Industry News, Printers News

Sonoco Reports Strong 2Q 2022 Results

Net sales were a record $1.91 billion, an approximately 38% increase from last year's second quarter 2021 sales of $1.38 billion.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Sonoco reported financial results for its second quarter ended July 3, 2022. In the second quarter of 2022, net sales were a record $1.91 billion, an approximately 38% increase from last year’s second quarter 2021 sales of $1.38 billion. GAAP net income per diluted share was $1.33, compared with a loss of $(3.34) in the same period in 2021. Cash flow from operations was $184.5 million for the first half of 2022, compared with $102.0 million in the same period of 2021. Free cash flow ...

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