Sonoco (SON) Tops Q2 EPS by 36c

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Go back to Sonoco (SON) Tops Q2 EPS by 36c

Sonoco Reports Strong Second Quarter 2022 Results

July 21, 2022 6:45 AM EDT

HARTSVILLE, S.C., July 21, 2022 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest sustainable global packaging companies, today reported financial results for its second quarter ended July 3, 2022.

Second Quarter Highlights

Net sales were a record $1.91 billion, an approximately 38 percent increase from last year's second quarter 2021 sales of $1.38 billion.GAAP net income per diluted share was $1.33, compared with a loss of $(3.34) in the same period in 2021.GAAP net income includes net after-tax, non-base charges totaling $42.1 million, or $0.43 per diluted share. These charges largely consist of amortization of acquired... More