Sonoco Products: Q3 Earnings Insights

Shares of Sonoco Products SON were flat in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 11.34% over the past year to $0.86, which beat the estimate of $0.82.

Revenue of $1,312,000,000 decreased by 3.10% from the same period last year, which missed the estimate of $1,320,000,000.

Guidance

The upcoming fiscal year's EPS expected to be between $3.29 and $3.39.

Conference Call Details

Date: Oct 22, 2020

Time: 11:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/74yyqbrm

Recent Stock Performance

Company's 52-week high was at $62.77

52-week low: $37.30

Price action over last quarter: Up 1.59%

Company Profile

Over its 100-year-plus history, Sonoco Products has steadily assembled a diverse portfolio of industrial and consumer packaging product offerings such as flexible and rigid plastics, reels and spools, pallets, and composite cans. The company serves a variety of consumer and industrial end markets throughout North America. Sonoco has raised its dividend each year for more than 30 years.