Sonoco Products Company (NYSE:SON) Q4 2022 Earnings Conference Call February 9, 2023 8:30 AM ET

Company Participants

Howard Coker - President, Chief Executive Officer

Rob Dillard - Chief Financial Officer

Rodger Fuller - Chief Operating Officer

Lisa Weeks - Vice President, Investor Relations

Conference Call Participants

Kyle White - Deutsche Bank

George Staphos - Bank of America

Cleve Rueckert - UBS

Mark Weintraub - Seaport Research Partners

Adam Josephson - Keybanc Capital Markets

Matt Krueger - Baird

Anthony Pettinari - Citi

Gabe Hadje - Wells Fargo

Operator

Good day and thank you for standing by. Welcome to the Sonoco fourth quarter 2022 earnings conference call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question and answer session. To ask a question during the session, you will need to press star-one-one on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star-one-one again.

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, Investor Relations and Communications. Please go ahead.

Lisa Weeks

Thank you Operator, and thanks to everyone for joining us today for Sonoco’s fourth quarter 2022 and full year 2022 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 for the fourth quarter and we’ve prepared a presentation that we will reference during this call. The supplements and presentation are available online under the Investor Relations section of our website at www.sonoco.com.

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 website.

For today’s call, Howard will begin by covering a summary of 2022 performance. Rob will then review our detailed financial results for the fourth quarter and the full year and, along with Rodger Fuller, will discuss our guidance update for the first quarter and full year of 2023. Howard will then provide closing comments, followed by a Q&A session.