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

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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.

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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Wall Street's Most Accurate Analysts Say Buy These 3 Materials Stocks Delivering High-Dividend Yields - Sonoco Prods (NYSE:SON), Scotts Miracle Gro (NYSE:SMG)

Sonoco (SON) reported earnings 30 days ago. What's next for the stock?

Why Is Sonoco (SON) Down 4.4% Since Last Earnings Report?

Sonoco (SON) gains from customer demand and strategic initiatives amid elevated costs.

Here's Why You Should Retain Sonoco (SON) in Your Portfolio

Recognized as a Next-Generation Leader in the Waste, Recycling and Organics Industry Recognized as a Next-Generation Leader in the Waste, Recycling and Organics Industry

Sonoco's Elizabeth Rhue Named to Waste360's 40 Under 40 Awards List for 2023

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.

Sonoco (SON) Q4 2022 Earnings Call Transcript

Sonoco's (SON) fourth-quarter earnings and revenues improve on a year-over-year basis.

Sonoco (SON) Earnings Beat Estimates in Q4, Revenues Lag

Sonoco (SON) delivered earnings and revenue surprises of 0.79% and 6.81%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Sonoco (SON) Tops Q4 Earnings Estimates

Company Achieves Record Annual Revenue, Operating Profit and Earnings per Share Company Achieves Record Annual Revenue, Operating Profit and Earnings per Share

Sonoco Reports Fourth Quarter and Full Year 2022 Results

Sonoco (SON) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Sonoco (SON) Earnings Expected to Grow: Should You Buy?

EAST LONGMEADOW, Mass.--( BUSINESS WIRE )--Northstar Recycling Company, LLC (“Northstar”), a national leader in sustainability-oriented managed waste and recycling solutions, today announced the acquisition of Sonoco Sustainability Solutions (“S3”), another asset-light managed service provider of customized waste diversion programs that operated over the last 17 years as a division of global packaging leader Sonoco (NYSE: SON). Both Northstar and S3 serve multi-facility manufacturers and distributors across the food, consumer packaged goods, and industrial sectors with a centralized solution to manage and divert industrial waste streams into beneficial reuse applications. Northstar is a portfolio company of Ridgemont Equity Partners, a middle market private equity firm. Financial terms of the transaction were not disclosed.

Northstar Recycling Acquires Sonoco Sustainability Solutions

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HARTSVILLE, S.C., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest global sustainable packaging companies, today announced upcoming investor events:

Sonoco Announces Upcoming Investor Events

The management team at Sonoco Products Company continues to oversee an enterprise that is growing sales, profits, and cash flows. The firm also made an interesting purchase that should add to its top and bottom lines moving forward.

Sonoco Products Company: Still Worthy Of Consideration

The Materials sector has had its fits and starts this year, but one mid-cap in the Packaging space sports significant alpha. After an earnings beat and a pair of capital investments, the growth outlook beyond next year, while uncertain, appears favorable for Sonoco.

Sonoco Products: Improving Free Cash Flow, Solid Dividend Growth Value Stock

HARTSVILLE, S.C., Dec. 15, 2022 (GLOBE NEWSWIRE) -- For the second year in a row, Sonoco (NYSE: SON) earns a Gold Medal rating from EcoVadis, a leading environmental, social and ethical review agency for global supply chains. This result placed Sonoco among the top 5% of more than 100,000 organizations reviewed worldwide.

Sonoco Ranked “Gold” by EcoVadis in 2022 for the Second Consecutive Year

HARTSVILLE, S.C., Dec. 09, 2022 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), a diversified global packaging leader, announced today that Steven L. Boyd has been appointed to its Board of Directors.

Steven L. Boyd Appointed to Sonoco Board of Directors

Sonoco (SON) Up 2.3% Since Last Earnings Report: Can It Continue?

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Sonoco (SON) is a Top-Ranked Value Stock: Should You Buy?

ARLINGTON HEIGHTS, Ill., Nov. 22, 2022 (GLOBE NEWSWIRE) -- Sonoco ThermoSafe, a unit of Sonoco (NYSE:SON) and one of the largest global providers of temperature assurance packaging, and LATAM Cargo, an international cargo airline with headquarters in Santiago de Chile, are pleased to announce a global lease agreement for the new Pegasus ULD® temperature-controlled bulk shipping container. The agreement enables pharmaceutical freight forwarders access to Pegasus ULD® containers directly from LATAM Cargo.

Sonoco ThermoSafe and LATAM Cargo Sign Global Master Lease Agreement

Sonoco (SON) plans to address growing demand for corner posts in Europe by unveiling a facility in Turkey.

Sonoco (SON) to Open Plant in Turkey to Boost Sonopost Output

BRUSSELS, Belgium, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), a global leader in diversified packaging, plans to further expand Sonopost® cornerpost manufacturing in Europe. A new protective packaging production facility is set to open in Bursa, Turkey in November, one year after Sonoco established the first Sonopost® operation in Sochaczew, Poland.

Sonoco Further Expands Sonopost® Cornerpost Manufacturing with New Facility in Turkey

WestRock

ATLANTA--(BUSINESS WIRE)--WestRock Company [NYSE: WRK], a leading provider of sustainable paper and packaging solutions, today announced it has entered into a definitive agreement to wholly divest its ownership interest in RTS Packaging, LLC, to joint venture partner Sonoco Products Company [NYSE: SON] for $330 million, subject to customary price adjustments.

WestRock To Sell Ownership Interest in RTS Packaging, LLC to Sonoco; Agrees to Sell URB Mills in Illinois and Indiana to Ox Industries

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Sonoco Announces Agreement to Acquire Westrock's Remaining Interest in Joint Venture: RTS Packaging

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Sonoco Products Company (NYSE:SON ) Q3 2022 Results Conference Call November 1, 2022 8:30 AM ET Company Participants Lisa Weeks - Vice President of Investor Relations Robert Coker - President and Chief Executive Officer Robert Dillard - Chief Financial Officer Rodger Fuller - Chief Operating Officer Conference Call Participants Anthony Pettinari - Citigroup George Staphos - BofA Securities Adam Josephson - KeyBanc Capital Markets Mark Wilde - BMO Capital Markets Mark Weintraub - Seaport Research Partners Gabrial Hajde - Wells Fargo Securities Matthew Krueger - Robert W. Baird Kyle White - Deutsche Bank Operator Good day, and thank you for standing by.

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