Sonoco targets ~$1.5B adjusted EBITDA by 2028, margin expansion ~200 bps

SONOCO PRODUCTS CO

Adjusted EBITDA target of ~$1.5B by end of 2028; ~200 bps margin expansion.
Cumulative Cash Flow from Operations ~$2.5B (2026-2028); capex ~4% of sales.
Long-term net leverage target below 2.5x by end of 2028.
Plans to continue >100 years of consecutive dividend payments and pursue share repurchases.
CEO says company is simpler with two market-leading businesses; foundation set for consistent growth.

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