Feb. 17 at 2:03 AM
$SON Sonoco reports Q4 adjusted EPS
$1.05, consensus
$1.00
Reports Q4 revenue
$1.768B, consensus
$1.76B. "Our Sonoco team executed well despite a difficult macroeconomic environment, delivering strong operating results, reducing net debt by approximately 40% year-over-year and lowering the Company's net leverage ratio to approximately 3.0x," said Howard Coker, President and Chief Executive Officer. "In addition, we substantially concluded our portfolio transformation following the successful divestiture of ThermoSafe and further simplified our Consumer Packaging segment by consolidating our global Metal Packaging and Rigid Paper Containers businesses into a single integrated structure - driven geographically - which we believe enhances our consumer go-to-market strategy, focuses our technology expertise and drives additional synergies across our global channels."
