Sonoco Products Company (SON) CEO Rob Tiede on Q3 2019 Results - Earnings Call Transcript

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Q3: 2019-10-17 Earnings Summary

EPS of $0.97 beats by $0.06
 | Revenue of $1.35B (-0.79% Y/Y) misses by $36.73M

Sonoco Products Company (NYSE:SON) Q3 2019 Results Conference Call October 17, 2019 11:00 AM ET

Company Participants

Roger Schrum - VP, IR
Rob Tiede - President and CEO
Julie Albrecht - VP and CFO

Conference Call Participants

Ghansham Panjabi - Baird
George Staphos - Bank of America
Adam Josephson - KeyBanc
Steve Chercover - D.A. Davidson
Gabe Hajde - Wells Fargo
Brian Maguire - Goldman Sachs
Mark Wilde - Bank of Montreal
Salvator Tiano - Vertical Research

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Q3 2019 Sonoco Earnings Conference Call. At this time, all participant lines are in listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Roger Schrum, VP of Investor Relations. Thank you. Please go ahead, sir.

Roger Schrum

Thank you, Gigi. And good morning, everyone. Welcome to the Sonoco’s investor conference call to discuss our third quarter 2019 financial results.

Joining me today are Rob Tiede, President and Chief Executive Officer; and Julie Albrecht, Vice President and Chief Financial Officer.

A news release reporting our financial results was issued before the market opened today and is available on the Investor Relations website at sonoco.com. In addition, we will reference a presentation on our third quarter results, which was also posted on our website this morning.

Before we go further, let me remind you that today’s call and presentation contains a number of forward-looking statements, based on current expectations, estimates and projections. These statements are not guarantees of future performance and are subject to certain risks and uncertainties. Therefore, actual results may differ materially.

Furthermore, today’s presentation includes the use of non-GAAP financial measures, which

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