Sonoco (SON) Tops Q1 EPS by 5c, Offers Guidance
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Sonoco Reports First Quarter 2021 Results
April 22, 2021 6:45 AM EDTHARTSVILLE, S.C., April 22, 2021 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest diversified global packaging companies, today reported financial results for its first quarter ended April 4, 2021.
First Quarter Highlights
First quarter 2021 GAAP earnings per diluted share were $0.71, compared with $0.80 in 2020.First quarter 2021 GAAP earnings included net after-tax charges of $19.4 million related to restructuring activity, asset impairments, acquisition and divestiture transaction costs, loss on a business divestiture and non-operating pension costs which were partially offset by insurance proceeds. In the first quarter of 2020, GAAP earnings included net... More