Industry News, Printers News

Sonoco Reports 4Q, Full Year 2015 Results

Net sales for 2015 were $4.96 billion, down 1% from $5.02 billion in 2014.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Sonoco reported consolidated financial results for its fourth quarter and full-year 2015.   Highlights include fourth quarter 2015 GAAP earnings per diluted share were $.55, compared with $.48 in 2014. Fourth quarter 2015 GAAP results include $.09 per diluted share, after tax, in asset impairment and restructuring expenses and other non-base charges, net of gains related to releases of deferred tax valuation allowances, compared with $.13 per diluted share, after-tax, in asset impairment and r...

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