Sonoco (SON) Misses Q2 EPS by 2c, Revenue Beats, Offers Guidance

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Go back to Sonoco (SON) Misses Q2 EPS by 2c, Revenue Beats, Offers Guidance

Sonoco Reports Second Quarter 2021 Results

July 22, 2021 6:45 AM EDT

HARTSVILLE, S.C., July 22, 2021 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest diversified global packaging companies, today reported financial results for its second quarter ended July 4, 2021.

Second Quarter Highlights

Second quarter 2021 GAAP net loss per diluted share was $(3.34), compared with earnings per diluted share of $0.55 in 2020.Second quarter 2021 GAAP net loss included net after-tax charges of $418.7 million, due mostly to a non-cash pension settlement charge of $406.5 million related to the Company's settlement of the outstanding pension liabilities of the Sonoco Pension Plan for Inactive... More