Sonoco Q3: Adj EPS $1.46 beats guidance; raises full-year outlook

SONOCO PRODUCTS CO

2023-Q3 EPS reported $3.98 revenue$1,381,130,000

Net sales $1.71B (-10% YoY); GAAP diluted EPS $1.32, adjusted EPS $1.46.
Adjusted EBITDA $280M (-3% YoY); margins improved to 16.4% (EBITDA) and 7.6% (net income).
Raised full-year Adj EPS and Adj EBITDA guidance; lowered operating cash flow and free cash flow guidance.
Closed acquisitions of remaining RTS Packaging equity stake and Chattanooga paper mill.
Operating cash flow $617M year-to-date; working capital management drove strong cash generation.

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 0.95

SONOCO PRODUCTS CO reported third quarter ended October 1, 2023 results: revenue $1,710, net income $131, EPS $1.32. Guidance raised.

Period: third quarter ended October 1, 2023
Revenue: $1,710
Net income: $131
EPS: $1.32
Guidance: raised
Result: reported results

Exact text from the filing

2 Third Quarter 2023 Consolidated Financial Results (Dollars in millions except per share data) Three Months Ended GAAP Results October 1, 2023 October 2, 2022 Change Net sales $ 1,710 $ 1,890 (10) % Operating profit $ 163 $ 182 (10) % Net income attributable to Sonoco $ 131 $ 122 7 % EPS (diluted) $ 1.32 $ 1.24 6 % Three Months Ended Non-GAAP Results (1)

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 0000091767-23-000061

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.