Sonoco Products Company: A Story Of Strategic Reorganization & Market Positioning! 

Sonoco, a diversified global packaging company, displayed stable financial performance in its first quarter of 2024. With revenues hitting $1.6 billion and adjusted earnings per share at $1.12, the company’s resilience in managing operating costs and capital was transparent. A particularly strong note was the reported operating cash flow of $166 million, supported by effective working capital management. Additionally, the company’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at $245 million with a margin of 15%.