Sonoco reports Q4 adjusted EPS $1.27, consensus $1.21

Reports Q4 revenue $1.68B, consensus $1.77B. "2022 was a year of record performance and meaningful change at Sonoco. We are executing our focused portfolio strategy and are investing in our businesses to drive growth and profitability," said Sonoco’s President and CEO, Howard Coker. " Our talented teams executed well in dedication to our customers despite a challenging macro environment. We made further progress on our portfolio simplification strategy and invested in organic growth and accretive acquisitions in our larger, core businesses. This progress coupled with effective commercial excellence enabled a positive step change improvement in profitability for the company."