Sonoco Products Q1 2023 Earnings Report

Sonoco Products EPS Results

• Actual EPS: $1.40
• Consensus EPS: $1.33
• Beat/Miss: Beat by +$0.07
• One Year Ago EPS: $1.85

Sonoco Products Revenue Results

• Actual Revenue: $1.73 billion
• Expected Revenue: $1.84 billion
• Beat/Miss: Missed by -$114.59 million
• YoY Revenue Growth: -2.30%

Sonoco Products Announcement Details

• Quarter: Q1 2023
• Date: 5/1/2023
• Time: After Market Closes

Sonoco Products (NYSE:SON) Company, together with its subsidiaries, designs, develops, manufactures, and sells various engineered and sustainable packaging products in North and South America, Europe, Australia, and Asia. The company operates Consumer Packaging and Industrial Paper Packaging segments. The Consumer Packaging segment offers round and shaped rigid paper, steel, and plastic containers; metal and peelable membrane ends, closures, and components; thermoformed plastic trays and enclosures; and high-barrier flexible packaging products. The Industrial Paper Packaging segment provides paperboard tubes, cones, and cores; paper-based protective packaging products; and uncoated recycled paperboard products. It also offers various packaging materials, including plastic, paper, foam, and other specialty materials. Sonoco Products Company sells its products in various markets, which include paper, textile, film, food, packaging, construction, and wire and cable. The company was founded in 1899 and is headquartered in Hartsville, South Carolina.