Sonoco (SON) Raises Quarterly Dividend 5.1% to $0.41; 3.3% Yield

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Go back to Sonoco (SON) Raises Quarterly Dividend 5.1% to $0.41; 3.3% Yield

Sonoco (SON) Tops Q1 EPS by 2c, Beats on Revenues; Boosts 2Q18 & FY18 EPS Outlooks Above Consensus Projections

April 19, 2018 6:52 AM EDT

Sonoco (NYSE: SON) reported Q1 EPS of $0.74, $0.02 better than the analyst estimate of $0.72. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.29 billion.

First Quarter Highlights

First-quarter 2018 GAAP earnings per diluted share were $0.73, compared with $0.53 in 2017.First-quarter 2018 GAAP earnings included after-tax charges of $0.01 per diluted share related to restructuring and acquisition-related expenses, which were mostly offset by the effect of the change in the U.S. corporate tax rate on adjustments to deferred taxes.... More