Packaging Corporation of America announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced sales was USD 1,720 million compared to USD 1,746.6 million a year ago. Operating income was USD 235.1 million compared to USD 286.7 million a year ago. Net income was USD 136.2 million compared to USD 204.6 million a year ago. Basic earnings per share was USD 1.44 compared to USD 2.17 a year ago. Diluted earnings per share was USD 1.43 compared to USD 2.16 a year ago. For the full year, sales was USD 6,964.3 million compared to USD 7,014.6 million a year ago. Operating income was USD 1,053.7 million compared to USD 1,067.7 million a year ago. Net income was USD 696.4 million compared to USD 738 million a year ago. Basic earnings per share was USD 7.36 compared to USD 7.82 a year ago. Diluted earnings per share was USD 7.34 compared to USD 7.8 a year ago.