Financial Data and Key Metrics Changes - Revenue for Q2 2022 increased by 38% year-over-year, reaching $1.9 billion, marking the highest quarterly sales in the company's history [7][8] - Base earnings per share (EPS) grew to $1.76, an 89% increase compared to Q2 2021 [8][14] - Base EBITDA increased by 62% to $306 million, with a base EBITDA margin expansion of 230 basis points to 16% [15][18] - The company raised its full-year base EPS guidance to a range of $6.20 to $6.30 [9][23] Business Line Data and Key Metrics Changes - Consumer net sales grew by 66% to $990 million, with operating profit increasing by 114% to $139 million [19] - Industrial paper net sales increased by 20% to $727 million, marking the eighth consecutive quarter of record net sales, while operating profit grew by 57% to $94 million [20] - Metal packaging significantly contributed to growth, achieving a 21% operating profit margin due to strong price-cost performance [18] Market Data and Key Metrics Changes - Approximately 72% of net sales are generated in the U.S., with a negative impact of $44 million from foreign exchange and other factors [17] - Volume mix was negative 1% in the quarter, indicating stable demand conditions in consumer-oriented markets [16] Company Strategy and Development Direction - The company is focusing on optimizing its portfolio by aligning to fewer, larger businesses, with consumer packaging representing over 50% of its operations [28] - Investments in high-return capital projects are prioritized, with $325 million allocated for 2022, including significant investments in consumer and industrial businesses [31] - Sustainability initiatives are central to the company's mission, aiming to reduce greenhouse gas emissions by 25% by 2030 [32] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's performance and strategic initiatives, emphasizing the importance of operational excellence and supply chain management [34] - The company anticipates continued strong performance in defensive consumer markets, with expectations for price-cost dynamics to remain favorable [63] Other Important Information - The company is maintaining a conservative capital structure, expecting net debt to be well below 3x base EBITDA by the end of 2022 [22] - Despite strong operational performance, cash flow guidance remains unchanged due to uncertainties in supply chains and inflation impacts [24] Q&A Session Summary Question: What would it take to unlock working capital and outperform cash flow guidance? - Management noted that inflation trends and supply chain disruptions have impacted net working capital, but they are focused on improving asset efficiency [38][39] Question: Can you provide insight into normalized margins for the future? - Management indicated that while there are inflationary pressures, they remain bullish about future performance and margin improvements [40][42] Question: What is the outlook for industrial and consumer markets as the quarter progressed? - Management reported strong performance in the U.S. industrial market, while noting challenges in Europe and Asia due to supply chain issues [51][52] Question: Can you discuss the trajectory of price-cost benefits for the year? - Management expects a full-year price-cost benefit in the range of $250 million to $300 million, significantly higher than previous expectations [71][72] Question: How does the company view its capital allocation and share buybacks? - Management is evaluating capital allocation strategies, emphasizing a commitment to maintaining an investment-grade credit rating while returning capital to shareholders through dividends [69]

JUNE 22, 2022 SONOCO INVESTOR UPDATE BANK OF MONTREAL 2022 CHEMICALS & PACKAGING CONFERENCE Better Than Ever. FORWARD-LOOKING STATEMENTS/NON-GAAP FINANCIAL MEASURES Today's presentation contains a number of forward-looking statements based on current expectations, estimates and projections. These statements are not guarantees offuture performance and are subject to certain risks and uncertainties. Therefore, actual resultsmay differ materially. Information about the Company's use of non-GAAP financial measu ...

MAY 10, 2022 UBS SUSTAINABLE PACKAGING MATERIALS ESG VIRTUAL CONFERENCE Better Than Ever. Howard Coker Sonoco President and CEO FORWARD-LOOKING STATEMENTS/NON-GAAP FINANCIAL MEASURES Today's presentation contains a number of forward-looking statements based on current expectations, estimates and projections. These statements are not guarantees of future performance and are subject to certain risks and uncertainties. Therefore, actual results may differ materially. Information about the Company's use of non- ...

