Sonoco (SON) Declares $.41 Quarterly Dividend; 2.7% Yield
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Sonoco (SON) Tops Q4 EPS by 3c, Revenues Miss; Offers Q1 & FY19 EPS Guidance
February 14, 2019 6:47 AM ESTSonoco (NYSE: SON) reported Q4 EPS of $0.84, $0.03 better than the analyst estimate of $0.81. Revenue for the quarter came in at $1.36 billion versus the consensus estimate of $1.36 billion.
Fourth-Quarter and Full-Year Highlights
Fourth-quarter 2018 GAAP earnings per diluted share were $0.77, compared with $0.06 in 2017. 2018 results include net after-tax charges of $0.07 per diluted share, related to restructuring activities, acquisitions, and certain other charges which were partially offset by non-base income tax benefits related to foreign tax credit valuation allowance releases and other non-base tax adjustments. Prior-year results included a net after-tax charge of $0.67... MoreSonoco (SON) Announces John R. Haley as Board Chairman-Elect, Succeeding Harris E. DeLoach Jr. Following Retirement in April 2019
February 13, 2019 4:55 PM ESTSonoco (NYSE: SON), one of the largest diversified global packaging companies, today announced that Harris E. DeLoach Jr. will retire as a director and as Executive Chairman in April of 2019. As part of its succession planning, the Board of Directors has named John R. Haley, current Vice Chairman, to be Chairman-elect.
At retirement, DeLoach, 74, will have served as Chairman of Sonocos Board of Directors for 14 years, including Executive Chairman since 2013. He was first elected to the Board in 1998 and became Chief Executive Officer of the Company in 2000 and Chairman in 2005 before retiring from... More
