Sonoco reported third quarter sales of $649.3 million, versus $677.5 million in the same period last year. Excluding one-time transactions, net income for the third quarter of 2001 was $39.7 million, versus $41.9 million in the third quarter of 2000. Including one-time transactions, net income for the third quarter 2001 was $42.8 million, versus $38.5 million in the third quarter of 2000.
For the first nine months, sales were $1.93 billion, versus $2.04 billion in the same period last year. The first quarter of 2000 included stronger volumes while the first nine months of 2000 reflected higher selling prices, primarily related to trade sales of recovered paper, compared with the first nine months of this year. Excluding one-time transactions, net income for the first nine months of 2001 was $112.1 million, versus $133.4 million in the same period last year.
Company-wide volume decreases averaged approximately 4 percent, compared with the same period last year.Latest from Recycling Today
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