Industry News, Printers News

Sonoco Reports Third Quarter 2018 Results

Year-to-date free cash flow was $218.9 million, compared with $25.6 million in 2017.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Sonoco reported financial results for its third quarter, ending Sept. 30, 2018.   Third-quarter 2018 net sales were $1.36 billion, up 3% from $1.32 billion in 2017. Cash flow from operations was $451.5 million in the first nine months of 2018, compared with $281.0 million in 2017. Year-to-date free cash flow was $218.9 million, compared with $25.6 million in 2017. Third-quarter 2018 GAAP earnings per diluted share were $0.72, compared with $0.72 in 2017.   Full-year 2018 operating cash flow and ...

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