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Cash flow from operations was $67.4 million in the first quarter of 2017, compared with $66.4 million in 2016.
April 20, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
Sonoco reported financial results for its first quarter, ending April 2, 2017. Net sales for the first quarter were $1.17 billion, down $54.0 million, or 4.4%, from last year’s quarter. The decline in sales was a result of the previously mentioned divested businesses, net of acquisitions; the discontinuation of the Company’s contract packaging business in Mexico; and the negative impact of foreign exchange, partially offset by higher selling prices, primarily attributed to rising recovered p...
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