{"schema_version":"secwatch.filing_event.v1","accession":"0000091767-24-000026","form_type":"8-K","ticker":"SON","cik":"0000091767","company_name":"SONOCO PRODUCTS CO","filed_at":"2024-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.443713+00:00","generated_at":"2026-06-03T05:16:24.075271+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Sonoco Q1 GAAP EPS down 56% to $0.66; sells Protective Solutions for $82M, raises dividend","bullets":["Net sales $1,638M (-5% YoY); GAAP operating profit $112M (-51%); GAAP net income $65M (-56%).","Adjusted EPS $1.12 (-20% YoY); Adjusted EBITDA $245M (-11%); productivity savings of $51M.","Completed sale of Protective Solutions on April 1 for $82M cash; proceeds used to reduce debt.","Quarterly dividend raised to $0.52/share (41st consecutive annual increase); reaffirmed operating cash flow guidance.","Revised adjusted EPS and EBITDA guidance downward to reflect the completed divestiture."],"urls":{"canonical":"https://secwatch.observer/filing/0000091767-24-000026","json":"https://secwatch.observer/filing/0000091767-24-000026.json","markdown":"https://secwatch.observer/filing/0000091767-24-000026.md","text":"https://secwatch.observer/filing/0000091767-24-000026.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/91767/000009176724000026/0000091767-24-000026-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/91767/000009176724000026/son-20240430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T05:16:24.075271+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"65fe4050fa4e741281967e41c4bb6cf893a83577","claim":"SONOCO PRODUCTS CO reported first quarter ended March 31, 2024 results: revenue $1,638 million, net income $65 million, EPS $0.66. Guidance reaffirmed.","evidence_excerpt":"On April 30, 2024, Sonoco Products Company (the \"Company\") issued a news release reporting its financial results for the quarter ended March 31, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176724000026/0000091767-24-000026-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$1,638 million"},{"label":"Net income","value":"$65 million"},{"label":"EPS","value":"$0.66"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c5991d2ebf28ff084d401173d1a1a88ffcc8e433","claim":"SONOCO PRODUCTS CO updated its second quarter and full year 2024 guidance (reaffirmed).","evidence_excerpt":"The Company also provided guidance for the second quarter and full year 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176724000026/0000091767-24-000026-index.htm","confidence":0.7,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter and full year 2024"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}