Packaging Corporation of America Announces Additional $200 Million Share Repurchase Authorization
Repurchases may be made from time to time in open market or privately negotiated transactions in accordance with applicable securities regulations. The timing and amount of repurchases will be determined by the company in its discretion based on factors such as PCA’s stock price and market and business conditions.
Commenting on the additional authorization,
PCA is the fourth largest producer of containerboard and corrugated
packaging products in
Some of the statements in this press release are forward-looking
statements. Forward-looking statements include statements about our
future intent to repurchase shares. Statements that contain words such
as “will,” “should,” “anticipate,” “believe,” “expect,” “intend,”
“estimate,” “hope,” or similar expressions, are forward-looking
statements. These forward-looking statements are based on the current
expectations of PCA. Because forward-looking statements involve inherent
risks and uncertainties, the plans, actions and actual results of PCA
could differ materially. Among the factors that could cause plans,
actions and results to differ materially from PCA’s current expectations
include the following: the impact of general economic conditions;
conditions in the paper and packaging industries, including competition,
product demand and product pricing; fluctuations in wood fiber and
recycled fiber costs; fluctuations in purchased energy costs; the
possibility of unplanned outages or interruptions at our principal
facilities; and legislative or regulatory requirements, particularly
concerning environmental matters, as well as those identified under Item
1A. Risk Factors in PCA’s Annual Report on Form 10-K for the year ended
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Source:
Packaging Corporation of America
Barbara Sessions
INVESTOR
RELATIONS: (877) 454-2509
PCA Web Site: www.packagingcorp.com