Packaging Corporation of America (PCA) has reported increase in second quarter 2012 net sales by 7% to $712m compared to $665m in the second quarter 2011. Net income also increased to $45m against $40m in the same period of 2011.
Export sales of containerboard during the period reduced by 13,000t against 2011 second quarter and the production was 638,000t, up 5.3% or 32,000t over the second quarter of 2011.
The shipments of corrugated products in the quarter increased by 6.6% compared to 2011, and the increase included 3.6% from box plant acquisitions.
Net income for the first six months of 2012, excluding special items stood at $88m compared to $79m in 2011 and year-to-date net sales were a record $1.4bn compared to $1.3bn in 2011.
PCA chief executive officer Mark Kowlzan said pricing for corrugated products and domestic containerboard remained steady, export prices were higher and mix improved compared to the first quarter.
"Our mills ran extremely well setting a second quarter production record, even with 23,000 tons of lost production related to the completion of our 2012 annual maintenance outages," Kowlzan added.
PCA operates four paper mills and 72 corrugated products plants in 26 states across the country.