PACKAGING CORP OF AMERICA
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
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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 (billion square feet) | 2024 | 67.3 | 73.7 | 76.0 | 76.8 | 293.8 |
| 2023 | 64.1 | 65.3 | 65.8 | 70.2 | 265.4 | |
| 2022 | 70.9 | 71.8 | 64.9 | 55.8 | 263.4 | |
| Corrugated Products Shipments (billion square feet) | 2024 | 16.1 | 16.5 | 17.2 | 17.1 | 66.9 |
| 2023 | 14.7 | 14.9 | 15.2 | 15.7 | 60.5 | |
| 2022 | 16.8 | 16.5 | 15.4 | 14.7 | 63.4 | |
| UFS Production (thousand tons) | 2024 | 124 | 120 | 127 | 128 | 499 |
| 2023 | 126 | 116 | 109 | 121 | 472 | |
| 2022 | 126 | 127 | 123 | 130 | 506 | |
Below is a map of our locations:
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