Sonoco (SON) Misses Q4 EPS by 1c

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Go back to Sonoco (SON) Misses Q4 EPS by 1c

Sonoco Reports Fourth Quarter and Full-Year 2016 Results

February 9, 2017 7:00 AM EST

HARTSVILLE, S.C., Feb. 09, 2017 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest diversified global packaging companies, today reported financial results for its fourth quarter and full-year 2016.

Fourth Quarter Highlights

Fourth quarter 2016 GAAP earnings per diluted share were $1.04, compared with $0.55 in 2015. As a result of the Company's accounting calendar, the fourth quarter contained five fewer calendar days and four fewer business days than in 2015. Fourth quarter 2016 GAAP results include a net gain of $0.42 per diluted share, after tax, consisting of a gain from the sale of the Company's rigid... More