Packaging Corporation of America (NYSE: PKG), Lake Forest, IL, reported full-year sales for 2014 of $5.9 billion, a company record that marked an increase of 59.7 percent from the previous year. Profit fell 11 percent to $392.6 million from $441.3 million in 2013.
Sales for the fourth quarter were $1.4 billion, a 13.4 percent increase over the same period a year ago. Profit plummeted 56.8 percent to $98.8 million from $228.1 million in the fourth quarter of 2013.
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