Sonoco Q1 Revenue Miss, EPS Meets

Sonoco Products reported Q1 adjusted EPS $1.20, meeting estimates, but revenue $1.68bn missed consensus $1.71bn, down 1.9% YoY.
The company cut its full‑year adjusted EPS outlook to the low end of $5.80‑$6.20, citing inflation and weak demand.
Adjusted operating profit fell 5.6% to $201m and adjusted EBITDA dropped 18.1% to $277m, while cash flow used $368m.
CEO Howard Coker highlighted weather‑related disruptions, a South Carolina plant fire, and macro‑geopolitical headwinds despite price hikes and FX gains.