Sonoco Products

Sonoco Products Co. engages in the manufacture of industrial and consumer packaging products and services. It operates through the following segments: Consumer Packaging, Paper and Industrial Converted Products, Protective Solutions, and Display and Packaging. The Consumer Packaging segment offers round and shaped rigid containers, fiber and plastic caulk and adhesive tubes, and aluminum, steel, and peelable membrane easy-open closures for paper and metal cans. The Paper and Industrial Converted Products segment produces recycled paperboard, chipboard, tubeboard, lightweight corestock, and boxboard. The Protective Solutions segment manufactures custom-engineered, paperboard-based, and molded foam protective packaging and components. The Display and Packaging segment consists of point-of-purchase displays, custom packaging, retail packaging, and supply chain management. The company was founded on May 10, 1899, and is headquartered at Hartsville, SC.

Earnings data Q1 2021

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q4 2023

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Earnings data Q4 2024

Sonoco Products reports robust Q4 earnings amidst cost challenges

Sonoco Products delivered strong financial results in Q4 2022, driven by revenue and earnings growth, despite facing margin and earnings headwinds.
The company's focus on consumer business strength, cost management, and strategic initiatives positions it well for future growth and stability.
Challenges related to price cost impacts and industrial volume declines are being addressed through efficiency improvements and market normalization strategies.
Opportunities for growth and margin enhancement exist through consumer volume expansion, cost reduction initiatives, and sustainability-focused solutions.

Sonoco Products reports strong Q1 performance amidst global challenges

Sonoco Products (SON) delivered a strong Q1 performance driven by commercial excellence programs and productivity improvements. While facing challenges such as global volume declines and uncertainty in European and Asian regions, the company remains focused on sustainable packaging solutions and operational enhancements. Opportunities lie in leveraging staple food products for Consumer growth and engaging with management for further insights.

Sonoco resilient in turbulent markets, affirms guidance amidst challenges

Sonoco navigated turbulent market conditions in Q2 2023 to deliver stable profitability and affirm guidance for the year.
Challenges from lower volumes and inflation were offset by strategic strengths in portfolio reshaping and operational efficiency.
Anticipated acquisitions and focus on growth areas present opportunities for Sonoco's future performance and resilience.
Despite challenges, Sonoco's commitment to ESG initiatives and strong cash generation underpin its strategic resilience and growth potential.

Sonoco Products beats Q3 profit expectations, focuses on growth

Sonoco Products delivered strong Q3 results, exceeding profit expectations through effective cost management and productivity.
While facing challenges in certain segments, Sonoco's strategic acquisitions and focus on core businesses position it for future growth.
Management's emphasis on cost control and strategic initiatives, along with increased guidance, reflects confidence in sustained performance and profitability.

Sonoco Products reports record cash flow and net sales in 2023, eyes growth through strategic initiatives

Sonoco Products navigated through volume challenges in 2023 to achieve strong financial performance, focusing on growth initiatives and margin improvement. The company anticipates addressing challenges such as inflationary pricing and lower demand while capitalizing on opportunities through strategic initiatives and synergies.

Sonoco impresses with strong Q1 earnings and strategic outlook

Sonoco's Q1 earnings call highlighted robust financials, strategic goals for the future, and successful divestitures and mergers. The company's focus on productivity, sustainability, and managing price-cost dynamics positions it well for growth and efficiency.

Sonoco Products reports resilient Q3 performance and strategic growth moves

Sonoco Products demonstrated resilience and growth in Q3 2024, leveraging strategic priorities to navigate challenges and capitalize on opportunities for long-term success.
The acquisition of Eviosys and review of strategic alternatives signal a proactive approach to enhancing shareholder value and strengthening Sonoco's market position.
Management's confidence in their strategy and commitment to operational excellence underscore a positive outlook for Sonoco's future performance and value creation.

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Sonoco Products Co. engages in the manufacture of industrial and consumer packaging products and services. It operates through the following segments: Consumer Packaging, Industrial Paper Packaging, and All Other. The Consumer Packaging segment offers round and shaped rigid containers, fiber and plastic caulk and adhesive tubes, and aluminum, steel, and peelable membrane easy-open closures for paper and metal cans. The Industrial Paper Packaging segment produces recycled paperboard, chipboard, tubeboard, lightweight corestock, and boxboard. The All Other segment consists of corporate expenses allocated as operating costs through the business segments. The company was founded on May 10, 1899, and is headquartered at Hartsville, SC.

Sonoco (SON) expects Q1 adjusted earnings per share (EPS) between $1.70 and $1.80, up from the prior guidance of $1.25-$1.35.

Sonoco (SON) Ups Q1 Guidance on Strong Demand & Price Recovery

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SON vs. ATR: Which Stock Is the Better Value Option?

SON vs. ATR: Which Stock Should Value Investors Buy Now?

Sonoco (SON) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in Sonoco (SON): Can Its 5.8% Jump Turn into More Strength?

Packaging company Sonoco Products co. SON, -1.12% raised its first-quarter guidance on Tuesday to reflect strong price and cost recovery across most of its businesses.

Sonoco raises Q1 adjusted EPS guidance to reflect strong price and cost recovery across businesses

HARTSVILLE, S.C., March 22, 2022 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest global sustainable packaging companies, today provided updated first-quarter 2022 earnings guidance and announced its earnings release date and investor conference call information.

