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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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) delivered earnings and revenue surprises of 11.89% and 1.23%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Sonoco (SON) Beats Q3 Earnings Estimates

Company Increases Full-Year 2022 Earnings Guidance Company Increases Full-Year 2022 Earnings Guidance

Sonoco Reports Strong Third Quarter 2022 Results

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Sonoco (SON) possesses 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: What to Know Ahead of Next Week's Release

HARTSVILLE, S.C., Oct. 14, 2022 (GLOBE NEWSWIRE) -- How2Recycle has been the gold standard of on-product labeling for recyclability since 2008. Sonoco Alloyd has been pre-qualified to carry the How2Recycle label on the EnviroSense ®  PaperBlister™ packag e . The PaperBlister has been embraced by manufacturers, customers and consumers since its debut in 2019. The product has won multiple awards in recent years for smart design and innovative, sustainable features. The How2Recycle pre-qualification is the latest sustainable achievement for the PaperBlister™ and will allow Sonoco to continue helping brands meet their sustainability goals and expand on products' curbside recyclability.

EnviroSense® Paper Blister™ Pre-qualified for How2Recycle® Labeling

ARLINGTON HEIGHTS, Ill., Oct. 10, 2022 (GLOBE NEWSWIRE) -- Sonoco ThermoSafe, a unit of Sonoco (NYSE:SON), one of the largest global providers of temperature assurance cold chain packaging, is expanding its Orion Rental packaging program in Europe, adding an additional reclamation service station in Brussels.

Orion Rental Packaging Program Expansion Enables European BioPharma Companies to Increase Sustainability

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Company successfully reaches milestone to create a more sustainable future for 100-year-old Hartsville Mill Complex

Sonoco Launches New URB Machine as Part of Project Horizon

While the market has taken a beating in 2022, there are some names that stand out for outperformance. One name that continues to perform significantly better than the market as a whole is Sonoco Products Company ( SON , Financial).

Sonoco Products' Total Return Potential Is Tremendous

Sonoco Products' (SON) acquisition of Skjern is expected to be immediately accretive to both its earnings per share and cash flow.

Sonoco (SON) to Buy Skjern Paper to Expand Presence in Europe

HARTSVILLE, S.C., Sept. 28, 2022 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), a diversified global packaging leader, announced today it has entered into a definitive agreement to acquire S.P. Holding, Skjern A/S (“Skjern”), a privately owned manufacturer of paper based in Skjern, Denmark. The acquisition expands production capacity for customers and Sonoco converting operations throughout Europe and bordering regions. The estimated $88 million (675 million DKK) all-cash transaction has been unanimously approved by Sonoco's Board of Directors and is expected to be completed in the fourth quarter of 2022, subject to customary closing conditions.

Sonoco to Expand European Manufacturing with the Acquisition of Skjern Paper in Denmark

ARLINGTON HEIGHTS, Ill., Sept. 26, 2022 (GLOBE NEWSWIRE) -- Sonoco ThermoSafe, a unit of Sonoco (NYSE:SON) and one of the largest global providers of temperature assurance packaging, and United Cargo 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 United Cargo.

Sonoco ThermoSafe and United Cargo Sign Global Master Lease Agreement

ARLINGTON HEIGHTS, Ill., Sept. 21, 2022 (GLOBE NEWSWIRE) -- Sonoco ThermoSafe has announced a rapid expansion of the Pegasus ULD fleet accessible via a direct lease from Sonoco, or via the growing global network of strategic Partner Airlines and Freight Forwarders.

The Pegasus ULD Global Network Solidifies Change in Healthcare Air Freight

HARTSVILLE, S.C., Sept. 13, 2022 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), a diversified global packaging leader, today announced the appointment of Shawn Munday as the Vice President of Global Mergers and Acquisitions, reporting to Chief Financial Officer, Rob Dillard. Shawn will lead business development strategies, mergers and acquisitions (M&A), divestitures, and other strategic investment partnerships and activities on behalf of the Company.

Sonoco Announces New Vice President of Global Mergers and Acquisitions

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ARLINGTON HEIGHTS, Ill., Sept. 08, 2022 (GLOBE NEWSWIRE) -- Sonoco ThermoSafe, a unit of Sonoco (NYSE:SON) one of the largest global providers of temperature assurance packaging, and American Airlines Cargo, a trusted airline partner in transporting high-value, time and temperature sensitive shipments, are pleased to announce a global partnership lease agreement for the new Pegasus ULD® passive temperature-controlled bulk shipping container.

Sonoco ThermoSafe and American Airlines Sign Global Master Lease Agreement

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It's wise to invest in low-risk, high-return stocks like BCB Bancorp (BCBP), Sonoco (SON) and Otter Tail (OTTR) in a historically unpleasant September.

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HARTSVILLE, S.C., Aug. 31, 2022 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest global sustainable packaging companies, today announced that Sundaram Nagarajan, a member of the Board of Directors, has made the decision to step down from the Board, effective immediately.

Sonoco Announces Resignation of Board Member

Sonoco (SON) is executing price-increase actions in response to inflationary pressure in its business from escalating gas and electricity prices.

Sonoco (SON) Unit to Raise Tube and Core Prices in EMEA

Sonoco (SON) is executing price-increase actions in response to persistently rising costs for European energy.

Sonoco (SON) Unit to Hike Recycled Paperboard Prices in EMEA

BRUSSELS, Belgium, Aug. 22, 2022 (GLOBE NEWSWIRE) -- Sonoco-Alcore S.a.r.l. announces today that due to the continued escalation in the cost of European energy it will raise prices by €70 per tonne on all recycled paperboard grades sold in the Company's EMEA regions effective for shipments made on or after the 1st September 2022.

Sonoco-Alcore to Increase Paperboard Prices in the EMEA Region

Good things could be on the horizon when a stock experiences a golden cross event. How should investors react?

Sonoco (SON) Just Flashed Golden Cross Signal: Do You Buy?

HARTSVLLE, S.C., Aug. 09, 2022 (GLOBE NEWSWIRE) -- Sonoco Products Company (NYSE: SON), a diversified global packaging leader, is pleased to announce the promotion of Assistant Corporate Controller Aditya Gandhi to the newly created role of Chief Accounting Officer, effective immediately.

Sonoco Names Company's First Chief Accounting Officer

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

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

HARTSVLLE, S.C., Aug. 03, 2022 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest diversified global packaging companies, today released its 2021-22 Corporate Responsibility Report, renewing ambitious 2030 commitments to reduce greenhouse gas emissions and energy usage. The Science Based Targets align with the Paris Climate Agreement, which seeks to limit global warming temperatures well below -2 degrees Celsius above pre-industrial levels.

News for Sonoco Products Stock (SON)