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Pregis Announces Third Quarter 2008 Financial Results
Date:11/13/2008

9,073 9,187

Total current assets 327,458 329,730

Property, plant and equipment, net 257,777 277,398

Other assets

Goodwill 148,414 150,000

Intangible assets, net 43,592 47,910

Deferred financing costs, net 8,328 10,080

Due from Pactiv, long-term 13,208 12,229

Pension and related assets 25,155 25,659

Other 431 2,313

Total other assets 239,128 248,191

Total assets $824,363 $855,319

Liabilities and stockholder's equity

Current liabilities

Current portion of long-term debt $2,125 $2,120

Accounts payable 104,326 100,326

Accrued income taxes 7,880 13,900

Accrued payroll and benefits 16,953 19,814

Accrued interest 11,437 6,775

Other 25,462 22,436

Total current liabilities 168,183 165,371

Long-term debt 465,804 475,604

Deferred income taxes 32,342 34,589

Long-term income tax liabilities 10,780 9,585

Pension and related liabilities 8,658 9,389

Other 7,006 7,124

Stockholder's equity:

Common stock - $0.01 par value; 1,000

shares authorized, 149.0035 shares

issued and outstanding at

September 30, 2008 and

December 31, 2007
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SOURCE Pregis Corporation
Copyright©2008 PR Newswire.
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