Sonoco expects earnings of between $800 million and $900 million in 2025 to consolidate its global leadership position, but, in this case, expanded into metal packaging following the completion of the acquisition of Eviosys, Europe’s leading manufacturer of food cans, closures and closures, late last year.
Sonoco also said in a statement that it has entered into an agreement to sell TFP to TOPPAN Holdings, Inc. for approximately $1.8 billion. In addition, they reported a fourth quarter GAAP net loss attributable to Sonoco of $(43) million and adjusted net income attributable to Sonoco of $100 million. Removing the impact of the Eviosys acquisition, adjusted diluted earnings per share for the fourth quarter would have been $1.17.
The same release states that the company generated solid operating cash flow of $834 million and $456 million of Free Cash Flow in 2024 and generated adjusted EBITDA in the fourth quarter of $247 million, up 4.6% from the fourth quarter of the previous year.
Sonoco has also achieved strong productivity from acquisition savings, production efficiencies and fixed cost reduction initiatives of $41 million during the fourth quarter and $183 million by 2024. In addition, it has invested $378 million in growth and productivity projects during 2024 and anticipates approximately 20% growth in adjusted net income attributable to Sonoco.
SILGAN: mixed results in its 3Q2024 with a 4% rise in revenues
Sonoco closes the second quarter of 2024 with €1.6 billion in sales
Crown’s third quarter closes with slight increase in sales compared to last year
Crown to transfer $740 million in U.S. Pension Plan obligations.
Crown takes advantage of the sale of Eviosys by KPS
Silgan Holding’s sustained success: year-round profit growth
Constellium recorded an increase of 32%.
SILGAN’S NEW RECORD GROWTH EXPECTED TO BOOST PROFITS
