Sonoco reports record annual revenue $7.25B, Base EPS $6.48 (+65%)

SONOCO PRODUCTS CO

2022-FY EPS reported $4.72 revenue$7,401,804,000

Q4 net sales $1,676M (+16% YoY); GAAP EPS $0.98 (+48%); Base EPS $1.27 (+28%).
Full-year net sales $7,251M (+30%); GAAP EPS $4.72 vs $(0.86) loss; Base EPS $6.48 (+65%).
Completed integration of Metal Packaging acquisition and Skjern Paper acquisition in Denmark.
Company provided guidance for full-year 2023; specific numbers not in excerpt.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SONOCO PRODUCTS CO reported the quarter and year ended December 31, 2022 results: revenue $1,676, net income $97, EPS $0.98. Guidance reaffirmed.

Period: the quarter and year ended December 31, 2022
Revenue: $1,676
Net income: $97
EPS: $0.98
Guidance: reaffirmed
Result: reported results

Exact text from the filing

except per share data) Three Months Ended Twelve Months Ended GAAP Results December 31, 2022 December 31, 2021 Change December 31, 2022 December 31, 2021 Change Net sales $ 1,676 $ 1,439 16 % $ 7,251 $ 5,590 30 % Operating profit $ 127 $ 105 21 % $ 675 $ 487 39 % Net income/(loss) attributable to Sonoco $ 97 $ 65 49 % $ 466 $ (85) N/M EPS (diluted) $ 0.98

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Source: SEC EDGAR

accession 0000091767-23-000004

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