Overview Key strengths Key risks Leading market position in paperboard tubes, cores, and packaging. Acquisitions that could increase leverage. Vertically integrated operations and products in multiple substrates. Exposure to fluctuations in cardboard and other raw material costs. Strong end-market diversity with a global footprint. Changing consumer preferences regarding the use of plastic packaging. Sales growth of 29.7% was propelled primarily by the acquisition of Metal Packaging and a continued focus on passing through higher costs. Inflationary pressure affected the industry, including nearly all costs such as raw materials, labor, freight, and energy. Sonoco ?s strategic pricing efforts associated with its commercial excellence strategy and cost-saving initiatives resulted in a price/cost benefit of $340 million. S&P Global Ratings-adjusted EBITDA increased 31.8%
