Thursday, April 16, 2020

Sonoco Products Withdraws FY20 Outlook; Guides Q2 EPS Below Estimates

While reporting financial results for the third quarter on Thursday, packaging company Sonoco Products Co. (SON) announced it has withdrawn its full-year 2020 guidance for base earnings, cash flow from operations and free cash flow due to the unknown severity and duration of the COVID-19 pandemic and the related lack of visibility to the impact on the company's served markets.

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