Sonoco Reports 2009 First Quarter Financial Results

April 16, 2009 by timbercommunity

 HARTSVILLE, S.C.--(BUSINESS WIRE)--Apr. 16, 2009-- Sonoco (NYSE: SON), one of the largest diversified global packaging companies, today reported first quarter 2009 earnings of $.23 per diluted share, compared with $.13 per diluted share reported in the first quarter of 2008. Results in the prior year quarter were negatively impacted by a noncash charge related to the impairment of financial assets, while both years’ results were impacted by restructuring charges. Results in 2009 were also affected by higher pension expenses.

 Sonoco Reports 2009 First Quarter Financial ResultsConsumer Packaging Segment Reports Record Operating Profit; Global Recession Further Impacts Industrial-focused Businesses

 Sonoco Reports 2009 First Quarter Financial ResultsConsumer Packaging Segment Reports Record Operating Profit; Global Recession Further Impacts Industrial-focused Businesses

 Sonoco Reports 2009 First Quarter Financial ResultsConsumer Packaging Segment Reports Record Operating Profit; Global Recession Further Impacts Industrial-focused Businesses

 Sonoco Reports 2009 First Quarter Financial ResultsConsumer Packaging Segment Reports Record Operating Profit; Global Recession Further Impacts Industrial-focused Businesses

Consumer Packaging Segment Reports Record Operating Profit; Global Recession Further Impacts Industrial-focused Businesses HARTSVILLE, S.C.--(BUSINESS WIRE)--Apr. 16, 2009-- Sonoco (NYSE: SON), one of the largest diversified global packaging companies, today reported first quarter 2009 earnings of $.23 per diluted share, compared with $.13 per diluted share reported in the first quarter of 2008. Results in the prior year quarter were negatively impacted by a noncash charge related to the impairment of financial assets, while both years’ results were impacted by restructuring charges.