Edition:
United States

Sonoco Products Co (SON.N)

SON.N on New York Stock Exchange

54.54USD
18 Dec 2018
Change (% chg)

$-0.04 (-0.07%)
Prev Close
$54.58
Open
$54.91
Day's High
$55.38
Day's Low
$54.44
Volume
100,035
Avg. Vol
130,188
52-wk High
$58.60
52-wk Low
$46.55

Latest Key Developments (Source: Significant Developments)

Sonoco Sees FY 2019 Core SHR $3.47 TO $3.57
Friday, 7 Dec 2018 09:20am EST 

Dec 7 (Reuters) - Sonoco Products Co ::SONOCO PROVIDES UPDATE ON STRATEGY, ISSUES NEW FINANCIAL GUIDANCE.SONOCO RAISES 2018 BASE EPS.SEES FY 2019 CORE EARNINGS PER SHARE $3.47 TO $3.57.Q4 AND FULL-YEAR 2018 BASE EARNINGS GUIDANCE IS BEING RAISED TO $0.79 TO $0.85 AND $3.32 TO $3.38 PER DILUTED SHARE, RESPECTIVELY.GUIDANCE FOR 2018 FREE CASH FLOW HAS BEEN RAISED TO $250 MILLION TO $270 MILLION.AT MIDPOINT, 2019 CASH FLOW FROM OPERATIONS IS PROJECTED TO BE APPROXIMATELY $610 MILLION.FY2019 EARNINGS PER SHARE VIEW $3.51 -- REFINITIV IBES DATA.Q4 EARNINGS PER SHARE VIEW $0.78 -- REFINITIV IBES DATA.FY2018 EARNINGS PER SHARE VIEW $3.32 -- REFINITIV IBES DATA.SONOCO - 2019 MIDPOINT BASE EARNINGS TARGET ASSUMES $0.06/SHARE POSITIVE IMPACT FROM 2018 ACQUISITIONS AND $0.08/SHARE ADDITION FROM VOLUME/MIX GROWTH.SEES FULL-YEAR 2018 GAAP EARNINGS TO BE $3.09 TO $3.19 PER DILUTED SHARE.  Full Article

Sonoco’s Saunders to retire after nearly 30 years of service
Monday, 3 Dec 2018 04:05pm EST 

Dec 3 (Reuters) - Sonoco Products Co ::SONOCO’S SAUNDERS TO RETIRE AFTER NEARLY 30 YEARS OF SERVICE.SONOCO PRODUCTS CO - BARRY SAUNDERS, CFO, HAS ANNOUNCED HIS PLANS TO RETIRE AFTER NEARLY 30 YEARS WITH COMPANY, EFFECTIVE MARCH 1, 2019.SONOCO PRODUCTS - PLANS TO APPOINT JULIE ALBRECHT WHO WILL BE NAMED VP AND CFO, EFFECTIVE FOLLOWING SAUNDERS' RETIREMENT.  Full Article

Sonoco’S Hartsville Paper Operations Temporarily Shut Following Hurricane Florence Flooding
Tuesday, 18 Sep 2018 04:30pm EDT 

Sept 18 (Reuters) - Sonoco Products Co ::SONOCO’S HARTSVILLE PAPER OPERATIONS TEMPORARILY SHUT FOLLOWING HURRICANE FLORENCE FLOODING.SONOCO PRODUCTS CO - CERTAIN OPERATIONS REMAIN FLOODED AND HAVE EXPERIENCED DAMAGE WHICH COULD REQUIRE THOSE OPERATIONS TO BE DOWN FOR SEVERAL WEEKS.SONOCO PRODUCTS - DAMAGE FROM HURRICANE FLORENCE ALSO INTERRUPTED OPERATIONS AT THREE OF CO'S RECYCLING'S LOCATIONS IN NORTH CAROLINA.SONOCO PRODUCTS CO - EXPECTS TO INCUR REPAIR EXPENSES AT HARTSVILLE MANUFACTURING COMPLEX AND OTHER IMPACTED LOCATIONS.SONOCO PRODUCTS CO - EXPECTS TO INCUR INCREASED INPUT, OPERATIONAL AND SUPPLY CHAIN COSTS RELATED TO HURRICANE FLORENCE FLOODING.  Full Article

