Sonoco Products Company reported fourth-quarter 2024 net sales of $1.36 billion, a 2% increase year-over-year, excluding discontinued operations. Total Adjusted EBITDA grew 5% to $247 million, with the adjusted EBITDA margin expanding by 50 basis points to 14.9%.
Adjusted EPS for Q4 2024, excluding the loss from Eviosys, was $1.17, falling within the company's guidance range of $1.15 to $1.35. For the full year 2024, Sonoco achieved $834 million in operating cash flow, marking its second-best operating cash flow in history.
Looking ahead, Sonoco provided full-year 2025 guidance, projecting Adjusted EBITDA between $1.3 billion and $1.4 billion and Adjusted EPS in the range of $6.00 to $6.20. The company aims to reduce its net leverage ratio to 3.0X to 3.3X Net Debt/Adjusted EBITDA by the end of 2026, leveraging proceeds from divestitures and strong free cash flow.
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