---
schema_version: "secwatch.filing_event.v1"
accession: "0000091767-23-000061"
form_type: "8-K"
ticker: "SON"
cik: "0000091767"
company_name: "SONOCO PRODUCTS CO"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T03:53:35.810770+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000091767-23-000061
- form_type: 8-K
- ticker: SON
- cik: 0000091767
- company_name: SONOCO PRODUCTS CO
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/91767/000009176723000061/0000091767-23-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/91767/000009176723000061/son-20231031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000091767-23-000061
- JSON: https://secwatch.observer/filing/0000091767-23-000061.json
- Plain text: https://secwatch.observer/filing/0000091767-23-000061.txt

## Key facts
- Earnings Releases
  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
  source text: 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)
  evidence_url: https://www.sec.gov/Archives/edgar/data/91767/000009176723000061/0000091767-23-000061-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.