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Sonoco Products Co. - SON STOCK NEWS

Welcome to our dedicated news page for Sonoco Products Co. (Ticker: SON), a resource for investors and traders seeking the latest updates and insights on Sonoco Products Co..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sonoco Products Co.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sonoco Products Co.'s position in the market.

News
Sonoco and ENGIE Announce 140 Megawatt Virtual Power Purchase Agreement – Output from Big Sampson Wind Project will be First Renewable Energy Project for Sonoco
Rhea-AI Summary
Sonoco Products Company (SON) and ENGIE North America announce a Virtual Power Purchase Agreement for the Big Sampson Wind Project in Texas. Sonoco plans to contract for 140 megawatts of electricity per year, representing a significant portion of its U.S. electricity consumption, aiming to reduce emissions by 25% by 2030.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.25%
Tags
none
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News
Sonoco Implementing Price Increase for Uncoated Recycled Paperboard in Europe
Rhea-AI Summary
Sonoco (SON) raises prices for uncoated recycled paperboard in Europe to counter higher input costs due to inflation and economic challenges.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.25%
Tags
none
-
News
Sonoco Hosts Investor Day 2024 and Announces Updated Long Term Targets
Rhea-AI Summary
Sonoco Products Company hosts its 2024 Investor Day in New York City to provide updates on its growth strategy and financial targets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.8%
Tags
none
News
Sonoco Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Sonoco Products Company (SON) reports strong financial results for Q4 and full year 2023, achieving record cash flow and operating profit. The company made strategic acquisitions, increased dividends, and focused on ESG commitments. Despite challenges, Sonoco remains optimistic about future growth and productivity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.11%
Tags
earnings
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News
Sonoco Declares Regular Quarterly Common Stock Dividend
Rhea-AI Summary
Sonoco (SON) declares a $0.51 per share quarterly common stock dividend, marking the 395th consecutive quarter of dividend payments since 1925. The dividend yield exceeds 3.5%, surpassing the S&P 500 Index.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.7%
Tags
dividends
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News
Sonoco Announces Uncoated Paperboard (URB) Mill Closure in Sumner, Washington
Rhea-AI Summary
Sonoco Products Company (NYSE: SON) announced the permanent closure of its uncoated paperboard mill operations in Sumner, Washington, impacting 55 employees. The decision is part of Sonoco's strategy to optimize its mill network and lower operating costs. The closure is expected to impact 55 employees, and Sonoco will offer severance benefits to the impacted employees.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.56%
Tags
none
News
Sonoco Announces Agreement for the Divestiture of its Protective Solutions Packaging Business as Part of Planned Portfolio Optimization Strategy
Rhea-AI Summary
Sonoco Products Company announced the sale of its Protective Solutions business to Black Diamond Capital Management, LLC for an estimated $80 million in cash. The transaction is expected to be completed in the first half of 2024, subject to customary closing conditions. The Protective Solutions business, with approximately 900 employees and net sales of approximately $170 million in 2023, is one of North America's premier manufacturers of molded expanded polypropylene and expanded polystyrene foam components and integrated material solutions serving various industrial end markets. Sonoco's President and CEO, Howard Coker, emphasized the company's strategic focus on divesting non-core assets and refocusing on core businesses to achieve greater scale, profitability, and market leadership.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.57%
Tags
none
-
News
Sonoco Announces Conference Call Discussing Fourth Quarter 2023 Results and 2024 Investor Day Meeting
Rhea-AI Summary
Sonoco Products Company, a global sustainable packaging company, will announce its fourth quarter 2023 and annual 2023 results on February 14, 2024, and host a conference call on February 15, 2024. They will also hold an Investor Day on February 22, 2024, in New York City.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.7%
Tags
earnings
-
News
Sonoco Implementing Price Increase for all Paperboard Converted Products
Rhea-AI Summary
Sonoco (SON) to Raise Price for Paperboard Products by Minimum of 6% in 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.28%
Tags
none
News
Sonoco Implementing Price Increase for Uncoated Recycled Paperboard
Rhea-AI Summary
Sonoco (SON) Implements $50 Price Increase for Uncoated Recycled Paperboard (URB) in US and Canada
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.23%
Tags
none
Stock SON logo
Sonoco Products Co.

NYSE:SON

SON Rankings

#1414 Ranked by Market Cap
#3231 Ranked by Stock Gains
#844 Ranked by Dividends

SON Stock Data

5.52B
97.15M
0.64%
79.2%
1.16%
Other Paperboard Container Manufacturing
Manufacturing
Link
United States
Hartsville

About SON

a global supplier of innovative packaging solutions, bringing more to packaging than just the package. about us: founded in 1899, sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. with annualized net sales of approximately $4.8 billion, we have 20,000 employees working in more than 300 operations in 33 countries, serving some of the world's best known brands in some 85 nations. for more information about us, visit www.sonoco.com. what we do: sonoco is the world's largest producer of paperboard containers, and a leading manufacturer of tubes and cores; convenience closures; consumer and industrial thermoformed plastic packaging; engineered molded and extruded plastic products; protective, temperature and retail assurance packaging. awards and accolades: third-party organizations regularly recognize us for our corporate citizenship. we've been listed in the dow jones sustainability