Sonoco’s 4Q 2017 net sales were $1.3 billion, an increase of $156.8 million, or 13.7%, from last year’s quarter. The improvement reflects a net increase in sales aided by acquisitions, net of divestitures; higher selling prices, largely driven by rising raw material prices; solid volume growth; and the positive impact of foreign exchange.

包装纸&板

Sonoco’s 4Q net sales increased 13.7% to $1.3 billion

Sonoco’s 4Q 2017 net sales were $1.3 billion, an increase of $156.8 million, or 13.7%, from last year’s quarter. The improvement reflects a net increase in sales aided by acquisitions, net of divestitures; higher selling prices, largely driven by rising raw material prices; solid volume growth; and the positive impact of foreign exchange.

GAAP net income attributable to Sonoco in the 4Q 2017 was $5.7 million, or $0.06 per diluted share, a decrease of $99.2 million, compared with $104.9 million, or $1.04 per diluted share, in 2016.

Gross profits were $242.4 million in the 4Q 2017, an increase of $27.6 million or 12.9%, compared with $214.8 million in the same period in 2016. Gross profit as a percentage of sales was essentially flat at 18.7%.

Commenting on the Company’s 4Q GAAP and base results, Sonoco President and CEO Jack Sanders said, “Sonoco's diversified mix of Consumer and Industrial-related businesses drove strong top and bottom lines results in the 4Q. Net sales grew nearly 14% in the quarter and bottom line results (base net income attributable to Sonoco) improved by more than 17% compared to last year. Overall, the current quarter benefited from a positive price/cost relationship and improvement to productivity and volume/mix.”

Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services.