April 29, 2025 Sonoco Reports First Quarter 2025 Results Hartsville, S.C., U.S. - Sonoco Products Company ("Sonoco" or the "Company") (NYSE: SON), a core mid-cap growth and value equity which is a global leader in high-value sustainable packaging, today reported financial results for the first quarter ended March 30, 2025. References in today's news release to consolidated "net sales," "operating profit," and "adjusted operating profit," and Consumer Packaging segment "segment operating profit" and "segment ...

Core Viewpoint - Sonoco Products Company reported strong financial results for Q1 2025, with significant growth in net sales and adjusted operating profit, despite challenges from discontinued operations and higher costs [1][6][7]. Financial Performance - Consolidated net sales reached $1.709 billion, a 31% increase from $1.309 billion in Q1 2024 [4][10]. - Operating profit rose to $127 million, up 75% from $73 million in the same period last year [4][10]. - Adjusted operating profit increased by 63% to $213 million, while adjusted EBITDA grew by 38% to $338 million [4][6]. - Net income attributable to Sonoco was $54 million, a decrease of 16% from $65 million in Q1 2024 [4][10]. Segment Performance - Consumer Packaging segment net sales surged by 83% to $1.067 billion, driven by the acquisition of Eviosys and volume growth in the U.S. [9][10]. - Industrial Paper Packaging segment net sales decreased by 6% to $558 million, impacted by volume declines and foreign currency exchange rates [15][10]. - The "All Other" segment saw a 37% decline in net sales to $85 million, primarily due to the divestiture of Protexic Solutions [12][10]. Strategic Actions - The company completed the $1.8 billion sale of its Thermoformed and Flexibles Packaging business, using approximately $1.5 billion of the after-tax proceeds to reduce debt [6][7]. - Sonoco raised its quarterly common stock dividend to $0.53, marking 100 consecutive years of dividend payments [6][7]. Guidance and Outlook - Sonoco reaffirmed its full-year 2025 guidance, projecting a 20% growth in adjusted net income and a 30% increase in adjusted EBITDA [6][18]. - The company emphasized its resilience and ability to manage risks associated with changing macroeconomic conditions, including tariffs and inflation [18][24].

Core Viewpoint - Sonoco Products Company is set to announce its first quarter 2025 results on April 29, 2025, and will host a conference call on April 30, 2025, to discuss these results [1][2]. Company Overview - Sonoco, founded in 1899, is a global leader in sustainable packaging, operating as a multi-billion-dollar enterprise with approximately 23,400 employees across 285 operations in 40 countries [4]. - The company focuses on value-added metal and fiber consumer and industrial packaging, serving well-known global brands [4]. - Sonoco is recognized for its commitment to sustainability and innovation, having been named one of America's Most Responsible Companies by Newsweek [4].