Sonoco Reports Third Quarter 2024 Results

“Our third-quarter results were within expectations from seasonally higher Consumer Packaging demand and continued strong productivity,” said Sonoco’s President and CEO, Howard Coker. “Consumer and Industrial volumes were higher year-over-year and price/cost headwinds were persistent across both segments. Overall, we achieved strong prot margin and operating cash ow in the quarter from the solid execution of our global team.”

Summary:
*Achieved GAAP net income attributable to Sonoco of $51 million
*Generated productivity improvements of $39 million during the third quarter of 2024
*Generated $438 million of operating cash flow and $171 million of Free Cash Flow during the first nine months of 2024
*Entered into an agreement on June 24, 2024, to acquire Eviosys for approximately €3.6 billion
more at: https://s204.q4cdn.com/935421280/files/doc_news/Sonoco-Reports-Third-Quarter-2024-Results-2024.pdf

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