Industry News, Printers News

Sonoco Reports 4Q, Full-Year 2017 Results

Full-year 2017 net sales grew 5.3% to a record $5.04 billion.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Sonoco reported financial results for its fourth quarter and full year, ending Dec. 31, 2017.   Fourth-quarter 2017 GAAP earnings per diluted share were $0.06, compared with $1.04 in 2016; full-year 2017 GAAP earnings per diluted share were $1.74, compared to $2.81 in 2016.   Base net income attributable to Sonoco for the quarter was $0.72 per diluted share, compared with $0.62 in 2016. Full-year 2017 base earnings per diluted share were $2.79, compared to $2.72 in 2016. Sonoco previously pr...

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