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Double-digit improvement to top-line and bottom-line drives record quarter results.
July 20, 2018
By: DAVID SAVASTANO
Editor, Ink World Magazine
Sonoco reported financial results for its second quarter, ending July 1, 2018. Net sales for the second quarter were $1.37 billion, an increase of $125.7 million, or 10.1%, from last year’s quarter. The improvement reflects an increase in sales added by acquisitions, volume growth, the positive impact of foreign exchange and higher selling prices implemented to recover rising freight and other operating inflation. Second-quarter 2018 GAAP earnings per diluted share were $0.88, compared w...
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