Welcome to our dedicated page for Sonoco Prod news (Ticker: SON), a resource for investors and traders seeking the latest updates and insights on Sonoco Prod stock.
Sonoco Products Company reports recurring developments tied to its global packaging operations, including Consumer Packaging and Industrial Paper Packaging. News commonly covers quarterly and annual results, guidance, segment performance, portfolio simplification, capital allocation and common-stock dividends.
Company updates also address pricing for uncoated recycled paperboard, tubes, cores and converted paperboard products in North America and EMEA, along with capacity investments such as paper can production and nailed wood reel manufacturing. Sonoco news frequently connects these actions to demand in food, beverage, household, personal care, pharmaceutical, industrial and infrastructure-related packaging markets.
Sonoco (NYSE: SON) has announced a €60 per metric ton price increase for all grades of core board and paperboard in Europe, effective April 7, 2025. The price adjustment comes in response to two major challenges:
1. A general shortage of Old Corrugated Containers (OCC), the primary raw material in core board production, with rising prices in March and expected increases in April and beyond. The shortage is exacerbated by OCC exports from Europe tightening local supply.
2. Persistent high energy costs across Europe, with low gas storage levels and the need to replenish reserves over summer unlikely to support meaningful cost reductions.
KB Home (NYSE: KBH) has appointed Robert R. Dillard as Executive Vice President and Chief Financial Officer, effective March 31, 2025. Dillard joins from Sonoco Products Company where he served as CFO, overseeing net sales of $5.3 billion in 2024.
Dillard brings diverse experience, having previously held positions as President of Domtar Personal Care Europe and President of Stanley Hydraulics at Stanley Black & Decker. Chairman and CEO Jeffrey Mezger highlighted Dillard's combined operations and finance expertise, emphasizing his proven leadership and focus on driving profitability and returns.
Sonoco Products Company (NYSE: SON) has released its 2024 Annual Report to shareholders, highlighting a transformative year marked by strategic changes. The company announced two major developments: the acquisition of Eviosys, Europe's leading food cans manufacturer, and the sale of its Thermoforming and Flexible Packaging operations to TOPPAN Holdings Inc.
CEO Howard Coker emphasized 2024 as a milestone year in transforming Sonoco into a simpler, stronger, and more sustainable company. The company has positioned itself as a global leader in sustainable metal and fiber Consumer and Industrial Packaging.
The company's 2025 Annual General Meeting is scheduled for April 16, 2025, at 11 a.m. ET at the Performing Arts Center at Coker University, Hartsville, S.C. Additionally, Sonoco will announce its first quarter 2025 financial results on April 29, 2025, after market close, followed by a management conference call on April 30, 2025, at 8:30 a.m. ET.
Sonoco (NYSE: SON) has announced significant price increases across its paper packaging products. The company will implement a $70 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective April 10, 2025.
Additionally, Sonoco will raise prices for all converted paperboard products by a minimum of 8%, effective April 15, 2025. This increase affects paperboard tubes, cores, cones, partitions, protective packaging, and other specialty products.
The company cites continued inflation in input costs and tightening market conditions as reasons for the price adjustments. Sonoco is also transitioning to value-based pricing, moving away from old corrugated container price mechanisms to better reflect market conditions and operational costs.
Sonoco Products Company (NYSE: SON) has announced the appointment of Andrea White as Chief Human Resources Officer, who has also been elected as a corporate officer by the Company's Board of Directors. White, 50, joins the Company's Executive Committee and reports directly to Howard Coker, President and CEO.
With an 18-year tenure at Sonoco, White started as a Reliability Engineer and progressed through various roles including Global Maintenance Excellence Manager and Director of Global Sonoco Performance System and Organizational Development. In 2022, she became Vice President of Global Operational Excellence, overseeing Commercial Excellence and IT, before advancing to Vice President of Global Human Resources.
White holds a BS in Textile Engineering from N.C. State University (1996), is certified in Lean Manufacturing, and serves on the Florence Darlington Technical College Foundation Board.
Sonoco Products Company (NYSE: SON) reported its Q4 and fiscal year 2024 results, marking significant strategic developments. The company completed the acquisition of Eviosys, Europe's leading food cans manufacturer, on December 4, 2024, and entered an agreement to sell TFP to TOPPAN Holdings for $1.8 billion.
Key Q4 2024 results include:
- Net sales increased 2% to $1.4 billion
- GAAP net loss of $(43) million, or $(0.44) per diluted share
- Adjusted net income of $100 million, or $1.00 per diluted share
- Adjusted EBITDA of $247 million, up 4.6% year-over-year
For full-year 2024, the company generated operating cash flow of $834 million and Free Cash Flow of $456 million. Looking ahead to 2025, Sonoco projects:
- Adjusted EPS guidance of $6.00 to $6.20
- Operating cash flow of $800-900 million
- Adjusted EBITDA of $1,300-1,400 million
- Approximately 20% growth in adjusted net income
Sonoco (NYSE: SON) reported Q4 and full-year 2024 results, highlighting significant strategic moves including the acquisition of Eviosys and agreement to sell TFP to TOPPAN for $1.8 billion. Q4 showed mixed performance with:
- Net sales increased 2% to $1.4 billion
- GAAP net loss of $(43) million, or $(0.44) per diluted share
- Adjusted net income of $100 million, or $1.00 per diluted share
- Strong operating cash flow of $834 million for 2024
- Adjusted EBITDA of $247 million, up 4.6% year-over-year
For 2025, Sonoco projects approximately 20% growth in adjusted net income, with guidance for:
- Adjusted EPS of $6.00 to $6.20
- Operating cash flow of $750-850 million
- Adjusted EBITDA of $1,300-1,400 million
Sonoco (NYSE: SON) has announced its quarterly common stock dividend of $0.52 per share, payable on March 10, 2025, to shareholders of record as of February 26, 2025. This marks the company's 399th consecutive quarterly dividend payment and represents the 41st consecutive year of dividend increases. The dividend payment tradition dates back to 1925, spanning 99 years of consistent shareholder returns. Based on Sonoco's stock closing price on February 11, 2025, the dividend yield stands at approximately 4.4%, which is more than double the S&P 500 Index's dividend yield.
Sonoco (NYSE: SON) has announced its quarterly common stock dividend of $0.52 per share, payable on March 10, 2025, to shareholders of record as of February 26, 2025. This marks the company's 399th consecutive quarterly dividend payment, maintaining a 99-year tradition dating back to 1925. The announcement also represents Sonoco's 41st consecutive year of increasing its annualized dividend. Based on the February 11, 2024 closing price, the dividend yield stands at approximately 4.4%, which is more than double the S&P 500 Index's dividend yield.
Sonoco Products Company (NYSE: SON) has announced the election of Scott A. Clark to its Board of Directors as an independent member. Clark, 59, brings 28 years of executive experience from Michelin, where he most recently served as Executive Vice President and Member of Michelin's Group Executive Committee.
Clark's experience includes serving as Chairman and President of Michelin North America and holding various operations and marketing leadership roles across the U.S., France, and Singapore. His career began in consumer-packaged goods marketing at Ralston Purina and Ralcorp Holdings.
The new board member holds a BS in accounting and an MBA in marketing from Washington University's John M. Olin School of Business. He has previously served on boards including TBC , Michelin North America, and industry associations.