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Cash flow from operations was $238.8 million in the first nine months of 2019, compared with $451.5 million in 2018.
October 29, 2019
By: DAVID SAVASTANO
Editor, Ink World Magazine
Sonoco reported financial results for its third quarter ending Sept. 29, 2019. Net sales for the third quarter were $1.35 billion, down slightly from last year’s third quarter sales of $1.36 billion. The sales decline was driven by lower volumes and a stronger US dollar. These negative impacts were mostly offset by increased sales from acquisitions. GAAP net income at-tributable to Sonoco in the third quarter was $92.1 million, or $0.91 per diluted share, an increase of $19.6 million, compared ...
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