Sonoco (SON) Tops Q1 EPS by 5c, Offers Guidance

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Go back to Sonoco (SON) Tops Q1 EPS by 5c, Offers Guidance

Sonoco Reports First Quarter 2021 Results

April 22, 2021 6:45 AM EDT

HARTSVILLE, 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