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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 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

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

BRIEF-Sonoco Announces Position As Joint Development Partner, Investor In Harvest Croo Robotics

* SONOCO - ANNOUNCED POSITION AS A JOINT DEVELOPMENT PARTNER AND INVESTOR IN ROBOTICS COMPANY HARVEST CROO ROBOTICS Source text for Eikon: Further company coverage: