Sonoco (SON) Tops Q3 EPS by 1c, Offers Guidance

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Go back to Sonoco (SON) Tops Q3 EPS by 1c, Offers Guidance

Sonoco Reports Third Quarter 2021 Results

October 21, 2021 6:45 AM EDT

HARTSVILLE, S.C., Oct. 21, 2021 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest diversified global packaging companies, today reported financial results for its third quarter ended October 3, 2021.

Third Quarter Highlights

Third quarter 2021 GAAP earnings per diluted share were $1.12, compared with $0.82 in 2020.Third quarter 2021 GAAP earnings included a net after-tax benefit of $20.6 million, or $0.21 per diluted share, primarily related to a $0.30 per diluted share non-base income tax benefit, which more than offset restructuring-related charges and other non-base items. In the third quarter of 2020, GAAP earnings included net after-tax... More