2023-03-21 16:34:55 ET
- Sonoco ( NYSE: SON ) said Tuesday it expects first-quarter 2023 base (adjusted) earnings to be in the range of $1.30 to $1.40 per diluted share.
- The company previously had forecasted Q1 EPS of $1.15 to $1.25 per diluted share. The Seeking Alpha consensus estimate for Q1 EPS is $1.17.
- Sonoco said it anticipates results to be better than previously expected due to improving productivity, lower than expected input costs, and higher demand than forecasted in certain products and end markets.
- Press Release .
For further details see:
Sonoco raises Q1 EPS forecast