Record Top-Line and Adjusted EBITDA Performance
Net sales grew by 31% and adjusted EBITDA increased by 38%, with adjusted earnings up 23%, demonstrating strong top-line and EBITDA performance.
Consumer Segment Growth
Consumer segment adjusted EBITDA grew by 127%, driven by the Eviosys acquisition, strong volume mix from legacy metal and rigid paper can businesses, and a positive price-cost environment.
Debt Reduction and Balance Sheet Strengthening
Proceeds from the sale of the thermoform and flexible packaging business were used to reduce debt, achieving a net leverage of under 4x net debt to adjusted EBITDA.
Synergy Savings from Eviosys Integration
Integration efforts from the Eviosys acquisition produced strong synergy savings, with an expected $40 million in savings for 2025 on the way to a two-year target of $100 million.
U.S. Metal Packaging Performance
The U.S. metal packaging business witnessed a 10% organic volume mix improvement with strong growth in aerosols and food cans.
Dividend Increase
Sonoco's Board of Directors increased the quarterly dividend for the 42nd consecutive year, providing a strong yield of 4.6%.