Edition:
India

Sonoco Reports Third Quarter 2020 Results


Thursday, 22 Oct 2020 

Oct 22 (Reuters) - Sonoco Products Co ::SONOCO REPORTS THIRD QUARTER 2020 RESULTS.Q3 CORE EARNINGS PER SHARE $0.86.Q3 GAAP EARNINGS PER SHARE $0.82.Q3 SALES $1.31 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.32 BILLION.Q3 EARNINGS PER SHARE ESTIMATE $0.82 -- REFINITIV IBES DATA.SONOCO PRODUCTS - EXPECTS Q4 AND FY BASE EARNINGS TO BE IN A RANGE OF $0.70 TO $0.80 AND $3.29 TO $3.39 PER DILUTED SHARE, RESPECTIVELY.FULL-YEAR 2020 CASH FROM OPERATIONS IS EXPECTED TO BE IN RANGE OF $643 MILLION TO $663 MILLION.SONOCO PRODUCTS - CONSUMER PACKAGING SEGMENT PRODUCED SOLID IMPROVEMENT IN QUARTER AS AT-HOME FOOD DEMAND STABILIZED FROM PRECEDING QUARTER'S PANTRY STOCKING.SONOCO PRODUCTS - FULL-YEAR 2020 FREE CASH FLOW IS EXPECTED TO BE IN RANGE OF $290 MILLION TO $310 MILLION.QTRLY CONSUMER PACKAGING SALES $583.7 MILLION VERSUS $581.4 MILLION.LOOKING AHEAD TO Q4, EXPECT CONSUMER PACKAGING SEGMENT TO CONTINUE TO BENEFIT FROM CONSUMERS' AT-HOME EATING PATTERNS.INDUSTRIAL-RELATED SERVED MARKETS ARE EXPECTED TO CONTINUE EXPERIENCING WEAK YEAR-OVER-YEAR DEMAND.SONOCO PRODUCTS - PAPER AND INDUSTRIAL CONVERTED PRODUCTS SEGMENT SHOULD CONTINUE FACING A NEGATIVE PRICE/COST HEADWIND DURING Q4.QTRLY DISPLAY & PACKAGING SALES $137.6 MILLION VERSUS $145 MILLION. 

Company Quote

58.06
-0.9 -1.53%
30 Nov 2020