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Stock impact report

Sonoco Reports First Quarter 2024 Results [Financial Post (Toronto, Ontario, Canada)]

Sonoco Products Company (SON) 
Last sonoco products company earnings: 4/16 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.sonoco.com/investor-relations-0
Company Research Source: Financial Post
HARTSVILLE, S.C., April 30, 2024 (GLOBE NEWSWIRE) — Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), one of the largest sustainable global packaging companies, today reported financial results for its first quarter ended March 31, 2024. Summary: Article content Generated $166 million of operating cash flow and $80 million of Free Cash Flow Achieved net income attributable to Sonoco of $65 million, Adjusted EBITDA of $245 million, diluted earnings per share of $0.66 and diluted Adjusted earnings per share of $1.12; higher productivity of $51 million partially offset price/cost pressures and lower volumes Completed the sale of Protective Solutions on April 1, 2024, as part of our strategy to simplify our portfolio and used the majority of the $82 million cash proceeds to pay down debt Revised Adjusted EPS and Adjusted EBITDA guidance to reflect the completed sale of Protective Solutions and reaffirmed operating cash flow guidance Increased the quarterly di Show less Read more
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