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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

HARTSVILLE, S.C., Jan. 06, 2022 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest sustainable global packaging companies, will host its regular quarterly investor conference calls on the below dates and times. Any updates to these reporting dates or times will be communicated in subsequent news releases.

Sonoco Announces Quarterly Conference Calls and Webcasts for 2022

Sonoco's (SON) latest acquisition provides it with a stable, low-cost recovered fiber supply to its mill facilities.

Sonoco's (SON) Arm Acquires American Recovered Paper Recycler

HARTSVILLE, S.C., Dec. 30, 2021 (GLOBE NEWSWIRE) -- Sonoco Recycling, a unit of Sonoco (NYSE: SON), one of the largest sustainable global packaging companies, today announced it has acquired American Recycling of Western North Carolina, a privately owned recovered paper recycler located in Asheville, N.C.

Sonoco Recycling Acquires American Recycling of Western North Carolina

Prudential Financial

STORE Capital

The S&P 500 Index is yielding a paltry 1.26% at the moment, making it difficult for investors needing high levels of income to simply jump into the index. From this average, it's also clear that the majority of S&P 500 stocks don't offer decend dividends at the moment.

3 Reasonably Valued Stocks With Market-Beating Yields

Sonoco's (SON) latest deal strengthens its global Paper Cans and Closures business and bolster its sustainable packaging portfolio with metal packaging.

Sonoco (SON) to Acquire Ball Metalpack, Boosts Metal Packaging

Sonoco Products Co (NYSE: SON) has entered into a definitive agreement to acquire Ball Metalpack, a manufacturer of sustainable metal packaging for food and household products and aerosol producer, for $1.35 billion in cash. Ball Metalpack is a joint venture owned by Platinum Equity (51%) and Ball Corp (NYSE: BLL).

Sonoco Products To Acquire Ball Metalpack For $1.35B

Packaging company Sonoco Products Co. SON, -1.49% said Monday it has agreed to acquire Ball Metalpack, a joint venture owned by Platinum Equity and Ball Corp. BLL, +0.49% for $1.35 billion in cash, before tax benefits estimated at about $180 million. Ball Metalpack is based in Broomfield, Colorado and was created in 2018 out of Ball Corp. to make tinplate food and aerosol cans, as well as closures and packaging components from eight facilities.

Sonoco to acquire tinplate food and aerosol can maker Ball Metalpack for $1.35 billion in cash

Ball

LOS ANGELES and WESTMINSTER, Colo., Dec. 20, 2021 /PRNewswire/ -- Platinum Equity and Ball Corporation (NYSE:BLL) today announced the signing of a definitive agreement to sell Ball Metalpack to Sonoco (NYSE: SON) in a transaction valued at approximately $1.35 billion.

Platinum Equity and Ball Corporation to Sell Ball Metalpack to Sonoco for $1.35 Billion

Acquisition Complements Sonoco's Largest Consumer Packaging Franchise

Sonoco Agrees to Acquire Ball Metalpack

Sonoco (SON) is optimistic about its five-year strategic growth goals, upbeat financial view for the current year and 2022, as well as efforts to meet sustainability targets.

Sonoco (SON) Initiates Five-Year Growth Plan, Provides '22 View

Sonoco Products Co (NYSE: SON) unit Sonoco ThermoSafe has signed a global partnership agreement with South Korean airline Asiana Airlines Inc for leasing the new Pegasus ULD temperature-controlled bulk shipping container. The financial terms were not disclosed.

Sonoco, Asiana Cargo Ink Lease Agreement For Pegasus ULD Container

ARLINGTON HEIGHTS, Ill., Dec. 13, 2021 (GLOBE NEWSWIRE) -- Sonoco ThermoSafe, a unit of Sonoco (NYSE: SON) and the leading global provider of temperature assurance packaging, and Asiana Airlines Inc., a South Korean airline headquartered in Seoul, are pleased to announce a global partnership agreement for leasing the new Pegasus ULD® temperature-controlled bulk shipping container. The agreement enables pharmaceutical freight forwarders access to Pegasus ULD® containers directly from Asiana Airlines.

Sonoco ThermoSafe and Asiana Cargo Sign Global Master Lease Agreement

ABM Industries

Aflac

Arrow Financial

Franklin Resources

Chubb

Cincinnati Financial

Community Trust Bancorp

Enterprise Bancorp

Expeditors International of Washington

First of Long Island

Johnson & Johnson

Mercury General

Altria

National Fuel Gas

Nucor

Old Republic International

Bank OZK

Polaris

SEI Investments

1st Source

Dividend Champions can form the cornerstone of any income-oriented portfolio, but most of us don't have enough time to analyze all 139 stocks thoroughly. To represent the trade-off between quality and price, we group the candidates into three categories, namely “Attractive Value”, “Expensive But Worth It” and “Best of Best”.