Financial Data and Key Metrics Changes - The company reported Q1 2022 GAAP earnings per share of $1.17 and base earnings of $1.85, exceeding the original guidance range by $0.50 and up $0.85 from the previous year [10][17] - Sales reached $1.771 billion, a 31% increase from the prior year, with base gross profit at $416 million, up $138 million year-over-year [15][30] - Operating profit increased by 72% to $261 million, resulting in a company-wide operating margin of 14.7% [16][33] Business Line Data and Key Metrics Changes - Consumer Packaging sales grew nearly 50%, with operating profits increasing by 113% due to the Metal Packaging acquisition and favorable price/cost results [30] - Industrial segment sales rose by almost 24%, with operating profits up nearly 39%, driven by price increases to cover inflation [31] - All other segments saw slight sales declines, but operating profit decreased by 22.6% due to divestitures and productivity impacts [32] Market Data and Key Metrics Changes - Volume mix for the company increased by $27 million or 2%, primarily driven by consumer segments, while Industrial segment volume mix decreased by $12 million or about 2% due to supply chain disruptions [18][19] - Selling prices increased year-over-year by $275 million, with nearly 60% of this increase in the Industrial segment [21] - Foreign exchange impacts were negative by $25 million, mainly due to a stronger U.S. dollar [22] Company Strategy and Development Direction - The company plans to invest approximately $325 million in capital projects for growth and margin improvements in core businesses [47] - Integration of the Metal Packaging acquisition is underway, with identified synergy opportunities expected to yield $20 million in cost savings by 2024 [46] - The company is focusing on automation strategies to address labor shortages and improve productivity [122] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong performance for 2022, despite potential normalization of consumer segment margins in Q2 [57] - Supply chain challenges and inflation are ongoing concerns, but the company is actively managing price/cost increases to offset these pressures [61][62] - The company remains committed to returning cash to shareholders, evidenced by a 9% increase in quarterly dividends [65] Other Important Information - The company took an asset impairment charge related to exiting its small industrial packaging operations in Russia, which generated approximately $25 million in annual revenue [54] - The company has a strong liquidity position, reflecting the net assets and debt associated with the Metal Packaging acquisition [37] Q&A Session Summary Question: What were the one-time cost benefits in Q1? - Management indicated that the one-time benefits were between $0.30 to $0.35 per share, primarily in the consumer sector [68][70] Question: What inflation expectations are being built into guidance? - Management noted that inflation expectations have increased, particularly for resin, which is now expected to rise by 18% to 20% [71][72] Question: How much of the EBITDA guidance increase was due to price/cost? - Most of the EBITDA increase was attributed to price/cost, with an expectation of around $125 million in positive price/costs for the year [80][81] Question: What is the outlook for demand elasticity? - Management noted that demand remains strong, particularly in the Industrial segment, despite some softness in select markets [92][96] Question: Can you clarify the healthcare portion of all other segments? - The ThermoSafe business performed well, but there was lower demand for specific medical products, which was an outlier [120][121] Question: What actions are being taken regarding labor shortages? - The company is implementing a comprehensive automation strategy to address labor shortages and improve productivity [122]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 SONOCO PRODUCTS COMPANY (Exact name of registrant as specified in its charter) South Carolina (State or other jurisdiction of incorporation or 1 N. Second St. Hartsville, South Carolina (Address of principal executive offices) 29550 (Zip Code) organization) 57-0248420 (I.R.S. Employer Identification No.) Telephone: (843) 383-7000 (Registrant ...

Sonoco Products Company (NYSE:SON) Q4 2021 Earnings Conference Call February 10, 2022 11:00 AM ET Company Participants Roger Schrum - Vice President, Investor Relations & Corporate Affairs Julie Albrecht - Vice President & Chief Financial Officer Howard Coker - President & Chief Executive Officer Rodger Fuller - Executive Vice President Conference Call Participants Mark Weintraub - Seaport Research George Staphos - Bank of America Adam Josephson - KeyBanc Ghansham Panjabi - Baird Josh Spector - UBS Mark Wi ...

SONOCO Better Packaging. Better Life" Better Than Ever Sonoco Fourth Quarter and Full-Year 2021 Results Investor Presentation February 2022 Forward-Looking Statements/Non-GAAP Financial Measures Today's presentation contains a number of forward-looking statements based on current expectations, estimates and projections. These statements are not guarantees of future performance and are subject to certain risks and uncertainties. Therefore, actual results may differ materially. Information about the Company's ...

Better Packaging Better (F.5) (G.6) Third Quarter 2021 Financial Results October 21, 2021 2 Forward-Looking Statements / Non-GAAP Financial Measures Today's presentation contains a number of forward-looking statements based on current expectations, estimates and projections. These statements are not guarantees of future performance and are subject to certain risks and uncertainties. Therefore, actual results may differ materially. Information about the Company's use of non-GAAP financial measures, why manag ...

Sonoco Products Co (NYSE:SON) Q3 2021 Earnings Conference Call October 21, 2021 11:00 AM ET Company Participants Roger Schrum - VP, IR & Corporate Affairs Julie Albrecht - VP & CFO Robert Coker - President, CEO & Director Rodger Fuller - EVP, Global Industrial & Consumer Conference Call Participants Adam Josephson - KeyBanc Capital Markets Mark Wilde - BMO Capital Markets George Staphos - Bank of America Merrill Lynch Ghansham Panjabi - Robert W. Baird & Co. Kyle White - Deutsche Bank Salvator Tiano - Seapo ...

Sonoco Products Company (NYSE:SON) Q2 2021 Earnings Conference Call April 22, 2021 11:00 AM ET Company Participants Roger Schrum – Vice President-Investor Relations Julie Albrecht – Vice President and Chief Financial Officer Howard Coker – President and Chief Executive Officer Rodger Fuller – Executive Vice President Conference Call Participants George Staphos – Bank of America Josh Spector – UBS Mark Wilde – Bank of Montreal Matt Krieger – Baird Adam Josephson – KeyBanc Kyle White – Deutsche Bank Salvator ...