secwatch.observer — SEC 8-K summary
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Issuer:     SONOCO PRODUCTS CO (SON)
CIK:        0000091767
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0000091767-23-000061
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91767/000009176723000061/0000091767-23-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91767/000009176723000061/son-20231031.htm
  HTML page:      https://secwatch.observer/filing/0000091767-23-000061

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