Sonoco Prod Stock Price, News & Analysis

Sonoco Products Company (NYSE: SON) announced the passing of Tomás López, CEO of Sonoco Metal Packaging EMEA, in Murcia, Spain. López was a prominent figure in the European can-making industry with a career spanning over four decades.

López began his career in 1980 with Mivisa Envases, rising to CEO in 2005 and building it into the largest food can producer in the Iberian Peninsula and Morocco. Following acquisitions by Crown Holdings (2014) and KPS Capital Partners (2021), the business became Eviosys under López's leadership, before being acquired by Sonoco in December 2024.

Rodger Fuller, Sonoco's Chief Operating Officer, has been appointed as Interim CEO of SMP EMEA to ensure leadership continuity and maintain the company's vision of building a global metal packaging enterprise.

Sonoco Products Company (NYSE: SON) has appointed Paul Joachimczyk as Chief Financial Officer, effective June 30, 2025. Joachimczyk brings extensive financial leadership experience from his previous roles as CFO at American Woodmark Corporation and VP of Finance at TopBuild Corp. He also held key positions at Stanley Black & Decker and GE's Healthcare and Capital Markets divisions. A certified CPA with a BBA in accounting from the University of Wisconsin-Milwaukee, Joachimczyk will replace Jerry Cheatham, who has served as Interim CFO since January 2025. Cheatham will assist in the transition through Q2 2025 Form 10-Q filing before moving to a senior finance leadership role within Sonoco.

Sonoco (NYSE: SON) has released its 2024 Corporate Sustainability Report, highlighting significant progress following the acquisition of Eviosys, Europe's leading metal packaging manufacturer. The integration added 6,300 employees and 45 facilities across EMEA, strengthening Sonoco's global sustainable packaging capabilities.

Key achievements include: a 9.6% reduction in energy use (exceeding 8% 2030 goal), implementation of 27 sustainability projects including solar installations and a 140 MW wind energy agreement with ENGIE, and a 2,400 metric ton reduction in CO₂ emissions through improved transport. Eviosys contributed with a 26.3% reduction in Scope 1 and 2 emissions and received an EcoVadis Platinum rating.

The company introduced innovative sustainable packaging solutions including the Rigid Paper Container, lightweight steel aerosols, and Eviosys' award-winning Ecopeel™ and Horizon™ products, advancing their circular economy initiatives.

Sonoco reported strong Q1 2025 financial results, with net sales increasing 30.6% to a record $1.7 billion. The company completed the $1.8 billion sale of its Thermoformed and Flexibles Packaging business to TOPPAN Holdings on April 1, 2025, using $1.5 billion to reduce debt.

Key highlights:

• Adjusted earnings per share rose 23% to $1.38
• Record Q1 adjusted EBITDA of $338 million, up 38%
• Consumer Packaging segment sales grew 83.4%
• Achieved $17 million in productivity savings
• Raised quarterly dividend to $0.53, marking 100 years of consecutive dividends

The company reaffirmed its 2025 guidance, targeting adjusted EPS of $6.00-$6.20 and adjusted EBITDA of $1.3-1.4 billion. Despite economic uncertainty, Sonoco remains confident in its transformed portfolio, with over two-thirds of sales now coming from consumer food packaging.

Sonoco, a global leader in high-value sustainable packaging, has announced its upcoming first quarter 2025 financial results schedule. The company will release its Q1 2025 results on Tuesday, April 29, 2025 after market close.

Key Details:

• Earnings Conference Call: Wednesday, April 30, 2025, at 8:30 a.m. Eastern Time
• Live audio webcast available on Sonoco Investor Relations website
• Webcast replay accessible for minimum 30 days post-call
• Telephone participants must pre-register to receive unique dial-in details and PIN

The presentation will include supporting materials and can be accessed through the company's investor relations portal. This quarterly earnings announcement demonstrates Sonoco's commitment to transparent shareholder communication and regular financial reporting practices.

Sonoco Products Company (NYSE: SON) has been named to USA TODAY's list of America's Climate Leaders 2025, a prestigious recognition presented by USA TODAY and Statista. The award, announced on April 22, 2025, acknowledges companies demonstrating strong environmental commitment.

To qualify, companies needed to meet specific criteria including: U.S. headquarters, minimum revenue of $50 million in 2023, independent emission reporting for Scope 1 and 2 (2021-2023), CDP rating of at least C if available, and a positive broader environmental record.

CEO Howard Coker emphasized Sonoco's commitment to sustainability and corporate responsibility, highlighting their simplified portfolio of sustainable metal and fiber packaging aimed at reducing environmental impacts.

Sonoco (NYSE: SON) has announced a quarterly dividend increase to $0.53 per share, raising the annual payout to $2.12 from $2.08. The dividend will be paid on June 10, 2025, to shareholders of record on May 9, 2025.

This marks Sonoco's 100th consecutive year of dividend payments, representing the 400th consecutive quarter since 1925. It's also the company's 42nd consecutive year of dividend increases. The current dividend yield is approximately 4.8%, more than double the S&P Mid-Cap 400 Index yield.

The company has generated $1.7 billion in operating cash flow over the past two years, which has been invested in growth and productivity improvements. While focusing on reducing leverage following the Eviosys acquisition, Sonoco maintains its commitment to shareholder returns through dividends.

Sonoco (NYSE: SON) has completed the sale of its Thermoformed and Flexibles Packaging business (TFP) to TOPPAN Holdings for approximately $1.8 billion on a cash-free and debt-free basis. The company will use the $1.5 billion in after-tax proceeds to reduce leverage.

The transaction involves the transfer of approximately 4,500 TFP employees to Toppan. This strategic move aligns with Sonoco's transformation goals toward becoming a simpler, stronger, and more sustainable company, with a focused portfolio in sustainable metal and fiber consumer and industrial packaging.

Goldman Sachs & Co. served as lead financial advisor to Sonoco, with RBC Capital Markets, as additional financial advisor. The company will report its first quarter 2025 financial results on April 29, 2025.

Sonoco Products Company (NYSE: SON) has achieved a significant recognition by being named one of America's Most Trustworthy Companies, securing the 11th position in the Transport, Logistics and Packaging sector. The ranking, compiled through a partnership between Newsweek and Statista, evaluated 700 companies across 23 industries.

The assessment was based on an independent survey of 25,000 U.S. respondents, generating over 100,000 evaluations from consumers, employees, and investors. Howard Coker, president and CEO, emphasized the company's founding principle from 1899: 'People Build Businesses by Doing the Right Thing,' which continues to guide their mission in innovative packaging solutions.

Notable companies joining Sonoco on the list include established brands like Fidelity, Harley-Davidson, GE, and Marriott International, as well as emerging companies such as In-N-Out Burger and Publix.