Sonoco Products Company (NYSE:SON) Q4 2022 Earnings Call Transcript

George Staphos: Hi guys. Just given that Adam segued that for us, just one quick one then. Why are you comfortable, or are you, that North America won’t see kind of a similar impact as you’re seeing in Europe in terms of your customers trying to get out of plastic to go to paper? Is it from their research or yours, the consumer here cares less, or is there more confidence about the sustainability merit of the plastic packages you and others are bringing to the market and maybe it’s something else? Thanks, and good luck in the quarter. Thanks for taking the last one quick.

Howard Coker: Yes George, I’d say I’m just going to wait and see here if the U.S. in totality follows the trends in Europe, but there’s just different–it’s a totally different environment right now, and I don’t know how to answer that. We are not seeing a lot of pressure right now, but these are fit for purpose solutions. We’ve got a lot more space and opportunity to either recycle and/or other options for waste streams. I’d just say just watch the space over time. Typically we do end up following what’s going on in Europe.

George Staphos: Yes, hopefully EPRs have a good benefit, too. All right, guys, I’ll turn it over. Thank you so much.

Operator: Thank you, and I’m showing no further questions at this time. I’d like to hand the call back over to Lisa Weeks for closing remarks.

Lisa Weeks: Thank you all for joining our call today, and if you have any follow-up questions regarding our results, please let us know. We look forward to giving you an update on our Q1 results in May and thank you all again, and have a wonderful day.

Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.