UPDATE: Sonoco (SON) Reports In-Line Q4 EPS; Lowers FY20 EPS Guidance

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Go back to UPDATE: Sonoco (SON) Reports In-Line Q4 EPS; Lowers FY20 EPS Guidance

Sonoco Reports Fourth-Quarter and Full-Year 2019 Results

February 13, 2020 6:45 AM EST

HARTSVILLE, S.C., Feb. 13, 2020 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the most sustainable, diversified global packaging companies, today reported financial results for its fourth quarter and full year, both ending December 31, 2019.

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... More