Paul Joachimczyk Sonoco Names Paul Joachimczyk Chief Financial Officer HARTSVILLE, S.C., June 17, 2025 (GLOBE NEWSWIRE) -- Sonoco Products Company (NYSE: SON), a global leader in value-added sustainable packaging, today announced that Paul Joachimczyk has been named Chief Financial Officer, effective June 30, 2025. “We are pleased to have Paul joining the Sonoco family. He is a highly accomplished financial executive with a proven track record of successfully leading financial functions for large multi ...

Core Insights - Sonoco Products Company (NYSE: SON) is viewed as a promising investment opportunity, particularly following its significant acquisition of Eviosys last summer, which has implications for the company's leverage strategy [1]. Group 1 - The company is part of the investing group "Value In Corporate Events," which focuses on identifying actionable investment opportunities related to major corporate events such as earnings reports, mergers and acquisitions, and IPOs [1]. - The service provides coverage of approximately 10 major events each month, aiming to find the best investment opportunities for its members [1]. - The acquisition of Eviosys is a key event that has influenced the company's financial strategy and market position [1].

Core Viewpoint - Sonoco Products Company (NYSE: SON) provides a range of highly engineered and sustainable packaging products for consumer and industrial companies across 40 countries, but its performance has not been particularly commendable [1] Group 1 - Sonoco operates in the packaging industry, focusing on engineered and sustainable products [1] - The company serves both consumer and industrial sectors, indicating a diverse customer base [1] - Sonoco's global reach spans 40 countries, highlighting its international presence [1]

Showcasing Sustainability Impact of Eviosys Transformation and Global ProgressHARTSVILLE, S.C., May 08, 2025 (GLOBE NEWSWIRE) -- Sonoco Products Company (NYSE: SON), a global leader in value-added sustainable packaging, today released its 2024 Corporate Sustainability Report, marking its transformation into a more sustainable packaging company following the acquisition of Eviosys, Europe’s leading metal packaging manufacturer. The union significantly enhances Sonoco’s sustainability footprint, global reach ...

Sonoco Products Company (SON) Q1 2025 Earnings Call April 30, 2025 08:30 AM ET Company Participants Roger Schrum - Interim Head of Investor RelationsHoward Coker - President and CEOJerry Cheatham - Interim CFOGeorge Staphos - Managing DirectorMichael Roxland - MD - Equity ResearchRodger Fuller - Chief Operating Officer Conference Call Participants Mark Weintraub - Senior Analyst and Head of Business DevelopmentMatthew Roberts - Equity Research AnalystGabe Hajde - Analyst Operator Thank you. I'd now like to ...

Financial Data and Key Metrics Changes - Net sales increased by 31% to $1.7 billion, driven by favorable pricing and the full quarter impact of the S&P EMEA acquisition [12][18] - Adjusted EBITDA rose by 38% to $338 million, with an adjusted EBITDA margin improvement of 170 basis points to 16.6% [13][18] - Adjusted earnings per share increased by 23% to $1.30, primarily due to strong productivity and favorable price-cost performance [12][18] Business Line Data and Key Metrics Changes - Consumer Packaging segment saw an 83% increase in sales, with adjusted EBITDA growing by 127% year over year [13][14] - Industrial Packaging segment sales decreased by 6% to $558 million, with adjusted EBITDA increasing by 6% to $101 million [14][15] - All Other business segment reported sales of $85 million and adjusted EBITDA of $14 million, affected by the divestiture of Protective Solutions [15] Market Data and Key Metrics Changes - North American metal packaging business achieved a 10% organic volume mix improvement, with aerosol business up approximately 25% [10][34] - EMEA metal packaging adjusted EBITDA increased by approximately 23% year over year, despite slower market conditions in Europe [10][14] - Consumer segment volumes globally increased by mid-single digits, with North America and South America showing slight growth while Europe and Southeast Asia experienced declines [31][32] Company Strategy and Development Direction - The company is focused on a fewer bigger businesses strategy, enhancing core sustainable packaging platforms and reinvesting in higher return opportunities [11][12] - Integration of the Ebiosis acquisition is underway, with expected synergy savings of approximately $40 million in 2025, targeting a total of $100 million over two years [8][20] - The company aims to increase long-term profitability and return capital to shareholders, with a strong emphasis on cash generation and debt reduction [24][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating economic uncertainties, highlighting the resilience of the consumer packaging business during economic stress [22][23] - The company reaffirmed its full-year guidance, expecting adjusted EPS in the range of $6 to $6.20, with anticipated headwinds from higher effective tax rates and industrial volume softness [18][19] - Management noted strong cash flow generation, projecting operating cash flow between $800 million to $900 million and free cash flow between $450 million to $550 million [19][26] Other Important Information - The company completed the sale of its thermoform and flexible packaging business for approximately $1.8 billion, significantly reducing debt and strengthening the balance sheet [6][16] - The company has reduced its net leverage to just under four times net debt to adjusted EBITDA, with a target of 3 to 3.3 times by the end of 2026 [16][70] Q&A Session Summary Question: Can you provide more details on volume performance by region and segment? - Management indicated mid-single digit growth globally in the consumer segment, with slight increases in North America and South America, while Europe and Southeast Asia saw declines [31][32] Question: Are there any changes in purchasing behavior or supply chain issues? - Management noted minimal changes in purchasing behavior, with expectations of increased pull-through from consumer customers in the near future [41][42] Question: What are the opportunities in managing the global network? - The company is evaluating the best locations for production across its global platforms to provide cost-effective solutions and gain market share [47][48] Question: What is the outlook for the ThermoSafe business? - Management is pleased with the performance and is preparing for a decision on the business by the end of the year [65] Question: What is the expected impact of the URB price increase? - Management expects the benefits of the URB price increase to be realized primarily in the second half of the year, with each $10 increase in the index representing about $6 million in annualized revenue [84]

Sonoco Products Company (SON) Q1 2025 Earnings Call April 30, 2025 08:30 AM ET Company Participants Roger Schrum - Interim Head of Investor RelationsHoward Coker - President and CEOJerry Cheatham - Interim CFOGeorge Staphos - Managing DirectorMichael Roxland - MD - Equity ResearchRodger Fuller - Chief Operating Officer Conference Call Participants Mark Weintraub - Senior Analyst and Head of Business DevelopmentMatthew Roberts - Equity Research AnalystGabe Hajde - Analyst Operator Thank you. I'd now like to ...

Quarterly Financial Review 1 st Quarter 2025 April 29, 2025 FORWARD-LOOKING STATEMENTS / NON-GAAP FINANCIAL MEASURES Statements included herein that are not historical in nature, are intended to be, and are hereby identified as "forward-looking statements" for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. In addition, the Company and its representatives may from time to time make other oral or written statements that are also "forward-looking stateme ...

Sonoco, which belongs to the Zacks Containers - Paper and Packaging industry, posted revenues of $1.71 billion for the quarter ended March 2025, missing the Zacks Consensus Estimate by 18.89%. This compares to year-ago revenues of $1.64 billion. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's comme ...

April 29, 2025 Sonoco Reports First Quarter 2025 Results Hartsville, S.C., U.S. - Sonoco Products Company ("Sonoco" or the "Company") (NYSE: SON), a core mid-cap growth and value equity which is a global leader in high-value sustainable packaging, today reported financial results for the first quarter ended March 30, 2025. References in today's news release to consolidated "net sales," "operating profit," and "adjusted operating profit," and Consumer Packaging segment "segment operating profit" and "segment ...