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Second quarter 2016 net sales were $1.21 billion, down from $1.25 billion in 2015.
July 22, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
Sonoco reported financial results for its second quarter, ending July 3, 2016. Second quarter 2016 net sales were $1.21 billion, down from $1.25 billion in 2015. Second quarter 2016 GAAP earnings per diluted share were $0.55, compared with $0.63 in 2015. Second quarter 2016 GAAP results included $0.18 per diluted share, after tax, in asset impairment and restructuring expenses largely related to the divestiture of a paper mill in France and a retail packaging business in Puerto Rico, along w...
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