Sonoco Reports Fourth-Quarter and Full-Year 2019 Results
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UPDATE: Sonoco (SON) Reports In-Line Q4 EPS; Lowers FY20 EPS Guidance
February 13, 2020 6:49 AM EST(Updated - February 13, 2020 6:52 AM EST)
Sonoco (NYSE: SON) reported Q4 EPS of $0.75, in-line with the analyst estimate of $0.75. Revenue for the quarter came in at $1.31 billion versus the consensus estimate of $1.33 billion.
Fourth-Quarter and Full-Year Highlights
Fourth-quarter 2019 GAAP earnings per diluted share were $0.44, compared with $0.77 in 2018.2019 fourth-quarter results include net after-tax charges of $0.31 per diluted share, primarily related to asset impairments, restructuring actions, non-operating pension costs and acquisition-related expenses. Prior-year results included net after-tax charges of $0.07 per diluted share mostly due to restructuring expenses, acquisition costs and... More