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First-quarter 2019 net sales were $1.35 billion, with free cash flow of $9.5 million.
April 23, 2019
By: DAVID SAVASTANO
Editor, Ink World Magazine
Sonoco reported financial results for its first quarter ending March 31, 2019. Net sales for the first quarter were $1.35 billion, an increase of $47.5 million, or 3.6%, from last year’s first quarter. The improvement reflects sales added by acquisitions and higher selling prices. Foreign exchange rate declines negatively impacted first quarter sales by approximately $38 million. Gross profit was $270.1 million in the first quarter, an increase of $19.5 million or 7.8%, compared with...
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