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Free cash flow in 2020 was $349.3 million, compared with $74.3 million in 2019.
February 15, 2021
By: DAVID SAVASTANO
Editor, Ink World Magazine
Sonoco reported a strong 2020, and while sales were stable, free cash flow more than quadrupled. In its financial results for its fourth quarter and full year ending Dec. 31, 2020, fourth-quarter 2020 net sales were $1.38 billion, up from $1.31 billion in 2019. Full-year 2020 net sales were $5.24 billion, compared to $5.37 billion in 2019. Full-year cash flow from operations was $705.6 million in 2020, compared with $425.9 million in 2019. Free cash flow in 2020 was $349.3 million, compared wi...
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