Sonoco Welcomes Robert Tiede As President And CEO
Monday, 2 Apr 2018 06:50am EDT 

April 2 (Reuters) - Sonoco Products Co ::SONOCO WELCOMES ROBERT C. TIEDE AS PRESIDENT AND CEO.TIEDE REPLACES RETIRING JACK SANDERS.  Full Article

Sonoco To Acquire Highland Packaging Solutions
Thursday, 22 Mar 2018 06:45am EDT 

March 22 (Reuters) - Sonoco Products Co ::SONOCO TO ACQUIRE HIGHLAND PACKAGING SOLUTIONS.SONOCO PRODUCTS CO - DEAL FOR ‍APPROXIMATELY $150 MILLION IN CASH​.SONOCO PRODUCTS CO - ACQUISITION OF HIGHLAND WILL BE ACCRETIVE TO EARNINGS IN 2018.SONOCO PRODUCTS CO - WHEN TRANSACTION IS COMPLETED, HIGHLAND'S FINANCIAL RESULTS WILL BE REPORTED WITHIN CO'S CONSUMER PACKAGING SEGMENT.  Full Article

Sonoco Products Co ‍Introduces Its New 20/20 Vision Targets​
Monday, 19 Mar 2018 06:50am EDT 

March 19 (Reuters) - Sonoco Products Co ::SONOCO PRODUCTS CO - ‍INTRODUCED ITS NEW 20/20 VISION TARGETS​.SONOCO PRODUCTS CO - 20/20 VISION TARGET OF GROWING ANNUAL REVENUE TO GREATER THAN $6 BILLION​.SONOCO PRODUCTS CO - ‍ NEW 20/20 VISION TARGET FOCUSED ON IMPROVING CURRENT EBITDA TO ABOUT 16 PERCENT OVER NEXT 3 YRS.  Full Article

Sonoco Products Says CEO Jack Sanders' Total FY 2017 Compensation Was $8.8 Mln
Friday, 16 Mar 2018 09:09am EDT 

March 16 (Reuters) - Sonoco Products Co ::SONOCO PRODUCTS SAYS CEO JACK SANDERS' TOTAL FY 2017 COMPENSATION WAS $8.8 MILLION VERSUS $10.2 MILLION IN FY 2016 - SEC FILING.  Full Article

Sonoco Reports Q4 Core Earnings Per Share $0.72
Thursday, 15 Feb 2018 06:45am EST 

Feb 15 (Reuters) - Sonoco Products Co ::SONOCO REPORTS FOURTH QUARTER AND FULL-YEAR 2017 RESULTS.Q4 CORE EARNINGS PER SHARE $0.72.Q4 GAAP EARNINGS PER SHARE $0.06.Q4 SALES ROSE 13.7 PERCENT TO $1.3 BILLION.BASE EARNINGS FOR THE FIRST QUARTER OF 2018 ARE ESTIMATED TO BE IN THE RANGE OF $0.69 TO $0.75 PER DILUTED SHARE.FOURTH-QUARTER 2017 SALES FOR CONSUMER PACKAGING SEGMENT WERE $554.2 MILLION, COMPARED WITH $485.0 MILLION IN 2016.FULL-YEAR 2018 BASE EARNINGS GUIDANCE HAS BEEN RAISED TO $3.16 TO $3.26 PER DILUTED SHARE.FOURTH-QUARTER 2017 SALES FOR PAPER AND INDUSTRIAL CONVERTED PRODUCTS SEGMENT WERE $471.1 MILLION, UP FROM $412.4 MILLION IN 2016.FY 2018 OPERATING CASH FLOW HAS BEEN RAISED TO A RANGE OF $560 MILLION TO $580 MILLION.Q4 EARNINGS PER SHARE VIEW $0.73, REVENUE VIEW $1.27 BILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $3.22 -- THOMSON REUTERS I/B/E/S.Q1 EARNINGS PER SHARE VIEW $0.72 -- THOMSON REUTERS I/B/E/S.FY 2018 FREE CASH FLOW HAS BEEN RAISED TO A RANGE OF $180 MILLION AND $200 MILLION.SONOCO - INFLATIONARY COST PRESSURES IN FREIGHT, LABOR, ENERGY, MATERIAL COSTS REQUIRING TO RAISE PRICES FOR MANY PRODUCTS STARTING THE YEAR.SONOCO SAYS NEGATIVE TRENDS IN PACKAGED FOOD AND GROCERY STORE SALES COULD REMAIN A HEADWIND.SONOCO - QTRLY GAAP EARNINGS INCLUDE AFTER-TAX CHARGES OF $67.8 MILLION, OR $0.67 PER SHARE INCLUDING CHARGES RELATED TO U.S. TAX CUTS AND JOBS ACT.  Full Article

