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Generated a record $883 million of operating cash flow and $600 million of free cash flow in the full year of 2023.
February 16, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
Sonoco Products Company reported financial results for its fourth quarter and fiscal year ended Dec. 31, 2023. Summary • Achieved second best full year results for adjusted EPS in the Company’s 125-year history • Generated a record $883 million of operating cash flow and $600 million of free cash flow in the full year of 2023 • Invested a record level of capital in the business for future growth and productivity • Achieved record results in operating profit and adjusted EBITDA in flexible...
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