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Sonoco
🇺🇸 NYSE:SON
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Mar 30

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.

Total Revenue
$1.71B
Previous year: $1.64B
+4.4%
EPS
$1.38
Previous year: $1.12
+23.2%
Adjusted Operating Profit
$213M
Previous year: $130M
+63.1%
Adjusted EBITDA
$338M
Previous year: $245M
+38.0%
Adjusted Net Income Attributable to Sonoco
$137M
Previous year: $111M
+22.7%
Gross Profit
$354M
Previous year: $338M
+4.8%
Cash and Equivalents
$192M
Previous year: $172M
+11.5%
Free Cash Flow
-$300M
Previous year: $80M
-475.3%
Total Assets
$12.7B
Previous year: $7.2B
+76.2%

Sonoco

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Sonoco 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.
  • Effects of tariffs, trade policy, and inflation could vary.
  • Challenges in global supply chains and potential changes in raw material prices and other costs could impact results.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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