PACKAGING CORP OF AMERICA

For the period ended Dec 31, 2023. Filed Feb 29, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 29, 2024

PKG$254.41+1.9%Stored close · as of Nov 9, 2026

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Contents

Item 1. Business

Packaging Corporation of America (“we,” “us,” “our,” “PCA,” or the “Company”) is the third largest producer of containerboard products and a leading producer of uncoated freesheet (UFS) paper in North America. We operate eight mills and 86 corrugated products plants and related facilities. We are headquartered in Lake Forest, Illinois and operate primarily in the United States.

We report in three reportable segments: Packaging, Paper and Corporate and Other. For segment financial information see Note 18, Segment Information, of the Notes to Consolidated Financial Statements in “Part II, Item 8, Financial Statements and Supplementary Data” of this Form 10-K.

Production and Shipments

The following table summarizes the Packaging segment's containerboard production and corrugated products shipments and the Paper segment's UFS production.

FirstQuarter · SecondQuarter · ThirdQuarter · FourthQuarter · Full Year
Containerboard Production (thousand tons)	2023	1,086	1,112	1,118	1,213	4,529
	2022	1,233	1,256	1,116	961	4,566
	2021	1,195	1,193	1,256	1,243	4,887
Corrugated Products Shipments (billion square feet)	2023	14.7	14.9	15.2	15.7	60.5
	2022	16.8	16.5	15.4	14.7	63.4
	2021	16.4	16.5	16.4	16.4	65.7
UFS Production (thousand tons)	2023	126	116	109	121	472
	2022	126	127	123	130	506
	2021	145	149	148	130	572

Below is a map of our locations:

ContentsView on SEC.gov

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