Sonoco Products Co (NYSE:SON) Q1 2023 Earnings Conference Call May 2, 2023 8:30 AM ET
Company Participants
Lisa Weeks - VP of IR & Corporate Affairs
Robert Coker - President, CEO & Director
Robert Dillard - CFO
Rodger Fuller - COO
Howard Coker - President and CEO
Conference Call Participants
Ghansham Panjabi - Robert W. Baird & Co.
Anthony Pettinari - Citigroup
George Staphos - Bank of America Merrill Lynch
Mark Weintraub - Seaport Research Partners
Cleveland Rueckert - UBS
Kyle White - Deutsche Bank
Gabrial Hajde - Wells Fargo Securities
Operator
Good day, and thank you for standing by. Welcome to the First Quarter 2023 Sonoco Earnings Conference Call. [Operator Instructions]. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Lisa Weeks, Vice President of Investor Relations. Please go ahead.
Lisa Weeks
Thank You, operator, and thanks to everyone for joining us today for Sonoco's First Quarter 2020 Earnings Call. Joining me this morning are Howard Coker, President and CEO; Rob Dillard, Chief Financial Officer; and Rodger Fuller, Chief Operating Officer. Last evening, we issued a news release highlighting our financial performance the first quarter and we prepared a presentation that we will reference during this call. The press release and presentation are available online under the Investor Relations section of our website. As a reminder, during today's call, we will discuss a number of forward-looking statements based on current expectations, estimates and projections. These statements are not guarantees of future performance and are subject to certain risks and uncertainties. Therefore, actual results may differ materially. Please take a moment to review the forward-looking statements on Page 2 of the presentation.
Additionally, today's presentation includes the use of non-GAAP financial measures, which management believes provides useful information to investors about the company's financial condition and results of operations. Further information about the company's use of non-GAAP financial measures, including definitions as well as reconciliations to GAAP measures is available under the Investor Relations section of our web. After management's prepared remarks, we will host a Q&A session. If you will please turn to Slide 4 in our presentation. I will now turn the call over to our CEO, Howard Coker.
Robert Coker
Thank You, Lisa, and thanks to all of you for joining us today. As our first quarter results show, we've had a good start to the year. I'll let Rob cover the detailed financial results, but our commercial excellence programs and improving productivity are underpinned, but we consider a strong Q1 performance. As I mentioned before, we are not immune to the secular headwinds around our customers and the economy in general. But this demonstrates our better portfolio management and business mix provides less volatile results than in previous business cycles. We have a backlog of growth and efficiency investments that are material to future earnings. While we navigate near-term macro volatility, we're going to invest in the businesses and place our investments on projects with the highest returns for our shareholders.