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Sonoco Products Co (SON.N)

SON.N on New York Stock Exchange

51.74USD
24 Apr 2018
Change (% chg)

$-0.09 (-0.17%)
Prev Close
$51.83
Open
$52.14
Day's High
$52.21
Day's Low
$51.61
Volume
265,604
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176,796
52-wk High
$55.77
52-wk Low
$46.55

Latest Key Developments (Source: Significant Developments)

Sonoco Reports Q1 Core Earnings Per Share $0.74
Thursday, 19 Apr 2018 

April 19 (Reuters) - Sonoco Products Co ::SONOCO REPORTS STRONG FIRST QUARTER 2018 RESULTS.Q1 CORE EARNINGS PER SHARE $0.74.Q1 GAAP EARNINGS PER SHARE $0.73.Q1 SALES $1.3 BILLION VERSUS I/B/E/S VIEW $1.29 BILLION.Q1 EARNINGS PER SHARE VIEW $0.72 -- THOMSON REUTERS I/B/E/S.COMPANY RAISES FULL-YEAR GUIDANCE.SONOCO EXPECTS SECOND-QUARTER 2018 BASE EARNINGS TO BE IN THE RANGE OF $0.83 TO $0.89 PER DILUTED SHARE.FULL-YEAR 2018 OPERATING CASH FLOW GUIDANCE REMAINS IN RANGE OF $560 MILLION TO $580 MILLION.FULL-YEAR 2018 BASE EARNINGS PER DILUTED SHARE ARE EXPECTED TO BE IN A RANGE OF $3.22 TO $3.32.FIRST-QUARTER 2018 SALES FOR CONSUMER PACKAGING SEGMENT WERE $570 MILLION, COMPARED WITH $482 MILLION IN 2017.FULL-YEAR 2018 FREE CASH FLOW GUIDANCE REMAINS IN RANGE OF $180 MILLION AND $200 MILLION.FIRST-QUARTER 2018 SALES FOR PAPER AND INDUSTRIAL CONVERTED PRODUCTS SEGMENT WERE $461 MILLION, UP FROM $443 MILLION IN 2017.FY2018 EARNINGS PER SHARE VIEW $3.22 -- THOMSON REUTERS I/B/E/S.Q2 EARNINGS PER SHARE VIEW $0.82 -- THOMSON REUTERS I/B/E/S."OVERALL, WE'RE PROJECTING A STRONG Q2 FOR SONOCO"."WE STILL HAVE WORK TO DO TO MEET OUR GROWTH AND MARGIN IMPROVEMENT TARGETS IN 2018".  Full Article

Sonoco Increases Common Stock Dividend By 5.1 Percent
Wednesday, 18 Apr 2018 

April 18 (Reuters) - Sonoco Products Co ::SONOCO INCREASES COMMON STOCK DIVIDEND BY 5.1 PERCENT.SONOCO PRODUCTS CO - DECLARED A $.41 PER SHARE QUARTERLY COMMON STOCK DIVIDEND, A 5.1 PERCENT INCREASE FROM PREVIOUS QUARTERLY DIVIDEND.  Full Article

Sonoco Estimates 2018 Base EPS To Be In Range Of $3.00 TO $3.10
Friday, 1 Dec 2017 

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 

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 

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 Products Co entered into a three-year, $150 million term loan facility with Bank of America
Thursday, 16 Mar 2017 

Sonoco Products Co : Sonoco Products Co - on March 13, 2017, co entered into a three-year, $150 million term loan facility with Bank of America - SEC filing . Sonoco Products Co - full $150 million was drawn from this facility on March 13, 2017 .Sonoco Products - proceeds used to fund acquisition of Packaging Holdings Inc and subsidiaries, including Peninsula Packaging, Llc, on March 14, 2017.  Full Article

Cascades Sonoco invests $16 mln to expand Birmingham facility
Friday, 24 Feb 2017 

Cascades Inc : Cascades sonoco-announced investment of approximately $16 million for expansion of its existing Birmingham, Ala., facility .Cascades sonoco - installation of new equipment and expansion in facility will begin early this year, start-up is expected in q2 of 2018.  Full Article

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

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
Friday, 2 Sep 2016 

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
Friday, 2 Sep 2016 

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 Q1 Core Earnings Per Share $0.74

* Q1 EARNINGS PER SHARE VIEW $0.72 -- THOMSON REUTERS I/B/E/S