Sonoco Q3 base EPS $1.60 beats guidance; raises FY2022 outlook

SONOCO PRODUCTS CO

2022-Q3 EPS reported $3.74 revenue$5,574,530,000

Q3 GAAP diluted EPS $1.24 (+11% YoY); base diluted EPS $1.60 (+60% YoY).
Net sales $1,890M (+34% YoY); base operating profit $225M (+67% YoY).
Full-year 2022 earnings guidance raised; Q3 results exceeded high end of prior guidance.
Announced Skjern Paper acquisition to expand European production capacity.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SONOCO PRODUCTS CO reported third quarter ended October 2, 2022 results: revenue $ 1,890, net income $ 122, EPS $ 1.24. Guidance raised.

Period: third quarter ended October 2, 2022
Revenue: $ 1,890
Net income: $ 122
EPS: $ 1.24
Guidance: raised
Result: reported results

Exact text from the filing

Third Quarter 2022 Consolidated Financial Results (Dollars in millions except per share data) Three Months Ended GAAP Results October 2, 2022 October 3, 2021 Change Net sales $ 1,890 $ 1,415 34 % Operating profit $ 182 $ 127 44 % Net income attributable to Sonoco $ 122 $ 111 10 % EPS (diluted) $ 1.24 $ 1.12 11 %

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

SONOCO PRODUCTS CO filing history →

Source: SEC EDGAR

accession 0000091767-22-000059

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.