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Mar 30, 2025
Sonoco Q1 2025 Earnings Report
Sonoco reported financial results for the first quarter ended March 30, 2025.
Key Takeaways
Sonoco reported record first quarter net sales of $1.7 billion, up 30.6% year-over-year, driven by the acquisition of Eviosys. GAAP net income attributable to Sonoco decreased by 16.5% to $54 million, while adjusted net income attributable to Sonoco improved by 22.7% to $137 million. Adjusted EBITDA reached a record $338 million, an increase of 38.0%.
Grew first quarter net sales by 30.6% to a record $1.7 billion.
Reported first quarter GAAP net income attributable to Sonoco of $54 million, down 16.5% from the same period in 2024.
Improved adjusted net income attributable to Sonoco by 22.7% year over year to $137 million.
Achieved record first quarter adjusted EBITDA of $338 million, up 38.0% from the prior-year quarter.
Revenue by Segment
Forward Guidance
Sonoco reaffirmed its full-year 2025 guidance, expecting adjusted EPS of $6.00 to $6.20, cash flow from operating activities between $800 million and $900 million, and adjusted EBITDA between $1,300 million and $1,400 million.
Positive Outlook
- Reaffirmed full-year 2025 guidance for adjusted EPS, cash flow from operating activities, and adjusted EBITDA.
- Manufacturing network designed to serve local markets, reducing exposure to cross-border disruptions and tariff risks.
- Business model allows for pricing adjustments to manage higher input costs.
- Transformed portfolio is significantly more resilient with over two-thirds of sales from consumer food packaging.
- Strong cash generator despite seasonal working capital changes.
Challenges Ahead
- Guidance includes projected first quarter results from the TFP business, which was subsequently divested.
- Guidance excludes any impact of other potential divestitures.
- Economic uncertainty could impact actual results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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