SONOCO PRODUCTS CO

Listed Company

SONCIK 0000091767NYSELarge AcceleratedPaperboard Containers & BoxesSouth CarolinaFY ends Dec 31

Period

FY 2025

Revenue

$7.52B

Net Income

$1.00B

Total Assets

$11.16B

Equity

$3.61B

Shares Out

98.87M

Op. Cash Flow

$689.78M

Business

SONOCO PRODUCTS CO is a global designer, developer, and manufacturer of highly engineered, sustainable packaging serving multiple end markets. It offers rigid packaging (paperboard, metal, and plastic), metal food cans, ends and closures, paperboard tubes, cores, cones and cans, partitions, paper-based protective materials, flexible and thermoformed components, and related packaging services and solutions. The company reports operations in three groups: Consumer Packaging, Industrial Paper Packaging, and All Other. Sonoco distributes products worldwide through its manufacturing plants, direct sales forces and customer service centers, shipping directly to customers or via warehousing as needed.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	7,519	5,305	5,441	7,251	5,590
Cost of sales	5,944	4,166	4,239	4,634	4,529
Gross profit	1,574	1,139	1,203	1,225	1,062
Selling, general and administrative expenses	862	724	645	610	558
Restructuring/Asset impairment charges, net	66	65	48	52	14
Gain/(Loss) on divestiture of business and other assets	372	−23	79	0	−3
Operating profit	1,018	327	589	563	487
Non-operating pension costs	12	14	14	7	568
Interest expense	233	173	135	101	—
Interest income	21	28	10	5	5
Other (expense)/income, net	−27	−104	40	0	0
Income from continuing operations before income taxes	765	63	489	460	−161
Provision for income taxes	184	6	120	96	−67
Income before equity in earnings of affiliates	582	58	369	364	—
Equity in earnings of affiliates, net of tax	10	10	10	14	11
Net income from continuing operations	591	68	380	378	—
Net income from discontinued operations	412	96	96	89	—
Net income	1,003	164	476	467	−83
Net (income)/loss from continuing operations attributable to noncontrolling interests	−375,000	180,000	−768,000	−284,000	—
Net income from discontinued operations attributable to noncontrolling interests	0	−171,000	−174,000	−259,000	—
Net income attributable to Sonoco	1,003	164	475	466	−85
Basic (in shares)	99	99	98	98	100
Assuming exercise of awards (in shares)	447,000	653,000	596,000	741,000	0
Diluted (in shares)	100	99	99	99	100
Continuing operations (usd per share)	5.96	0.69	3.85	3.86	—
Discontinued operations (usd per share)	4.16	0.97	0.98	0.9	—
Basic earnings per share attributable to Sonoco (usd per share)	10.12	1.66	4.83	4.76	−0.86
Continuing operations (usd per share)	5.93	0.68	3.83	3.83	—
Discontinued operations (usd per share)	4.14	0.97	0.97	0.89	—
Diluted earnings per share attributable to Sonoco (usd per share)	10.07	1.65	4.8	4.72	−0.86

