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.

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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.

SON inks sell agreement of its TFP Business for $1.8 billion to focus on core businesses and lower debt levels.

Sonoco Inks Agreement to Sell TFP Business to Focus on Core Business

Agreement reached on acquisition of Sonoco's TFP business as TOPPAN Group accelerates expansion of sustainable packaging business in Americas TOKYO , Dec. 18, 2024 /PRNewswire/ -- TOPPAN Holdings Inc. (TYO: 7911) (TOPPAN Holdings) has entered into an agreement with Sonoco Products Company (NYSE: SON) (Sonoco), a global leader in high-value sustainable packaging, to acquire Sonoco's Thermoformed & Flexible Packaging (TFP) business for approximately $1.8 billion on a cash-free and debt-free basis and subject to customary adjustments. This acquisition is highly complementary, combining the robust sales network, customer base, and solution development capabilities of Sonoco's TFP business in North and South America with the technical expertise and manufacturing capabilities of TOPPAN Group's global packaging business.

TOPPAN Holdings Acquires Sonoco's TFP Business

HARTSVILLE, S.C., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), a global leader in high-value sustainable packaging, today announced it has entered into an agreement to sell its Thermoformed and Flexibles Packaging business (“TFP”) to TOPPAN Holdings Inc. (“Toppan”) for approximately $1.8 billion on a cash-free and debt-free basis and subject to customary adjustments (the “Transaction”).

Sonoco Completes Strategic Review, Announces Agreement to Sell Thermoformed and Flexibles Packaging (TFP) Business to TOPPAN Holdings Inc.

SON closes the previously announced acquisition of Eviosys, which will now operate under its Consumer Packaging segment.

Sonoco Boosts Portfolio With the Completion of Eviosys Buyout

Sonoco Products' shares have underperformed, declining 8% over the past year, but recent strategic moves and cost reductions make it a buy opportunity. SON is acquiring Eviosys and divesting smaller units, aiming to improve its product mix and capitalize on sustainability trends. Sonoco's productivity gains and favorable demand trends in paper packaging support a positive outlook, with expected EPS growth and a secure 4% dividend yield.

Sonoco Products: M&A Activity Should Support Shares In 2025 (Rating Upgrade)

Creates a Global Leader in Metal Food and Aerosol Can Manufacturing Advances Sonoco's Portfolio Transformation Strategy HARTSVILLE, S.C., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), a global leader in high-value sustainable packaging, today announced the close of its acquisition of Eviosys, Europe's leading food cans, ends and closures manufacturer, from KPS Capital Partners, LP (“KPS”).

Sonoco Completes Acquisition of Eviosys

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Shares of Sonoco Products Co SON have climbed more than 6% over the past five trading sessions.

Sonoco Targets Growth With Consumer Focus, European Expansion

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SON Q3 top line reflects the impacts of the Protective Solutions divestiture and the thermoformed food packaging plant closure.

Sonoco Earnings Surpass Estimates in Q3, Sales Decrease 2% Y/Y

Sonoco Products Company (NYSE:SON ) Q3 2024 Earnings Call Transcript November 1, 2024 8:30 AM ET Company Participants Lisa Weeks - VP of IR Howard Coker - President and CEO Rob Dillard - CFO Rodger Fuller - COO Conference Call Participants George Staphos - Bank of America Securities Ghansham Panjabi - Baird Matt Roberts - Raymond James Anthony Pettinari - Citi Mark Weintraub - Seaport Research Partners Gabe Hajde - Wells Fargo Operator Ladies and gentlemen, thank you for standing by. My name is Krista, and I will be your conference operator today.

Sonoco Products Company (SON) Q3 2024 Earnings Call Transcript

Sonoco (SON) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.46 per share a year ago.

Sonoco (SON) Q3 Earnings Top Estimates

HARTSVILLE, S.C., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), one of the largest sustainable global packaging companies, today reported financial results for its third quarter ended September 29, 2024.

Sonoco Reports Third Quarter 2024 Results

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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: What to Know Ahead of Q3 Release

HARTSVILLE, S.C., Oct. 15, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSE: SON) has declared a $0.52 per share quarterly common stock dividend. This dividend will be paid on December 10, 2024, to shareholders of record as of November 8, 2024.

Sonoco Declares Regular Quarterly Common Stock Dividend

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Are Investors Undervaluing Sonoco (SON) Right Now?

HARTSVILLE, S.C., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), a global leader in high-value sustainable packaging, today announced that it has priced an offering (the “Offering”) of senior unsecured notes in a combined aggregate principal amount of $1.8 billion (collectively, the “Notes”).

Sonoco Announces Pricing of $1.8 Billion of Senior Unsecured Notes

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Should Value Investors Buy Sonoco (SON) Stock?

SON initiates a review of the TFP business to drive higher returns with a leaner portfolio.

Sonoco Initiates Review of TFP Business to Simplify Portfolio

HARTSVILLE, S.C., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), a global leader in high-value sustainable packaging, today announced that it has initiated a review of strategic alternatives for the Company's Thermoformed & Flexible Packaging (“TFP”) business, a part of the Company's Consumer Packaging segment.

Sonoco Announces Review of Strategic Alternatives for the Thermoformed & Flexibles Packaging Business as Part of Further Portfolio Simplification

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