On this page of StockholderLetter.com we present the latest annual shareholder letter from PACKAGING CORP OF AMERICA — ticker symbol PKG. Reading current and past PKG letters to shareholders can bring important insights into the investment thesis.
PACKAGING CORPORATION OF AMERICA 2025 ANNUAL REPORT
At PCA, we believe in making business personal, placing people at the core of everything we do. From our employees to the customers we serve to the communities in which we operate, we cultivate meaningful relationships that extend beyond simple transactions. We are committed to understanding the unique needs of every individual we engage with. For our employees, this means supporting their growth, professional development and overall well-being. For our customers, it involves gaining a deep understanding of their businesses, collaborating closely, and delivering customized solutions and exceptional service that drive continued success. And for our communities, we aim to foster positive impact, contribute to local growth and ensure responsible practices. We know that our success is driven by the strength of our relationships. By putting people first, whether it's our employees, customers or communities, we create lasting value for all our stakeholders and build a future defined by trust, collaboration and shared results. ble liabl relia b e a re to be en to oven prov has pr A ha PCCA P and lts an sults resu ers re liver deliv at de that ner th rtne part pa ps. hips nshi tions latio rela ng re rong stro ilds st build bu PACKAGING CORPORATION OF AMERICA Packaging Corporation of America is a company dedicated to delivering innovative solutions, with a strong emphasis on maintaining a people-oriented culture throughout all business interactions. PCA is the third largest producer of containerboard and corrugated products in North America. We manufacture many grades of kraft linerboard and corrugating medium at our containerboard mills and produce a wide variety of corrugated containers and displays at our converting facilities. Boise is a leading producer of uncoated freesheet in North America. Our team is dedicated to providing high-quality products, outstanding customer service and industry-leading supply chain performance, with a product portfolio that includes office papers and printing and converting papers. PCA s common stock is listed on the New York Stock Exchange under the ticker symbol PKG.
 • shareholder letter icon 3/27/2026 Letter Continued (Full PDF)
 • stockholder letter icon 3/23/2023 PKG Stockholder Letter
 • stockholder letter icon 3/28/2024 PKG Stockholder Letter
 • stockholder letter icon 3/27/2025 PKG Stockholder Letter
 • stockholder letter icon More "Packaging & Containers" Category Stockholder Letters
 • Benford's Law Stocks icon PKG Benford's Law Stock Score = 69


PKG Shareholder/Stockholder Letter Transcript:

PACKAGING
CORPORATION
OF AMERICA
2025 ANNUAL REPORT

At PCA, we believe in making business personal, placing people at the core of
everything we do. From our employees to the customers we serve to the
communities in which we operate, we cultivate meaningful relationships that extend
beyond simple transactions.
We are committed to understanding the unique needs of every individual we engage
with. For our employees, this means supporting their growth, professional
development and overall well-being. For our customers, it involves gaining a deep
understanding of their businesses, collaborating closely, and delivering customized
solutions and exceptional service that drive continued success. And for our
communities, we aim to foster positive impact, contribute to local growth and ensure
responsible practices.
We know that our success is driven by the strength of our relationships. By putting
people first, whether it's our employees, customers or communities, we create
lasting value for all our stakeholders and build a future defined by trust, collaboration
and shared results.
ble
liabl
relia
b e a re
to be
en to
oven
prov
has pr
A ha
PCCA
      P
and
lts an
sults
resu
ers re
liver
deliv
at de
that
ner th
rtne
part
pa
ps.   
hips
nshi
tions
latio
rela
ng re
rong
stro
ilds st
build
bu
PACKAGING
CORPORATION
OF AMERICA
Packaging Corporation of America is a company
dedicated to delivering innovative solutions, with a
strong emphasis on maintaining a people-oriented
culture throughout all business interactions.
PCA is the third largest producer of
containerboard and corrugated products in North
America. We manufacture many grades of kraft
linerboard and corrugating medium at our
containerboard mills and produce a wide variety of
corrugated containers and displays at our
converting facilities.
Boise is a leading producer of uncoated
freesheet in North America. Our team is
dedicated to providing high-quality products,
outstanding customer service and
industry-leading supply chain performance, with
a product portfolio that includes office papers
and printing and converting papers.
PCA   s common stock is listed on the New York
Stock Exchange under the ticker symbol PKG.


shareholder letter icon 3/27/2026 Letter Continued (Full PDF)
 

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