Industry News, Printers News

Sonoco Reports 3Q 2014 Results

Third quarter 2014 net sales were $1.26 billion, up approximately 3 percent

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Sonoco reported financial results for its third quarter, ending Sept. 28, 2014. Third quarter 2014 GAAP earnings per diluted share were $0.69, compared with $0.59 in 2013. Base net income attributable to Sonoco (base earnings) for third quarter 2014 was a record $0.72 per diluted share, compared with $0.63 in 2013.   Third quarter 2014 net sales were $1.26 billion up approximately 3% from $1.23 billion in 2013. Gross profit was $228 million in the third quarter, up 2%, compared with $224 milli...

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