Sonoco Provides Investors with Strategy and Financial Update

Core Insights - Sonoco Products Company hosted an Investor Day to update investors on its value creation strategy, financial targets, and capital allocation plan [1] Financial Targets and Capital Allocation - Sonoco aims for approximately 200 basis points of margin expansion by 2028, translating to an incremental value of $150 million to $200 million [2] - The company targets adjusted EBITDA of approximately $1.5 billion by the end of 2028 and aims to expand adjusted EBITDA margins by around 200 basis points [6] - Cumulative cash flow from operations is targeted at approximately $2.5 billion from 2026 to 2028, with capital expenditures maintained at about 4% of sales during the same period [6] - Long-term net leverage is targeted to be below 2.5x by the end of 2028, with a commitment to return capital to shareholders through continued dividend payments and future share repurchases [6] Company Overview - Founded in 1899, Sonoco is a global leader in sustainable metal and paper packaging, with net sales of $7.5 billion in 2025 and approximately 22,000 employees across 265 operations in 37 countries [4] - The company emphasizes a culture of innovation and sustainability, aiming to provide better solutions for stakeholders [4]