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Selected quarterly financial data | 12 Months Ended
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Dec. 31, 2024
Selected Quarterly Financial Information [Abstract] |
Selected quarterly financial data | The following table sets forth selected quarterly financial data of the Company for the years ended December 31, 2024 and December 31, 2023:
(unaudited) | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
2024 |  |  |  |  |  |  |
Net sales | $ | 1,308,636 |  |  | $ | 1,278,801 |  |  | $ | 1,354,652 |  |  | $ | 1,363,276 |
Gross profit | 271,217 |  |  | 285,295 |  |  | 299,748 |  |  | 282,973 |
Net income/(loss) from continuing operations | 35,512 |  |  | 57,410 |  |  | 31,392 |  |  | (56,749) |
Net income from discontinued operations | 29,761 |  |  | 33,541 |  |  | 19,817 |  |  | 13,256 |
Net income/(loss) attributable to Sonoco | 65,177 |  |  | 90,811 |  |  | 50,921 |  |  | (42,960) |
Weighted average common shares outstanding: |  |  |  |  |  |  |
Basic | 98,498 |  |  | 98,671 |  |  | 98,683 |  |  | 98,700 |
Diluted | 99,159 |  |  | 99,241 |  |  | 99,267 |  |  | 98,700 |
Per common share: |  |  |  |  |  |  |
Basic Earnings/(Loss) Per Common Share: |  |  |  |  |  |  |
Continuing operations | $ | 0.36 |  |  | $ | 0.58 |  |  | $ | 0.32 |  |  | $ | (0.57) |
Discontinued operations | 0.30 |  |  | 0.34 |  |  | 0.20 |  |  | 0.13 |
Basic earnings/(loss) per share attributable to Sonoco | $ | 0.66 |  |  | $ | 0.92 |  |  | $ | 0.52 |  |  | $ | (0.44) |
Diluted Earnings/(Loss) Per Common Share: |  |  |  |  |  |  |
Continuing operations | $ | 0.36 |  |  | $ | 0.58 |  |  | $ | 0.31 |  |  | $ | (0.57) |
Discontinued operations | 0.30 |  |  | 0.34 |  |  | 0.20 |  |  | 0.13 |
Diluted earnings/(loss) per share attributable to Sonoco | $ | 0.66 |  |  | $ | 0.92 |  |  | $ | 0.51 |  |  | $ | (0.44) |
Cash dividends | $ | 0.51 |  |  | $ | 0.52 |  |  | $ | 0.52 |  |  | $ | 0.52 |
2023 |  |  |  |  |  |  |
Net sales | $ | 1,386,972 |  |  | $ | 1,337,589 |  |  | $ | 1,381,130 |  |  | $ | 1,335,735 |
Gross profit | 314,796 |  |  | 291,946 |  |  | 307,848 |  |  | 287,979 |
Net income from continuing operations | 121,954 |  |  | 84,638 |  |  | 111,946 |  |  | 61,106 |
Net income from discontinued operations | 26,310 |  |  | 30,111 |  |  | 19,112 |  |  | 20,724 |
Net income attributable to Sonoco | 148,319 |  |  | 114,649 |  |  | 130,749 |  |  | 81,242 |
Weighted average common shares outstanding: |  |  |  |  |  |  |
Basic | 98,167 |  |  | 98,325 |  |  | 98,337 |  |  | 98,349 |
Diluted | 98,615 |  |  | 98,872 |  |  | 98,912 |  |  | 99,164 |
Per common share: |  |  |  |  |  |  |
Basic Earnings Per Common Share: |  |  |  |  |  |  |
Continuing operations | $ | 1.24 |  |  | $ | 0.86 |  |  | $ | 1.14 |  |  | $ | 0.61 |
Discontinued operations | 0.27 |  |  | 0.31 |  |  | 0.19 |  |  | 0.21 |
Basic earnings per share attributable to Sonoco | $ | 1.51 |  |  | $ | 1.17 |  |  | $ | 1.33 |  |  | $ | 0.82 |
Diluted Earnings Per Common Share: |  |  |  |  |  |  |
Continuing operations | $ | 1.23 |  |  | $ | 0.86 |  |  | $ | 1.13 |  |  | $ | 0.61 |
Discontinued operations | 0.27 |  |  | 0.30 |  |  | 0.19 |  |  | 0.21 |
Diluted earnings per share attributable to Sonoco | $ | 1.50 |  |  | $ | 1.16 |  |  | $ | 1.32 |  |  | $ | 0.82 |
Cash dividends | $ | 0.49 |  |  | $ | 0.51 |  |  | $ | 0.51 |  |  | $ | 0.51 |

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1B Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 270 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/270/tableOfContent + Details
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