UPDATE: Sonoco (SON) Tops Q3 EPS by 4c, Revenues Miss; Updates FY18 EPS Guidance, Boosts FY18 Op. Cash Flow & FCF Guidance

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Go back to UPDATE: Sonoco (SON) Tops Q3 EPS by 4c, Revenues Miss; Updates FY18 EPS Guidance, Boosts FY18 Op. Cash Flow & FCF Guidance

Sonoco Reports Third Quarter 2018 Results

October 18, 2018 6:45 AM EDT

Solid Performance Drives Free Cash Flow Guidance Raise

HARTSVILLE, S.C., Oct. 18, 2018 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest diversified global packaging companies, today reported financial results for its third quarter, ending September 30, 2018.

Third Quarter Highlights

Third-quarter 2018 GAAP earnings per diluted share were $0.72, compared with $0.72 in 2017.Third-quarter 2018 GAAP earnings included after-tax restructuring and asset impairment charges of $15.0 million related to exiting a packaging center contract; plant closures; and non-base tax-related gains. In the third quarter of 2017, GAAP results included $3.8... More