Sonoco Earnings Reports

Sonoco posted Q4 2024 revenue of $1.36 billion, up 2% year-over-year. The company reported a GAAP net loss of $43 million due to acquisition-related costs, but adjusted net income was $100 million. Adjusted EPS came in at $1.00. Operating profit declined to $56 million, while adjusted EBITDA increased 4.6% to $247 million.

Sonoco reported a GAAP net income attributable to Sonoco of $51 million and an adjusted EBITDA of $281 million. The company saw increased consumer and industrial volumes, offset by price/cost headwinds. They reaffirmed full year 2024 guidance for Adjusted EBITDA and operating cash flow.

Sonoco reported GAAP net income of $91 million, with adjusted EBITDA reaching $262 million. Diluted earnings per share were $0.92, and adjusted diluted earnings per share stood at $1.28. The company reaffirmed its full-year 2024 guidance for adjusted EBITDA, adjusted EPS, and operating cash flow, excluding the pending Eviosys acquisition and potential divestitures.

Sonoco reported first quarter 2024 results with net sales of $1.638 billion and net income of $65 million. The company achieved adjusted EBITDA of $245 million and adjusted EPS of $1.12. While facing lower volumes and price/cost pressures, productivity improvements contributed $51 million in savings. Sonoco completed the sale of Protective Solutions and revised its adjusted EPS and adjusted EBITDA guidance for the year.

Sonoco reported a decrease in net sales by 2% to $1.6 billion. GAAP operating profit increased to $135 million. Adjusted EPS decreased to $1.02. The company highlighted strong productivity offset by higher employee expenses.

Sonoco reported Q3 2023 results with a net sales of $1.7 billion. GAAP earnings per share was $1.32 and adjusted earnings per share was $1.46. The company generated $617 million of operating cash flow in the first nine months of 2023. They raised full-year Adjusted EPS and Adjusted EBITDA guidance based on improved productivity and cost controls.

Sonoco reported a decrease in net sales to $1.7 billion due to lower volumes, while GAAP operating profit decreased to $188 million. Despite these challenges, the company generated $349 million of operating cash flow for the first six months of 2023 and lowered full-year Adjusted EPS and Adjusted EBITDA guidance based on lower volume trends.

Sonoco's first-quarter results met the high end of the previously provided quarterly guidance, leading to an increase in the full-year outlook. The company saw a decrease in net sales by 2% year-over-year to $1.7 billion, while GAAP operating profit increased by 36%.

Sonoco reported strong Q4 2022 results with a 16% increase in revenue and a 48% increase in GAAP EPS. The company's performance was driven by strategic pricing and the acquisition of Metal Packaging. Sonoco is focused on portfolio simplification and structural transformation.

Sonoco's Q3 2022 results showed a 34% increase in net sales to $1.9 billion, driven by strategic pricing and the Sonoco Metal Packaging acquisition. GAAP operating profit increased by 44% to $182 million, and base EPS grew by 60% to $1.60. The company also increased its full-year 2022 base earnings guidance.

Sonoco reported strong second-quarter results with record sales of $1.91 billion and base earnings of $1.76 per diluted share, driven by strong performance in the Consumer Packaging and Industrial Paper Packaging segments. The company has increased its full-year base earnings guidance to a range of $6.20 to $6.30 per diluted share.

Sonoco reported record first-quarter 2022 results, with net sales reaching $1.77 billion, a 30.9% increase from the previous year. GAAP earnings per diluted share were $1.17, and base earnings per diluted share reached a record $1.85. The company has raised its full-year 2022 guidance, reflecting confidence in continued strong performance.

Sonoco reported a 4.6% increase in fourth-quarter net sales to $1.44 billion and GAAP earnings per diluted share of $0.66, compared to a loss of $(0.12) in 2020. Base earnings per diluted share increased to $0.90 from $0.82 in the prior year. The company also raised its 2022 guidance, reflecting the benefit of the Ball Metalpack acquisition.

Sonoco reported record third-quarter net sales of $1.42 billion, an increase of 7.8% compared to the previous year. GAAP earnings per diluted share were $1.12, up from $0.82 in 2020, including a net after-tax benefit of $0.21 per diluted share. Base earnings per diluted share were $0.91, exceeding the company's guidance.

Sonoco reported a GAAP net loss of $(3.34) per diluted share for Q2 2021, primarily due to pension settlement charges. However, base earnings were $0.84 per diluted share, within the company's guidance range. Net sales increased by 11% to $1.38 billion, driven by volume/mix improvements and higher selling prices.

Sonoco reported a 3.8% increase in net sales to $1.35 billion and GAAP earnings per diluted share of $0.71. The company faced challenges from severe winter weather and global supply chain disruptions but benefited from productivity gains and improved volume/mix. Cash flow from operations increased by 58% year-over-year.

Sonoco's fourth-quarter net sales were $1.38 billion, up from $1.31 billion in 2019. Base earnings for the quarter were $0.82 per diluted share, compared with $0.75 in 2019. The company achieved record cash flow from operations and free cash flow in 2020.