Sonoco Products Co (N:SON)
Business Focus: Paper Packaging
| Sector: Basic Materials | Industry: Paper Packaging |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | ONE NORTH SECOND ST P O Box 160 HARTSVILLE SC 29551-0160 |
| Tel: | 1-843-3837524 |
| Website: | https://www.sonoco.com |
| IR: | See website |
| Key People | ||
| Robert Howard Coker President, Chief Executive Officer, Director | Adam Wood Vice President Global Paper Products-Europe | Robert Dillard Chief Financial Officer |
| Sean Cairns President - Global Rigid Paper Packaging | Russell K. Grissett President - Global Flexible Division | James A. Harrell President - Global Industrial Paper Packaging |
| Ernest D. Haynes President - Metal Packaging business | Jeffrey S. Tomaszewski President - Diversified Businesses | Rodger D. Fuller Chief Operating Officer | John Michael Florence General Counsel, Secretary and Vice President/General Manager - Tubes and Cores, US & Canada |
| Business Overview |
| Sonoco Products Company is a sustainable global packaging company. The Company's segments include Consumer Packaging and Industrial Paper Packaging. The Consumer Packaging segment's products consist of rigid packaging (paper, metal, and plastic) and flexible packaging, primarily serving the consumer staples market focused on food, beverage, household, and personal products. Its rigid plastic products are comprised of thermoformed plastic trays and enclosures for fresh produce, condiments, and pre-packaged foods. Its flexible packaging is comprised of plastic packaging serving a variety of food and personal product applications. The Industrial Paper Packaging segment's products consist of goods produced from recycled fiber including paperboard tubes, cores, cones and cans; partitions; paper-based protective materials, and uncoated recycled paperboard. Its other businesses consist of a variety of packaging materials including plastic, paper, foam, and various other specialty materials. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Sonoco Products Co revenues decreased 6% to $6.78B. Net income increased 2% to $475M. Revenues reflect Industrial Paper Packaging segment decrease of 12% to $2.37B, Consumer Packaging segment decrease of 4% to $3.63B, United States segment decrease of 8% to $4.82B, Europe segment decrease of 4% to $921.3M, Asia Pacific segment decrease of 10% to $335.6M. |
| Employees: | 23,000 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $8,493M as of Dec 31, 2023 |
| Annual revenue (TTM): | $6,781M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,056M as of Dec 31, 2023 |
| Net annual income (TTM): | $474.96M as of Dec 31, 2023 |
| Free cash flow (TTM): | $322.43M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $2,931M as of Dec 31, 2023 |
| Shares outstanding: | 98,251,691 as of Feb 28, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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