Sonoco (SON) Tops Q1 EPS by 5c, Offers Guidance

Sonoco (NYSE: SON) reported Q1 EPS of $0.90, $0.05 better than the analyst estimate of $0.85. Revenue for the quarter came in at $1.35 billion versus the consensus estimate of $1.33 billion.

GUIDANCE:

Sonoco sees Q2 2021 EPS of $0.82-$0.88, versus the consensus of $0.88.

Sonoco sees FY2021 EPS of $3.50-$3.60, versus the consensus of $3.52.

• Sonoco expects second quarter base earnings per diluted share to be in a range of $0.82 to $0.88 and expects full-year base earnings per diluted share to be in a range of $3.50 to $3.60. Full-year guidance has been narrowed to the upper-half of the previously disclosed full-year guidance range. Second quarter and full-year base earnings per diluted share in 2020 were $0.79 and $3.41, respectively.
• Full-year 2021 cash provided from operations and free cash flow guidance remains unchanged at a range of $570 million to $600 million and $270 million to $300 million, respectively.

For earnings history and earnings-related data on Sonoco (SON) click here.

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