Sonoco Estimates 2018 Base EPS To Be In Range Of $3.00 TO $3.10
Friday, 1 Dec 2017 09:10am EST 

Dec 1 (Reuters) - Sonoco Products Co ::SONOCO ISSUES 2018 FINANCIAL GUIDANCE AND TARGETS STRATEGIC PRIORITIES.SONOCO PRODUCTS CO - COMPANY REAFFIRMS 2017 BASE EPS GUIDANCE.SONOCO PRODUCTS CO - ‍COMPANY TARGETS 10 PERCENT GROWTH TO 2018 BASE EPS​.SONOCO PRODUCTS CO - ESTIMATES 2018 BASE EARNINGS PER DILUTED SHARE TO BE IN RANGE OF $3.00 TO $3.10.SONOCO PRODUCTS CO - EXPECTS FULL-YEAR 2017 GAAP EARNINGS TO BE $2.27 TO $2.37 PER DILUTED SHARE.SONOCO PRODUCTS - ‍SAUNDERS NOTED SONOCO EXPECTS 2018 NET SALES TO BE ABOUT $5.3 BILLION, ESTIMATED INCREASE OF ABOUT 6 % FROM CO'S 2017 SALES FORECAST​.SONOCO PRODUCTS CO - PROJECTING TO GENERATE APPROXIMATELY $415 MILLION IN CASH FROM OPERATIONS IN 2017.SONOCO PRODUCTS -IN LONGER-TERM, TARGETING TO GROW TOP-LINE SALES TO GREATER THAN $6 BILLION & DRIVING IMPROVEMENT OF BASE EBITDA MARGINS TO 16 PERCENT.SONOCO PRODUCTS - ACCORDING TO CFO BARRY SAUNDERS, 2018 MIDPOINT TARGET FOR BASE EPS ASSUMES $.11 PER SHARE POSITIVE IMPACT FROM 2017 DEALS.SONOCO - EXPECTS TO GROW COMPOSITE CAN PRODUCTION CAPABILITY INTO EMERGING MARKETS, INCLUDING EXPANSION OVER NEXT FEW YEARS INTO THAILAND, SOUTH AFRICA.  Full Article

Sonoco President And Ceo Jack Sanders To Retire In April 2018
Tuesday, 28 Nov 2017 09:15am EST 

Nov 28 (Reuters) - Sonoco Products Co ::SONOCO PRESIDENT AND CEO JACK SANDERS TO RETIRE IN APRIL 2018; CHIEF OPERATING OFFICER ROB TIEDE NAMED CEO-ELECT.SONOCO PRODUCTS CO - ‍BOARD NAMED ROBERT C. TIEDE AS CEO-ELECT​.SONOCO PRODUCTS CO - ‍TIEDE WILL JOIN BOARD OF DIRECTORS UPON SANDERS' RETIREMENT​.  Full Article