XML 19 R5.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
Net sales $ 5,305,365 $ 5,441,426 $ 5,859,327
Cost of sales 4,166,132 4,238,857 4,634,009
Gross profit 1,139,233 1,202,569 1,225,318
Selling, general and administrative expenses 723,833 644,540 609,578
Restructuring/Asset impairment charges 65,370 47,909 52,385
(Loss)/Gain on divestiture of business and other assets (23,452) 78,929 0
Operating profit 326,578 589,049 563,355
Other (expenses)/income, net (104,200) 39,657 0
Non-operating pension costs 13,842 14,312 7,073
Interest expense 172,620 135,393 100,875
Interest income 27,570 10,026 4,527
Income from continuing operations before income taxes 63,486 489,027 459,934
Provision for income taxes 5,509 119,730 95,731
Income before equity in earnings of affiliates 57,977 369,297 364,203
Equity in earnings of affiliates, net of tax 9,588 10,347 14,207
Net income from continuing operations 67,565 379,644 378,410
Net income from discontinued operations 96,375 96,257 88,570
Net income 163,940 475,901 466,980
Net loss/(income) from continuing operations attributable to noncontrolling interests 180 (768) (284)
Net income from discontinued operations attributable to noncontrolling interests (171) (174) (259)
Net income attributable to Sonoco $ 163,949 $ 474,959 $ 466,437
Weighted average common shares outstanding:      
Basic (in shares) 98,637 98,294 97,991
Assuming exercise of awards (in shares) 653 596 741
Diluted (in shares) 99,290 98,890 98,732
Basic earnings per common share:      
Continuing operations (usd per share) $ 0.69 $ 3.85 $ 3.86
Discontinued operations (usd per share) 0.97 0.98 0.90
Basic earnings per share attributable to Sonoco (usd per share) 1.66 4.83 4.76
Diluted earnings per common share:      
Continuing operations (usd per share) 0.68 3.83 3.83
Diluted - attributable to Sonoco discontinued operations (usd per share) 0.97 0.97 0.89
Diluted earnings per share attributable to Sonoco (usd per share) $ 1.65 $ 4.80 $ 4.72