Howard Coker
President & Chief Executive Officer at Sonoco Products Company
The continued investment and pruning of certain lower profit businesses and markets we have grown EBITDA in North America by approximately 40% since 2020. And finally, the new Sonoco has become its cash generating engine producing approximately $1,700,000,000 in operating cash flow and $1,000,000,000 in free cash over the past two years. After investing in ourselves, our capital allocation strategy is focused on reducing leverage to between three times to 3.3 times net debt to adjusted EBITDA by the end of twenty twenty six, utilizing proceeds from divestitures, asset sales and our strong free cash flow. And finally, we expect to achieve an extraordinary one hundred consecutive years of returning cash to our shareholders in the form of sector leading dividends. Slide 19 is a graphic representation of what the new Sunoco is expected to achieve in 2025 along with our businesses and serve markets. We project sales will grow approximately 20% between $7,750,000,000 and 8 point or excuse me, dollars 8,000,000,000. Adjusted EBITDA is expected to grow approximately 30% to between $1,300,000,000 to $1,400,000,000 And cash flow from operations will remain strong between $800,000,000 and $900,000,000 Finally, our mix of business is further shifting to more consumer markets and our geographic reach will become more balanced around the world with more than half of our sales still occurring in The United States.