Sonoco Raises First-Quarter 2022 Financial Guidance

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Strong demand for consumer-oriented products and the e-commerce boom will benefit the likes of PKG, GPK, SON and GEF in the Zacks Containers-Paper and Packaging industry despite the ongoing high input costs and supply chain headwinds.

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Annual Shareholders Meeting to be held April 20 Annual Shareholders Meeting to be held April 20

Sonoco Issues 2021 Annual Report

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Why Sonoco (SON) is a Top Momentum Stock for the Long-Term

KINGSEY FALLS, QC , Feb. 23, 2022 /PRNewswire/ - Cascades Sonoco, a joint venture between Cascades and Sonoco Product Company, today announced that its FlexSHIELD® coatings have received third party certification for compostability from TÜV Austria. Additionally, the coatings have achieved recyclability and repulpability certifications from the Fiber Box Association.

CASCADES SONOCO'S FLEXSHIELD® RECEIVES COMPOSTABILITY, RECYCLABILITY AND REPULPABILITY CERTIFICATION

HARTSVILLE, S.C., Feb. 23, 2022 (GLOBE NEWSWIRE) -- Cascades Sonoco, a joint venture between Cascades Inc. and Sonoco Products Company, today announced that its FlexSHIELD® coatings have received third party certification for compostability from TÜV Austria. Additionally, the coatings have achieved recyclability and repulpability certifications from the Fiber Box Association.

Sonoco's FlexSHIELD® Receives Compostability, Recyclability and Repulpability Certification

On 2/22/22, Sonoco Products will trade ex-dividend, for its quarterly dividend of $0.45, payable on 3/10/22.

Sonoco Products About To Put More Money In Your Pocket

HARTSVILLE, S.C., Feb. 17, 2022 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the most sustainable, diversified packaging companies, has again been selected as one of Barron's 100 Most Sustainable Companies in the United States. The Company's ranking jumped significantly this year, from 91st to 56th.

Sonoco Named to Barron's 100 Most Sustainable Companies List for Fourth Consecutive Year

HARTSVILLE, S.C., Feb. 14, 2022 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest global sustainable packaging companies, today announced that two members of the Company's Board of Directors will be leaving.

Sonoco Announces Changes to Board of Directors

Sonoco's (SON) Q4 earnings and revenues increase year over year on positive price/cost and higher selling prices implemented to counter cost inflation.

Sonoco (SON) Earnings & Sales Beat Estimates in Q4, Up Y/Y

Sonoco Products Company (SON) CEO Howard Coker on Q4 2021 Results - Earnings Call Transcript

Sonoco (SON) delivered earnings and revenue surprises of 1.12% and 4.30%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Sonoco (SON) Tops Q4 Earnings and Revenue Estimates

Company Raises 2022 Guidance to Reflect Benefit of Ball Metalpack Acquisition Company Raises 2022 Guidance to Reflect Benefit of Ball Metalpack Acquisition

Sonoco Reports Fourth-Quarter and Full-Year 2021 Results

Company Named No. 1 in Packaging, Container Industry Company Named No. 1 in Packaging, Container Industry

Sonoco Named to FORTUNE's World's Most Admired Companies List

LOS ANGELES and WESTMINSTER, Colo., Jan. 27, 2022 /PRNewswire/ -- Platinum Equity announced today that the sale of Ball Metalpack to Sonoco (NYSE: SON) in a transaction valued at approximately $1.35 billion has been completed.

Platinum Equity and Ball Corporation Complete Sale of Ball Metalpack to Sonoco for $1.35 Billion

Combination Further Expands Company's Sustainable Packaging Portfolio Combination Further Expands Company's Sustainable Packaging Portfolio

Sonoco Completes Acquisition of Ball Metalpack

HARTSVILLE, S.C., Jan. 26, 2022 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest diversified global packaging companies, announced today that its Prepared and Specialty Foods segment will raise prices for CPET (crystallized polyethylene terephthalate) thermoformed plastic trays and bowls by 9 percent. The increases will be applied individually and will be effective for shipments on or after March 1, 2022.

Sonoco to Raise Prices for CPET Plastic Trays and Bowls

Sonoco (SON) is executing price-increase actions in response to elevated raw material costs, inadequate supply of paperboard and ongoing market tightness.

Sonoco (SON) to Raise Tubes & Cores Prices in the US & Canada

HARTSVILLE, S.C., Jan. 24, 2022 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest sustainable global packaging companies, today announced the completion of its inaugural offering of green bonds to support the Company's sustainability strategy. The green bonds total $1.2 billion aggregate principal amount of unsecured notes, consisting of $400 million aggregate principal amount of 1.80% Notes due 2025, $300 million aggregate principal amount of 2.25% Notes due 2027, and $500 million aggregate principal amount of 2.85% Notes due 2032.

Sonoco Issues Inaugural Green Bonds to Expand Circular Economy Products

HARTSVILLE, S.C., Jan. 12, 2022 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest sustainable global packaging companies, today announced the successful pricing of its first green bonds to support the Company's sustainability strategy. The green bonds total $1.2 billion aggregate principal amount and consist of $400 million aggregate principal amount of 1.80% Senior Unsecured Notes due 2025, $300 million aggregate principal amount of 2.25% Senior Unsecured Notes due 2027 and $500 million aggregate principal amount of 2.85% Senior Unsecured Notes Due 2032. The offering is expected to close on January 21, 2022, subject to customary closing conditions.

News for Sonoco Products Stock (SON)