Dividend Champions On Sale - The December 2021 Heat Map

Strategy Targets $1 Billion in Annual EBITDA in Five Years

Sonoco Provides Strategic Overview and Issues 2022 Financial Guidance

HARTSVILLE, S.C., Dec. 06, 2021 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest diversified global packaging companies, will host a live virtual meeting for the financial community on Friday, December 10, 2021, starting at 8 a.m. ET.

Sonoco to Host Live Virtual Investor Conference on December 10, 2021

Sonoco's (SON) subsidiary plans to raise prices for all grades of tubes and cores in the EMEA region in response to the inflationary cost pressure.

Sonoco (SON) Unit to Raise Prices for Tubes & Cores in EMEA

Sonoco-Alcore S.a.r.l., wholly-owned by Sonoco Products Co (NYSE: SON), will raise prices by 10% on all tube and core grades sold in EMEA regions, citing inflationary pressure on the business.

Sonoco-Alcore To Hike Tube & Core Prices In EMEA Region

BRUSSELS, Belgium, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Sonoco-Alcore S.a.r.l. announced today that due to continued inflationary pressure on the business, it will raise prices by 10 percent on all tube and core grades sold in the Company's EMEA regions. The increase will be effective for all shipments made on or after the 13th December 2021.

Sonoco-Alcore to Increase Tube & Core Prices in the EMEA Region

Sonoco's (SON) deal with Tellus supports the companies' focus to provide sustainable packaging solutions to customers.

Sonoco (SON) Signs Deal to Expand Sustainable Packaging

Natrellis® packaging for refrigerated, frozen and prepared foods receives How2Recycle® label Natrellis® packaging for refrigerated, frozen and prepared foods receives How2Recycle® label

Sonoco Expands Focus on Sustainable Packaging, Adding Recyclable Molded Fiber Packaging for Frozen and Refrigerated Meals

ARLINGTON HEIGHTS, Ill., Nov. 17, 2021 (GLOBE NEWSWIRE) -- Sonoco ThermoSafe, a unit of Sonoco (NYSE:SON) and the leading global provider of temperature assurance packaging, and Singapore Airlines, a trusted partner in transporting high-value, time and temperature sensitive pharmaceutical cargo across the world, are pleased to announce a global partnership agreement for leasing the new Pegasus ULD® temperature-controlled bulk shipping container. The agreement enables pharmaceutical freight forwarders access to Pegasus ULD® containers directly from Singapore Airlines. Singapore Airlines and mutual clients will also have access to other Sonoco ThermoSafe containers as part of this agreement.

Sonoco ThermoSafe and Singapore Airlines Sign Global Master Lease Agreement

HARTSVILLE, S.C., Nov. 16, 2021 (GLOBE NEWSWIRE) -- Sonoco FRESH (Food Research Excellence for Safety and Health), a Sonoco and Clemson University initiative to develop new technologies and new forms of packaging to optimize the fresh food lifecycle, is pleased to host the second annual Food, Packaging & Sustainability Summit, March 2-4 at Clemson University.

Sonoco FRESH to Host Second Annual Food, Packaging & Sustainability Summit Mars, Walt Disney World Resort to Keynote

HARTSVILLE, S.C., Nov. 11, 2021 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest global diversified packaging companies, has once again been named a “Best for Vets” company by Military Times. One of 161 companies named to the list, Sonoco joins other well-known brands, including Kellogg Company, Johnson & Johnson, Deloitte and L'Oréal USA on the distinguished list.

Sonoco Again Named a “Best for Vets” Company

HARTSVILLE, S.C., Nov. 08, 2021 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest diversified global packaging companies, today announced it has acquired the assets of D&W Paper Tubes, Inc., a Chatsworth, GA-based manufacturer of sustainable industrial paper tubes and cores.

Sonoco to Acquire Assets of D&W Paper Tubes

HARTSVILLE, S.C., Nov. 02, 2021 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest diversified global packaging companies, today announced that Marcy Thompson, the Company's Vice President, Marketing and Innovation, intends to retire at the end of 2021. In addition, the Company announced the appointments of Ernest Haynes to Vice President, Rigid Paper Containers, North America, and Russell Grissett to Vice President, Global Flexible Packaging, effective November 1, 2021. Haynes and Grissett were both elected Corporate Officers by the Company's Board of Directors.

News for Sonoco Products Stock (SON)