secwatch.observer — SEC 8-K summary
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Issuer:     SONOCO PRODUCTS CO (SON)
CIK:        0000091767
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0000091767-23-000038
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonoco Q2 net sales down 11% to $1.71B; adjusted EPS $1.38 misses; full-year guidance lowered
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- Net sales $1,705M (-11% YoY); GAAP EPS diluted $1.16 (-13%); adjusted EPS $1.38 (-22%).
- Adjusted EBITDA $275M, down 12% from $312M in Q2 2022.
- Operating cash flow $349M in first six months; disciplined working capital management.
- Full-year adjusted EPS and EBITDA guidance lowered due to customer destocking and weaker price/cost in Industrial.
- Flexible packaging and rigid paper containers outperformed; metal packaging and industrial North America underperformed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91767/000009176723000038/0000091767-23-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91767/000009176723000038/son-20230731.htm
  HTML page:      https://secwatch.observer/filing/0000091767-23-000038

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