Sonoco Products Company ( (SON) ) has released its Q4 earnings. Here is a breakdown of the information Sonoco Products Company presented to its investors.
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Sonoco Products Company, a global leader in sustainable packaging, serves various industries with innovative solutions through its extensive operations worldwide. In its latest financial results, Sonoco reported the acquisition of Eviosys, a leading European metal packaging manufacturer, and plans to sell its Thermoformed and Flexibles Packaging business to TOPPAN Holdings for $1.8 billion. The company’s financial performance showed a fourth-quarter adjusted EBITDA increase of 4.6% from the previous year, driven by procurement savings and production efficiencies, despite a GAAP net loss of $43 million. Sonoco’s Consumer Packaging segment saw an 18% increase in net sales due to the Eviosys acquisition, while the Industrial Paper Packaging segment faced challenges from price pressures. Looking ahead, Sonoco aims for approximately 20% growth in adjusted net income in 2025, focusing on integrating Eviosys and divesting non-core businesses to strengthen its core packaging operations and reduce leverage.
