Sonoco (SON) Reports In-Line Q2 EPS, Offers Q3 and FY Guidance

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Go back to Sonoco (SON) Reports In-Line Q2 EPS, Offers Q3 and FY Guidance

Sonoco Reports Second Quarter 2017 Results

July 20, 2017 6:50 AM EDT

HARTSVILLE, S.C., July 20, 2017 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest diversified global packaging companies, today reported financial results for its second quarter, ending July 2, 2017.

Second Quarter Highlights

Second quarter 2017 GAAP earnings per diluted share were $0.43, compared with $0.55 in 2016.Second quarter 2017 GAAP results included $0.28 per diluted share, after tax, in charges for pension settlement distributions, restructuring-related activities and acquisitions expenses. In the second quarter of 2016, GAAP results included $0.18 per diluted share, after tax, in asset impairment and restructuring expenses primarily related... More