Leading market position in paperboard tubes, cores, and packaging; Vertically integrated operations and product offerings in multiple substrates; Good breadth in end markets served under each product offering; Effective price-cost management; and Some exposure to cardboard and other raw material costs. Prudent financial policies; Consistent track record of strong free cash flow generation; and Appropriate use of cash for bolt-on acquisitions and potential shareholder rewards. S&P Global Ratings' outlook on Sonoco Products Co. is stable. We expect the company to continue to generate solid earnings and cash flow, reflecting in part the relatively recession-resistant demand in its consumer packaging segment, its good geographic diversity, and management's focus on pricing discipline and continued productivity improvements. We also expect management's financial policies
