Edition:
India

Sonoco Reports Third Quarter 2019 Results


Thursday, 17 Oct 2019 

Oct 17 (Reuters) - Sonoco Products Co ::SONOCO REPORTS THIRD QUARTER 2019 RESULTS.Q3 GAAP EARNINGS PER SHARE $0.91.Q3 SALES $1.35 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.38 BILLION.Q3 EARNINGS PER SHARE ESTIMATE $0.90 -- REFINITIV IBES DATA.Q3 CORE EARNINGS PER SHARE $0.97.FULL-YEAR 2019 BASE EARNINGS GUIDANCE HAS BEEN NARROWED TO $3.50 TO $3.54 PER DILUTED SHARE.FULL-YEAR 2019 OPERATING CASH FLOW GUIDANCE REMAINS IN A RANGE OF $435 MILLION TO $455 MILLION.THIRD-QUARTER 2019 SALES FOR CONSUMER PACKAGING SEGMENT WERE $581.4 MILLION, COMPARED WITH $600.2 MILLION IN 2018.ANTICIPATES A MORE PRONOUNCED YEAR-END SLOWDOWN IN CUSTOMER ORDERS IN CERTAIN SERVED MARKETS.QTRLY SALES DECLINE WAS DRIVEN BY LOWER VOLUMES AND A STRONGER U.S. DOLLAR.THIRD-QUARTER 2019 SALES FOR DISPLAY AND PACKAGING SEGMENT WERE $145.0 MILLION, COMPARED WITH $165.2 MILLION IN 2018.SALES DECLINE IN QUARTER WAS DRIVEN BY LOWER VOLUMES AND A STRONGER U.S. DOLLAR.AS OF SEPTEMBER 29, 2019, TOTAL DEBT WAS ABOUT $1.55 BILLION.FY2019 EARNINGS PER SHARE VIEW $3.55 -- REFINITIV IBES DATA. 

Company Quote

61.14
-0.38 -0.62%
9 Dec 2019