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	378	431	139	227	171
Trade accounts receivable, net of allowances of $12,512 in 2025 and $10,989 in 2024	843	908	686	863	756
Other receivables	179	176	58	99	96
Inventories	1,121	1,016	—	—	—
Prepaid expenses	125	197	104	76	74
Current assets of discontinued operations	0	451	460	—	—
Total Current Assets	2,646	3,179	2,050	2,361	1,659
Property, Plant and Equipment, Net	2,798	2,719	1,663	1,710	1,298
Goodwill	2,512	2,526	1,298	1,675	1,325
Other Intangible Assets, Net	2,683	2,587	727	742	278
Deferred Income Taxes	54	17	31	30	26
Right of Use Asset-Operating Leases	307	308	233	297	268
Other Assets	161	209	206	238	220
Noncurrent Assets of Discontinued Operations	0	964	984	—	—
Total Assets	11,162	12,508	7,192	7,053	5,073
Payable to suppliers	1,084	1,131	538	819	721
Accrued expenses and other payables	639	464	265	296	291
Accrued wages and other compensation	139	141	64	110	90
Notes payable and current portion of long-term debt	538	2,055	39	502	—
Accrued taxes	129	7	11	17	12
Current liabilities of discontinued operations	0	242	248	—	—
Total Current Liabilities	2,529	4,038	1,165	1,744	1,526
Long-term Debt	3,789	4,985	2,998	2,720	—
Noncurrent Operating Lease Liabilities	263	259	193	251	234
Pension and Other Postretirement Benefits	178	181	143	120	158
Deferred Income Taxes	557	583	94	107	70
Other Liabilities	215	61	49	38	36
Noncurrent Liabilities of Discontinued Operations	0	114	118	—	—
Total Liabilities	7,531	10,222	4,760	—	—
Commitments and Contingencies (Note 18)	—	—	—	—	—
Serial preferred stock, no par value Authorized 30,000 shares 0 shares issued and outstanding as of December 31, 2025 and 2024	—	—	—	—	—
Common shares, no par value Authorized 300,000 shares 98,631 and 98,260 shares issued and outstanding as of December 31, 2025 and 2024, respectively	7	7	7	7	7
Capital in excess of stated value	192	183	159	141	120
Accumulated other comprehensive income/(loss)	37	−503	−366	−430	−359
Retained earnings	3,378	2,584	2,624	2,348	2,070
Total Sonoco Shareholders Equity	3,614	2,272	2,424	2,066	1,837
Noncontrolling Interests	18	15	7	7	12
Total Equity	3,632	2,286	2,432	2,073	1,850
Total Liabilities and Equity	11,162	12,508	7,192	7,053	5,073

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Asset impairments	13	17	26	21	−4
Depreciation and amortization	519	375	341	309	245
Share-based compensation expense	18	30	28	31	23
Net loss on foreign currency remeasurement	0	114	0	0	—
Cash dividends from affiliated companies	25	12	9	9	9
Net gain on disposition of assets	−23	−55,000	−66	−6	15,000
Net (gain)/loss on divestiture of business	−978	23	−57	0	3
Gain on remeasurement of investment in affiliated companies	0	−6	0	0	—
Pension and postretirement plan expense	18	17	17	11	596
Pension and postretirement plan contributions	−22	−20	−15	−37	−164
Net decrease in deferred taxes	−23	−56	−12	−10	−159
Trade accounts receivable	98	18	25	−2	−150
Inventories	−81	−13	343	−353	−130
Payable to suppliers	−88	124	−149	27	172
Prepaid expenses	42	−19	1	34	−13
Income taxes payable and other income tax items	126	−11	−28	6	−42
Accrued expenses and other assets and liabilities	51	75	−47	18	−13
Net cash provided by operating activities	690	834	883	509	299
Purchases of property, plant and equipment	−344	−393	−363	−329	−256
Cash received in final net working capital settlement of acquisition	17	—	—	—	—
Cost of acquisitions, net of cash acquired1	—	−3,794	−373	−1,427	−22
Proceeds from the sale of business, net	2,470	81	33	0	92
Proceeds from the sale of assets, net	47	16	80	10	13
Proceeds from settlement of net investment hedge	0	9	—	0	—
Cash settlement of forward contract	0	−34	0	0	—
Investments in affiliated companies and other net investing proceeds	6	10	3	5	—
Net cash provided/(used) by investing activities	2,196	−4,106	−619	−1,741	−166
Proceeds from issuance of debt	67	4,061	963	2,153	172
Principal repayment of debt	−2,831	−152	−1,113	−286	−628
Net (decrease)/increase in book cash overdrafts	−4	−9	6	−19	7
Payment of loan financing costs	0	−19	0	0	—
Payment of contingent consideration	0	−948,000	0	0	0
Dividends paid to noncontrolling interests	−243,000	0	0	0	−1
Cash dividends	−208	−203	−197	−187	−179
Payments for share repurchases	−11	−9	−11	−5	−218
Net cash (used)/provided by financing activities	−2,987	3,668	−352	1,294	−514
Effects of Exchange Rate Changes on Cash	36	−106	13	−5	−13
(Decrease)/Increase in Cash and Cash Equivalents	−65	291	−76	56	−394
Non-cash additions to property, plant and equipment	26	30	23	20	27
Interest paid, net of amounts capitalized	261	151	136	88	68
Income taxes paid, net of refunds	265	92	190	123	134

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro