Sonoco (SON) Tops Q2 EPS by 7c, Revenues Beats; Boosts FY18 EPS Guidance

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Go back to Sonoco (SON) Tops Q2 EPS by 7c, Revenues Beats; Boosts FY18 EPS Guidance

Sonoco Reports Strong Second Quarter 2018 Results

July 19, 2018 6:45 AM EDT

Double-Digit Improvement to Top-line and Bottom-line Drives Record Quarter Results
Company Increases 2018 Full-Year Guidance

HARTSVILLE, S.C., July 19, 2018 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest diversified global packaging companies, today reported financial results for its second quarter, ending July 1, 2018.

Second Quarter Highlights

Second-quarter 2018 GAAP earnings per diluted share were $0.88, compared with $0.43 in 2017.Second-quarter 2018 GAAP earnings included after-tax charges of $4.4 million related to restructuring and acquisition-related expenses. In the second quarter of 2017, GAAP results included $28.7 million, after... More