Sonoco Products Co Q2 2023 Earnings Call Summary - Thomson StreetEvents

Sonoco Products Co Q2 2023 Earnings Call Summary

Sonoco Products Co Q2 2023 Earnings Call Summary - Thomson StreetEvents
Sonoco Products Co Q2 2023 Earnings Call Summary
Published Aug 01, 2023
13 pages (6764 words) — Published Aug 01, 2023
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of SON.N earnings conference call or presentation 1-Aug-23 12:30pm GMT

  
Brief Excerpt:

...A. For the second quarter, net sales were $1.7 billion, EBITDA was $275 million and adjusted earnings per share were $1.38. B. Most of our businesses were at or above expectations for the quarter due to commercial and operational excellence and productivity improvements. C. However, even though the -- through these turbulent times, we were able to deliver 16% of adjusted EBITDA in the quarter. D. While we're not satisfied with these results, our excellent cash flow and EBITDA margins reinforce the durability of our underlying profitability and integrity of our strategy. E. We continue to achieve strong results in most businesses in the portfolio, including meaningful improvement in rigid paper containers and all other and record results in flexibles. F. A few businesses were below expectations and meaningfully impacted the consolidated results, mainly Metal Packaging and Consumer and Industrial North America. G. Consolidated sales decreased to $1.7 billion. H. This sales decrease was primarily...

  
Report Type:

Brief

Source:
Company:
Sonoco Products Co
Ticker
SON.N
Time
12:30pm GMT
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
Thomson StreetEvents. "Sonoco Products Co Q2 2023 Earnings Call Summary" Aug 01, 2023. Alacra Store. May 11, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-Sonoco-Products-Co-Earnings-Call-B15662427>
  
APA:
Thomson StreetEvents. (2023). Sonoco Products Co Q2 2023 Earnings Call Summary Aug 01, 2023. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-Sonoco-Products-Co-Earnings-Call-B15662427>
  
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