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Pregis Announces Second Quarter 2009 Financial Results
Date:8/13/2009

ounts and percentage changes are approximations due to rounding.) Gross Margin Calculations Three Months Ended June 30, Six Months Ended June 30, (dollars in ----------------------------- ------------------------- thousands) 2009 2008 Change 2009 2008 Change ---- ---- ------ ---- ---- ------ Net sales $196,003 $275,216 $(79,213) $381,547 534,538 (152,991) Cost of sales, excluding depreciation and amortization (147,049) (216,276) 69,227 (288,056) (418,770) 130,714 -------- -------- ------ -------- -------- ------- Gross margin $48,954 $58,940 $(9,986) $93,491 $115,768 $(22,277) ------- ------- ------- ------- -------- -------- Gross margin, as a percent of net sales 25.0% 21.4% 3.6% 24.5% 21.7% 2.9% ---- ---- --- ---- ---- --- Net Sales by Segment Three Months Ended June 30, ------------------------- 2009 2008 $ Change % Change ---- ---- -------- -------- (dollars in thousands) Segment: Protective Packaging $118,748 $178,571 $(59,823) (33.5)% Specialty Packaging 77,255 96,645 (19,390) (20.1)% ------ ------ ------- Total $196,003 $275,216 $(79,213) (28.8)% -------- -------- -------- Change Attributable to the Following Factors --------------------
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