Packaging Corporation of America reported Q1 2023 net income of $۱۹۰ million, or $۲.۱۱ per share, and net income of $۱۹۸ million, or $۲.۲۰ per share, excluding special items. Q1 2023 net sales were $۲.۰ billion in 2023 and $۲.۱ billion in 2022.
In the Packaging segment, total corrugated products shipments and shipments per day were down 12.7% compared to the Q1 2022. Containerboard production was 1,086,000 tons, and containerboard inventory was down 36,000 tons from the Q1 2022 and up 6,000 tons compared to the Q4 2022. In the Paper segment, sales volume was down 23,000 tons from the Q1 2022 and down 6,000 tons compared to the Q4 2022.
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