Packaging Corp. of America (PCA) reported FY 2025 net sales of USD 9.0 billion, up 7.2%, and net income of USD 774.1 million, with diluted EPS of USD 8.58. EBITDA was USD 1.8 billion, and EBITDA excluding special items was USD 1.9 billion. Net income excluding special items was USD 888.0 million, with diluted EPS excluding special items of USD 9.84. Special items expense totaled USD 114.0 million in FY 2025, including Wallula mill restructuring charges and acquisition and integration-related costs tied to the Greif transaction. In Packaging, FY 2025 segment net sales were USD 8.3 billion (+7.8%) and segment operating income was USD 1.1 billion; Packaging segment EBITDA excluding special items was USD 1.8 billion. PCA said Packaging results reflected higher containerboard and corrugated products prices and mix, higher volumes from the Greif business, and lower fiber costs. PCA completed the USD 1.8 billion cash acquisition of Greif, Inc.’s containerboard business on Sept. 2, 2025, adding two containerboard mills with approximately 800,000 tons of production capacity and eight sheet feeder and corrugated plants; PCA said the acquired business had a loss impact of (USD 0.16) per share over the first four months of ownership. In Paper, FY 2025 segment net sales were USD 615.4 million and segment operating income was USD 129.6 million; Paper segment EBITDA excluding special items was USD 148.1 million. PCA ended FY 2025 with USD 668.0 million of cash and marketable debt securities and reported total liquidity of USD 1.2 billion including revolving credit availability. PCA also said it notified customers of a USD 70 per ton price increase for linerboard and medium effective March 1, 2026.

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