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Net sales for 2016 were $4.78 billion, down 3.7% from $4.96 billion in 2015.
February 10, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
Sonoco reported financial results for its fourth quarter and full-year 2016. Fourth quarter 2016 GAAP earnings per diluted share were $1.04, compared with $0.55 in 2015. Fourth quarter 2016 GAAP results include a net gain of $0.42 per diluted share, after tax, consisting of a gain from the sale of the company’s rigid plastics blowmolding operations in November 2016, partially offset by restructuring charges and acquisition expenses. Base net income attributable to Sonoco for fourth quart...
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