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Sonoco Products Co (SON.N)

SON.N on New York Stock Exchange

53.11USD
20 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Sonoco reports Q3 GAAP earnings per share $0.72
Thursday, 19 Oct 2017 06:45am EDT 

Oct 19 (Reuters) - Sonoco Products Co :Sonoco reports third quarter 2017 results.Q3 core earnings per share $0.76.Q3 GAAP earnings per share $0.72.Q3 sales $1.32 billion versus I/B/E/S view $1.27 billion.Q3 earnings per share view $0.74 -- Thomson Reuters I/B/E/S.Sonoco Products Co - ‍Third-quarter 2017 sales for paper and industrial converted products segment were $483 million, up from $425 million in 2016​.Sonoco Products Co - Expects fourth-quarter 2017 base earnings to be in range of $0.68 to $0.74 per diluted share​.Sonoco Products Co - Qtrly sales for consumer packaging​ segment were a record $566 million, compared with $520 million in 2016.Sonoco Products Co - ‍Operating cash flow in 2017 is expected to be approximately $415 million, free cash flow in 2017 expected to be approximately $70 million​.Q4 earnings per share view $0.71 -- Thomson Reuters I/B/E/S.  Full Article

Sonoco reports Q2 core earnings per share $0.71
Thursday, 20 Jul 2017 06:50am EDT 

July 20 (Reuters) - Sonoco Products Co :Sonoco reports second quarter 2017 results.Q2 core earnings per share $0.71.Q2 gaap earnings per share $0.43.Q2 sales $1.24 billion versus I/B/E/S view $1.22 billion.Q2 earnings per share view $0.71 -- Thomson Reuters I/B/E/S.Sonoco Products Co - ‍full-year 2017 base earnings guidance is expected to be a range of $2.73 to $2.80​.Sonoco Products Co - ‍Sonoco expects third-quarter 2017 base earnings to be in range of $0.71 to $0.77 per diluted share​.Sonoco Products Co - sees ‍2017 operating cash flow and free cash flow approximately $445 million and $100 million, respectively​.Q3 earnings per share view $0.77 -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $2.77 -- Thomson Reuters I/B/E/S.Sonoco Products Co qtrly consumer packaging segment sales rose 2.0 percent.Sonoco Products Co qtrly paper and industrial converted products segment sales grew by 8.3 percent.  Full Article

Sonoco to acquire Clear Lam Packaging
Monday, 26 Jun 2017 08:00am EDT 

June 26 (Reuters) - Sonoco Products Co ::Sonoco to acquire Clear Lam Packaging Inc.Sonoco Products Co - deal for approximately $170 million in cash.  Full Article

Sonoco Products Q1 GAAP earnings per share $0.53
Thursday, 20 Apr 2017 06:55am EDT 

April 20 (Reuters) - Sonoco Products Co :Sonoco reports first quarter 2017 results.Q1 core earnings per share $0.59.Q1 GAAP earnings per share $0.53.Q1 sales $1.17 billion versus I/B/E/S view $1.17 billion.Q1 earnings per share view $0.60 -- Thomson Reuters I/B/E/S.Sonoco Products - full-year 2017 base earnings guidance has been updated to a range of $2.73 to $2.83.Sonoco Products - first-quarter 2017 sales for consumer packaging segment were $482 million, compared with $527 million in 2016.Sonoco Products - base earnings for Q2 of 2017 are estimated to be in range of $0.67 to $0.73 per diluted share.First-Quarter 2017 sales for paper and industrial converted products segment were $443 million, up from $423 million in 2016.Sonoco Products - 2017 operating cash flow and free cash flow are expected to be approximately $470 million and $125 million, respectively.Sonoco Products - Q1 2017 GAAP results included $0.06 per diluted share, after tax, in restructuring costs and acquisition-related expenses.Sonoco Products - actively exploring further growth opportunities through strategic acquisitions in consumer packaging and protective solutions.Q2 earnings per share view $0.71 -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $2.72 -- Thomson Reuters I/B/E/S.  Full Article

Sonoco Products increases common stock dividend by 5.4 pct to $0.39/share
Wednesday, 19 Apr 2017 11:44am EDT 

April 19 (Reuters) - Sonoco Products Co :Sonoco increases common stock dividend by 5.4 percent.Declared a $.39 per share quarterly common stock dividend, a 5.4 percent increase from previous quarterly dividend of $.37/ share.  Full Article

Sonoco reports Q4 earnings per share $1.04
Thursday, 9 Feb 2017 07:00am EST 

Sonoco Products Co - : Sonoco reports fourth quarter and full-year 2016 results . Q4 core earnings per share $0.62 . Q4 gaap earnings per share $1.04 . Q4 sales $1.14 billion versus I/B/E/S view $1.2 billion . Q4 earnings per share view $0.63 -- Thomson Reuters I/B/E/S . Sees Q1 2017 core earnings per share $0.55 to $0.63 . Full-Year 2017 base earnings has been revised to $2.66 to $2.76 per share, down $.02 from previous guidance issued in early december . Full-Year 2017 base earnings has been revised to $2.66 to $2.76 per diluted share . Q1 earnings per share view $0.67 -- Thomson Reuters I/B/E/S . FY2017 earnings per share view $2.79 -- Thomson Reuters I/B/E/S . Quarterly operating profit in our consumer packaging segment declined 15.4 percent from prior-year quarter . Q4 base earnings hurt by divestiture, fewer days, negative manufacturing productivity, higher labor, maintenance and other operating costs . Quarterly gross profit margins were essentially flat year-over-year, despite rising raw material costs . Year-over-year improvement in gaap earnings in Q4 driven by net after-tax gain of $49.3 million on disposal of blowmolding operations .Q4 2016 paper and industrial converted products sales were $412 million, down from $431 million in 2015.  Full Article

Sonoco Products announces uncoated recycled paperboard price update
Wednesday, 11 Jan 2017 04:05pm EST 

Sonoco Products Co : Sonoco Products says implementing a $60 per ton price increase for all grades of uncoated recycled paperboard (urb) in United States And Canada . Says previously announced a urb price increase of $40 to $60 per ton in october 2016 .Says it is revising increase for all grades to $60 per ton, effective with shipments beginning February 6, 2017.  Full Article

Sonoco Products says it has made "significant investment" in its high performance film core production equipment
Wednesday, 5 Oct 2016 06:30am EDT 

Sonoco Products Co :Co says it has made "significant investment" in its high performance film core production equipment.  Full Article

Sonoco agrees to sell rigid plastics blow molding operations to Amcor
Thursday, 1 Sep 2016 06:45pm EDT 

Sonoco Products Co : Sonoco agrees to sell rigid plastics blow molding operations to Amcor . To sell its rigid plastics blow molding operations to Amcor for $280 million .Transaction is subject to regulatory approvals in United States.  Full Article

Amcor announces acquisition of Sonoco speciality containers
Thursday, 1 Sep 2016 06:07pm EDT 

Amcor Ltd : Amcor announces acquisition of Sonoco speciality containers . Says acquisition price of US$280 million represents a multiple of 8.0 times LTM EBITDA . Announces agreement to acquire the North American rigid plastics blow molding operations of Sonoco Products Company . Acquisition expected to add US$50 million of PBIT to Amcor's rigid plastics segment at the end of the third full year of ownership . Total sales of specialty containers in diversified products business will be approximately US$750 million inclusive of the acquired business .Acquisition remains subject to regulatory approvals in the United States.  Full Article

BRIEF-Sonoco reports Q3 GAAP earnings per share $0.72

* Q3 earnings per share view $0.74 -- Thomson Reuters I/B/E/S