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Sonoco Products Co.

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Sonoco reported adjusted earnings of $0.65 per share in first-quarter 2016, up 35% year over year, along with solid year-over-year improvement at each of its segments. For 2016, Sonoco projects earnings per share in the range of $2.64 to $2.74. The company remains focused on further improving its cost competitiveness by optimizing its supply chain, enhancing productivity, and streamlining corporate and business unit structures. Sonoco will also benefit from the Weidenhammer and Graffo acquisitions, and cost saving actions. Moreover, its focus on executing on the ‘Grow and Optimize’ strategy, introduction of new products, investment in capacity will drive growth.


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