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Printing specialist raises 2022 guidance to reflect benefit of Ball Metalpack acquisition.
February 11, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
Sonoco reported financial results for its fourth quarter and full year, both ending Dec. 31, 2021. Fourth-quarter 2021 net sales were $1.44 billion, up from $1.38 billion in 2020. Gross profits were $263.6 million in the fourth quarter, a decrease of $11.1 million or 4.1%, compared with $274.8 million in the same period in 2020. Full-year 2021 net sales were $5.59 billion, compared to $5.24 billion in 2020. Full-year cash flow from operations was $298.7 million in 2021, compared with $705....
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