secwatch.observer — SEC 8-K summary
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Issuer:     SONOCO PRODUCTS CO (SON)
CIK:        0000091767
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0000091767-23-000017
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonoco Q1 adjusted EPS $1.40 (-24% YoY); raises FY23 guidance, dividend $0.51
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- GAAP EPS $1.50 (up 28% YoY) on net sales $1.73B (-2%); GAAP operating profit $230M (+36%).
- Full-year 2023 guidance raised, citing strength of operating model.
- Quarterly dividend increased to $0.51 per share; 40th straight annual increase.
- Adjusted EPS $1.40 (-24% YoY); adjusted EBITDA $276M (-13%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91767/000009176723000017/0000091767-23-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91767/000009176723000017/son-20230501.htm
  HTML page:      https://secwatch.observer/filing/0000091767-23-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer