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Second quarter 2017 GAAP earnings per diluted share were $0.43, compared with $0.55 in 2016.
July 21, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
Sonoco reported financial results for its second quarter, ending July 2, 2017. Second quarter 2017 GAAP earnings per diluted share were $0.43, compared with $0.55 in 2016. Net sales for the second quarter were $1.24 billion, an increase of $35.0 million, or 2.9%, from last year’s quarter. The improvement in sales was a result of higher selling prices, particularly from rising raw material prices, and sales added from acquisitions, net of divestitures. These positive factors were partially of...
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