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SEC filingSonoco delivered bottom-line growth with net income up 24.2% to $67.6 million and EPS at $0.68 despite a 1.9% revenue decline to $1.7 billion, driven by productivity savings from fixed cost reductions and lower divestiture losses amid portfolio transformation.
Net income advanced 24.2% to $67.6 million, with diluted EPS rising 23.6% to $0.68, benefiting from the operating gains alongside lower interest expense and a favorable tax rate. This performance aligns with management's focus on operational excellence, where productivity measures improvements in manufacturing efficiency, automation, and cost reductions. Late last year, Sonoco completed its multi-year portfolio transformation strategy, creating a more focused operating structure to enable sustainable earnings growth, margin expansion, and efficient capital allocation. This shift is evident in reduced capital expenditures to $62.1 million from $92.7 million, signaling disciplined investment post-transformation.