05:52 PM EDT, 04/30/2024 (MT Newswires) -- Sonoco Products ( SON ) reported Q1 adjusted earnings late Tuesday of $1.12 per diluted share, down from $1.40 a year earlier.

Analysts polled by Capital IQ expected normalized EPS of $1.07.

Net sales in the quarter ended March 31 were $1.64 billion, compared with $1.73 billion a year earlier. Analysts surveyed by Capital IQ expected revenue of $1.68 billion.

The company expects Q2 adjusted EPS of $1.25 to $1.35. Analysts in a Capital IQ poll expect $1.30.

For full-year 2024, Sonoco now expects adjusted EPS of $5.00 to $5.30, down from its previous guidance of $5.10 to $5.40. Analysts in a Capital IQ survey expect $5.18.