Sonoco Q4 adjusted EPS $1.02 (down 20% YoY); full year $5.26 (down 19%)

SONOCO PRODUCTS CO

2023-FY EPS reported $4.80 revenue$6,905,475,000

Q4 net sales $1.636B (-2% YoY); full year net sales $6.781B (-6% YoY).
Full year operating cash flow record $883M; free cash flow $600M.
Consumer segment posted record operating profit and EBITDA in flexible packaging; record net sales in rigid paper containers.
Industrial segment achieved record operating profit and EBITDA margins despite low volume environment.
Acquired Inapel Embalagens in Brazil to expand flexible packaging capabilities.

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 0.9

SONOCO PRODUCTS CO updated its the quarter and year ended December 31, 2023 guidance (initiated).

Period: the quarter and year ended December 31, 2023
Guidance: initiated
Result: reported results

Exact text from the filing

On February 14, 2024, Sonoco Products Company (the "Company") issued a news release reporting its financial results for the quarter and year ended December 31, 2023. The Company also provided guidance for the first quarter and full year 2024.

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Source: SEC EDGAR

accession 0000091767-24-000005

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