DA Davidson Upgrades Sonoco Products (SON) to Neutral

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Go back to DA Davidson Upgrades Sonoco Products (SON) to Neutral

Sonoco (SON) Prelim. Q2 Results Miss Expectations; Updates FY15 Outlook

July 16, 2015 7:32 AM EDT

Sonoco (NYSE: SON) reported preliminary operating results for the second quarter and year-to-date periods ending June 28, 2015. The Company expects to release complete consolidated financial results with the filing of its Form 10-Q in August.

Review of Mexico Packaging Center Historical Financial Results

Sonoco, working with outside accounting and legal consultants, is currently conducting a thorough review of financial results for a single contract packaging center in Mexico due to the discovery of overstatements to prior periods earnings. This packaging center is part of the Display... More