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Sonoco Products Co (SON.N)

SON.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Sonoco Q2 GAAP diluted earnings $0.55/share
Thursday, 21 Jul 2016 06:45am EDT 

Sonoco Products Co : Sonoco reports second quarter 2016 results .Q2 2016 GAAP earnings per diluted share were $0.55, compared with $0.63 in 2015..  Full Article

Sonoco Products Co gives Q2 2016 EPS guidance; reaffirms FY 2016 EPS guidance
Thursday, 21 Apr 2016 06:50am EDT 

Sonoco Products Co:Expects Q2 2016 base earnings to be in the range of $.65 to $.70 per diluted share.Says FY 2016 base earnings remain unchanged at the previously announced range of $2.64 to $2.74 per diluted share.  Full Article

Sonoco Products Co gives FY, Q1 2016 EPS guidance
Thursday, 11 Feb 2016 06:30am EST 

Sonoco Products Co:Projects FY 2016 base earnings to be in the range of $2.64 and $2.74 per diluted share, with a targeted mid-point of $2.69 per diluted share.Projects Q1 2016 earnings to be in the range of $.57 to $.62 per diluted share.  Full Article

Sonoco Products Co Says declared quarterly common stock dividend
Wednesday, 10 Feb 2016 12:21pm EST 

Sonoco Products Co:Says declared a $.35 per share quarterly common stock dividend.Approved amendments to the company's by-laws to provide eligible shareholders with new "proxy access" rights.  Full Article

Sonoco Products Co to offer European Coreboard Mill for sale 95,000-Ton facility Located in Schweighouse, France
Friday, 23 Oct 2015 09:35am EDT 

Sonoco Products Co:Says Its intention to offer for sale its Schweighouse-sur-Moder uncoated recycled coreboard mill in Alsace, France.Says has notified the local works council of this opportunity.  Full Article

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BRIEF-Sonoco implements price increases for some products in N.America

* Sonoco implementing price increases for all rigid paperboard containers in North America