FILING ANALYSIS · WEDNESDAY, OCTOBER 21
SONOCO PRODUCTS CO SON — 8-K: Results of Operations and Financial Condition
negative
The company reported a GAAP net loss of $(732) million, or $(7.36) diluted earnings per share, due to a non-cash goodwill impairment charge of $(829) million, and adjusted net income was $167 million or $1.67 per adjusted diluted share, missing expectations. The company's results were impacted by external challenges such as drought conditions, inflation, and lower volume/mix, which were partially
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