Sonoco realigns segment reporting: thermoforming into Consumer Packaging; recasts prior periods

SONOCO PRODUCTS CO

Effective Jan 1, 2024, Sonoco merged flexible packaging and thermoforming packaging into Consumer Packaging segment.
Consumer thermoforming moved from All Other to Consumer Packaging; Industrial Paper Packaging unchanged.
Prior-period segment data for FY2022, FY2023, and each 2023 quarter recast to reflect new structure.
Segment calculation methodologies unchanged; change aims to streamline operations and accelerate growth.
New segment structure will be reflected starting with Q1 2024 Form 10-Q.

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.