Sonoco(US:SON)2022-08-14 18:17Financial Performance & Projections - Sonoco's projected sales for 2022 are between $7250 million and $7500 million, with a base EBITDA between $1125 million and $1150 million[7] - The company experienced year-over-year revenue growth of approximately 38% in Q2 2022[34] - Base earnings per share grew to $1.76 in Q2 2022, an 89% increase year-over-year[34] - Updated 2022 base EPS guidance increased by approximately 17%, from $5.25-$5.45 to $6.20-$6.30[28] Segment Performance (Q2 2022 vs Q2 2021) - Consumer Packaging net sales increased by 65.6%, from $598 million to $990 million, with base operating profit up 113.5%, from $65 million to $139 million[46] - Industrial Paper Packaging net sales increased by 19.5%, from $609 million to $727 million, with base operating profit up 57.5%, from $60 million to $94 million[46] - All Other net sales increased by 11.1%, from $176 million to $196 million, with base operating profit up 5.9%, from $16 million to $17 million[46] Strategy & Capital Deployment - The company is targeting approximately $180 million in annual EBITDA by 2026 through self-help actions[9, 10] - The 2022 capital budget is approximately $325 million, primarily funding high-ROIC organic growth initiatives[26] - The company returned cash to shareholders through dividends and stock repurchases[19]