(Dollars in thousands except per share) |
Years ended December 31
|
% Inc. (Dec.) |
|
Net sales |
$2,788,075 |
|
$2,706,173 |
|
3.0% |
Gross profit |
639,970 |
|
599,186 |
|
6.8% |
Net income available to common shareholders |
163,675 |
|
156,756 |
|
4.4% |
Return on common equity |
21.1 |
% |
22.2 |
% |
16.2% |
Return on total equity (including preferred stock) |
18.3 |
% |
18.7 |
% |
2.1% |
Return on net sales |
6.1 |
% |
6.1 |
% |
- |
Approximate number of employees |
19,000 |
|
19,000 |
|
- |
Approximate number of locations |
290 |
|
270 |
|
7.4% |
|
Per common share |
Net income available to common shareholders: |
- Assuming no dilution |
$1.81 |
|
$1.72 |
|
5.2% |
- Assuming full dilution |
1.73 |
|
1.64 |
|
5.5% |
Cash dividends - common |
.65 |
|
.58 |
|
12.1% |
Ending common stock market price |
25.88 |
|
26.25 |
|
(1.4)% |
Book value per common share |
8.91 |
|
8.19 |
|
8.8% |
Price/earnings ratio |
14.96 |
|
16.01 |
|
(6.6)% |
|
Selected Quarterly Financial Data
(Dollars in thousands except per share) |
First Quarter |
Second Quarter |
Third Quarter |
Fourth Quarter |
|
1997 |
Net sales |
$687,648 |
$714,167 |
$709,588 |
|
Gross profit |
151,971 |
166,146 |
153,407 |
|
Net income available to common shareholders |
40,180 |
44,684 |
41,247 |
|
Per common share |
|
Net income available to common shareholders: |
|
- Assuming no dilution |
.45 |
.49 |
.45 |
|
|
- Assuming full dilution |
.43 |
.47 |
.42 |
|
|
Cash dividends - common |
.165 |
.18 |
.18 |
|
|
Market price |
- high |
27.63 |
31.13 |
34.94 |
|
|
- low |
24.88 |
26.25 |
30.44 |
|
|
1996 |
Net sales | $669,231 | $689,855 | $703,422 | $725,567 |
Gross profit | 156,355 | 167,634 | 157,946 | 158,034 |
Net income available to common shareholders | 41,307 | 44,814 | 38,073 | 39,481 |
Per common share |
|
Net income available to common shareholders: |
| - Assuming no dilution | .45 | .50 | .42 | .44 |
| - Assuming full dilution | .43 | .47 | .41 | .42 |
| Cash dividends - common | .15 | .165 | .165 | .165 |
| Market price | - high | 28.88 | 29.13 | 30.88 | 28.13 |
| - low | 25.75 | 26 | 27.50 | 24.88 |
|
1995 |
Net sales | $645,142 | $691,726 | $686,998 | $682,307 |
Gross profit | 140,339 | 151,007 | 149,948 | 157,892 |
Net income available to common shareholders | 35,596 | 42,172 | 38,699 | 40,289 |
Per common share |
|
Net income available to common shareholders: |
| - Assuming no dilution | .39 | .46 | .43 | .44 |
| - Assuming full dilution | .37 | .44 | .41 | .42 |
| Cash dividends - common | .133 | .15 | .15 | .15 |
| Market price | - high | 23.21 | 25.25 | 28.50 | 28.75 |
| - low | 19.11 | 22.74 | 24.50 | 23.75 |
|
Per share amounts restated to reflect the 5% common stock dividend on June 9, 1995.
The information above presents selected consolidated financial data for Sonoco
on an historical basis. The data is based on the financial statements of
Sonoco and reference is made to these complete statements and the related
notes for more detailed data. Furthermore, historical results are not necessarily
indicative of future results.
Sonoco is subject to the informational requirements of the Securities Exchange Act of 1934, as amended, and
accordingly, files reports, proxy statements and other information with the Securities and Exchange Commission.
Such reports, proxy statements and other information can be inspected and copied at the public reference
facilities of the Commission, 450 Fifth Street, N.W., Room 1024, Washington, DC 20549, and at the following locations:
The Commission's New York Regional Office, 7 World Trade Center, Suite 1300, New York, NY 10048; Chicago Regional Office,
500 West Madison Street, Suite 1400, Chicago, IL 60661 and the New York Stock Exchange, New York, NY 10006.
The Commission also maintains
a web site that contains reports, proxy, information statements and other information
regarding registrants that file electronically.
|