Sonoco raises Q1 2023 adjusted EPS guidance to $1.30-$1.40 from $1.15-$1.25

SONOCO PRODUCTS CO

Adjusted EPS guidance raised to $1.30-$1.40 per diluted share from prior $1.15-$1.25.
Improvement driven by better productivity, lower input costs, and higher demand in certain products.
Q1 earnings release after market close on May 1; conference call at 8:30 a.m. ET on May 2.
Sonoco expects base (adjusted) earnings to exceed previous forecast due to operational and market factors.

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