Sonoco Products Co 2024年度报告

FORM10-K ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the Fiscal Year EndedDecember31, 2024or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromtoCommission File Number:001-11261 SONOCO PRODUCTS COMPANY (Exact name of registrant as specified in its charter) South Carolina(State or other jurisdiction of incorporation ororganization)57-0248420(I.R.S. Employer Identification No.)1 N. Second St.Hartsville,South Carolina(Address ofprincipal executive offices)29550(Zip Code)Telephone: (843)383-7000(Registrant’s telephone number, including area code) Securities registered pursuant to Section12(b) of the Act:Title of each classTrading Symbol(s)Name of each exchange on which registeredNo par value common stockSONNew York Stock ExchangeSecurities registered pursuant to Section12(g) of the Act:None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☒No☐Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d) of the Act.Yes☐No☒ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15 (d)of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filingrequirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or such shorter period that the registrant was required to submit suchfiles).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” inRule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any newor revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.7262(b)) by the registered public accounting firm that prepared orissued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in thefiling reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required recovery analysis of incentive-based compensationreceived by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ As ofFebruary14, 2025, there were98,313,581shares of no par value common stock outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the Proxy Statement for the annual meeting of shareholders to be held onApril16, 2025, which statement shall be filed with the Securities andExchange Commission within 120 days after the end of the fiscal year to which this Report relates, are incorporated by reference in Part III. Item1.Business.Item1A.Risk Factors.Item1B.Unresolved Staff Comments.Item 1C.Cybersecurity.Item2.Properties.Item3.Legal Proceedings.Item4.Mine Safety Disclosures. Part IIItem5.Market for Registrant’s Common Equity, Related Stockholder Mattersand Issuer Purchases of Equity Securities.Item6.[Reserved]Item7.Management’s Discussion and Analysis of Financial Condition and Results of Operations.Item7A.Quantitative and Qualitative DisclosuresAbout Market Risk.Item8.Financial Statements and Supplementary Data.Item9.Changes in and DisagreementsWith Accountants on Accounting and Financial Disclosure.Item9A.Controls and Procedures.Item9B.Other Information.Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections. Part IIIItem10.Directors, Executive Officersand Corporate Governance.Item11.Executive Compensation.Item12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.Item13.Certain Relationships and Related Transactions, and Director Independence.Item14.Principal Accountant Fees and Services. Part IVItem15.Exhibits and Financial Statement Schedules.Item 16.Form 10-K Summary. SONOCO PRODUCTS COMPANYForward-Looking