Sonoco (SON) Misses Q1 EPS by 1c

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Sonoco Reports First Quarter 2016 Results

April 21, 2016 6:50 AM EDT

HARTSVILLE, S.C., April 21, 2016 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest diversified global packaging companies, today reported financial results for its first quarter ending April 3, 2016. As a result of the Companys accounting calendar, the first quarter of 2016 contained 94 days, six more calendar days and three more business days than in 2015.

First Quarter Highlights

First quarter 2016 GAAP earnings per diluted share were $.59, compared with $.84 in 2015.First quarter 2016 GAAP results included $.06 per diluted share, after tax, in asset impairment and restructuring... More