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Free cash flow was $99.4 million in the first three months of 2021, compared with $57.1 million in 1Q 2020.
May 3, 2021
By: DAVID SAVASTANO
Editor, Ink World Magazine
Sonoco reported financial results for its first quarter ended April 4, 2021, with sales up slightly. First quarter 2021 net sales were $1.35 billion, compared with $1.30 billion in 2020 while GAAP earnings per diluted share declined to $0.71, compared to $0.80 in 2020. Cash flow from operations and free cash flow did well. Cash flow from operations was $138.7 million in 1Q 2021, compared to $87.7 million in 2020. Free cash flow was $99.4 million in the first three months of 2021, com...
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