Sonoco (SON) Affirms FY16 Outlook; Guides FY17 EPS Below Views

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Sonoco Reports 2017 Financial Guidance and Strategic Priorities

December 2, 2016 8:50 AM EST

HARTSVILLE, S.C., Dec. 02, 2016 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON) President and Chief Executive Officer Jack Sanders and members of the Companys senior leadership team today provided the investment community in New York with an overview of the Companys financial guidance and strategic priorities.

Company Reaffirms 2016 Base EPS Guidance, Reflecting Record GAAP and Base Earnings PerformanceSonoco expects fourth quarter and full-year 2016 GAAP earnings to be $.95 to $1.04 and $2.73 to $2.82 per diluted share, respectively, including a gain of approximately $0.47 per diluted share from the previously announced sale of the... More