Sonoco (SON) Tops Q1 EPS by 5c, Revenues Miss; Raises FY19 EPS Mid-Point Guidance Above Consensus

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Go back to Sonoco (SON) Tops Q1 EPS by 5c, Revenues Miss; Raises FY19 EPS Mid-Point Guidance Above Consensus

Sonoco Reports First Quarter 2019 Results

April 18, 2019 6:45 AM EDT

Solid Performance Drives Full-year Base Earnings Guidance Raise

HARTSVILLE, S.C., April 18, 2019 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest diversified global packaging companies, today reported financial results for its first quarter ending March 31, 2019.

First Quarter Highlights

First-quarter 2019 GAAP earnings per diluted share were $0.73, compared with $0.73 in 2018.First-quarter 2019 GAAP earnings included after-tax charges of $12.5 million related to restructuring actions as well as non-operating pension costs. In the first quarter of 2018, GAAP results included net after-tax charges of $0.4... More