U.S. COMPANY FILING
PACKAGING CORP OF AMERICA — Form 10-K filed 2026-02-26
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PCA completed the $1.8B acquisition of Greif's containerboard business in Sept 2025, adding 800k tons capacity. FY2025 net sales rose to $8.99B from $8.38B, but net income fell to $774M ($8.58/diluted share) from $805M ($8.93) due to special items. Adjusted net income increased to $888M ($9.84/share). The company announced permanent shutdown of Wallula mill's No.2 paper machine, with ~$205M pre-tax charges. Capital expenditures rose to $829M, and debt increased to $4.0B.
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