HARTSVILLE, S.C., June 10, 2024 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON) today announced it is implementing a $70 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning July 10, 2024. This price action is necessary to offset increased input costs. Contact Information: Lisa Weeks Vice President of Investor Relations & Communications lisa.weeks@sonoco.com 843-383-7524 About Sonoco With net sales of approximately $6.8 billio ...

Core Insights - Sonoco-Alcore S.a.r.l. will increase prices by 7% on all tube and core grades in the EMEA regions due to ongoing inflationary pressures affecting its cost base, effective from June 15, 2024 [1][2] - The company is experiencing rising costs across all sectors of operations and supply chain, particularly for core board, necessitating the price increase as it can no longer absorb these costs [2] - Sonoco Alcore operates 19 tubes and core plants and five paperboard mills in Europe, including its largest uncoated recycled paperboard mill located in Cirie, Italy [3] Company Overview - Sonoco reported net sales of approximately $6.8 billion in 2023 and employs around 22,000 people across more than 300 operations globally [4] - The company is committed to sustainability and has been recognized as one of America's Most Responsible Companies by Newsweek [4]

BRUSSELS, Belgium, June 04, 2024 (GLOBE NEWSWIRE) -- Following the announcement of 25th March 2024, Sonoco (NYSE: SON) today announced it is implementing a further price increase as input costs have continued to rise beyond our initial estimation. "We have already successfully implemented a second increase in the Italian market and this will now be applied in the rest of Europe at €25/ton, valid for all shipments after 1st July, 2024. The economic climate continues to be challenging making this action neces ...

Sonoco Products Company (SON) announced that it opened a multimillion-dollar Metal Packaging Technical & Engineering Center in Columbus, OH. The move marks yet another milestone in the company's quest of excellence and dedication to high-quality, precision-manufactured metal packaging. The new state-of-the-art center is located at 2850 Charter Street. This offers a concentrated center for providing design support, process development, technical services, engineering, and training. The 11,000-square-foot cen ...

A month has gone by since the last earnings report for Sonoco (SON) . Shares have added about 4.4% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Sonoco due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Sonoco Earnings Top Estimates in Q1, Lowers '24 View Sonoco ...

About Sonoco Contact: Lisa Weeks lisa.weeks@sonoco.com Technical support is in high demand, particularly for shelf-life testing and package performance. Sonoco specifically offers expertise in Package Performance & Integrity Testing, Real-time Shelf-Life Testing, Electrochemical Corrosion Testing, among others. Additionally, Sonoco offers customized training opportunities accommodating large groups and facilitating comprehensive education on can manufacturing processes to accelerate production ramps, increa ...

HARTSVILLE, S.C., May 30, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company ("Sonoco") (NYSE: SON), one of the largest sustainable global packaging companies, today announced the grand opening of a new multi-million-dollar, state-of-the-art center at 2850 Charter Street in Columbus, Ohio. The 11,000 square foot facility includes modern laboratories, prototyping equipment, training rooms, and collaboration spaces. The opening of the Sonoco Metal Packaging Technical & Engineering Center demonstrates the compan ...

Core Insights - Sonoco Products Company is experiencing growth in its consumer packaging business despite volume declines due to lower consumer spending, with shares gaining 4.7% over the past year compared to the industry's 15.5% growth [1] Strategic Actions Aid Margins - The consumer packaging segment is benefiting from the Metal Packaging acquisition and aggressive pricing strategies to combat inflation [3] - Strong recovery in pricing and cost management, along with the Ball Metalpack acquisition, is expected to positively impact 2024 results [3][4] Focus on Growth & Innovation - Sonoco aims to achieve an annual EBITDA of $1 billion by 2026 through increased investment in core businesses and capital allocation [5] - The company plans to enhance returns on invested capital via organic investments and strategic acquisitions [5][6] Strategic Acquisitions Drive Performance - The acquisition of Ball Metalpack for $1.35 billion enhances Sonoco's sustainable packaging portfolio and is expected to yield tax benefits of $180 million [7][8] - The acquisition of Skjern for $88 million expands production capacity and positions Sonoco in the growing sustainable paper market in Europe [9] Near-Term Concerns - Declining volumes due to reduced consumer purchases may negatively impact margins, alongside pressures from raw material and energy costs [10] - Supply chain disruptions and increased SG&A expenses are anticipated to affect performance in 2024 [10]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or Washington, D.C. 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-11261 Sonoco Products Company (Exact name of registrant as specified in its charter) (843) 383-7000 (Registrant's telephone number, including ...

Sonoco Products Company (NYSE:SON) Q1 2024 Earnings Conference Call May 1, 2024 9:00 AM ET Company Participants Lisa Weeks - Vice President of Investor Relations Howard Coker - President & Chief Executive Officer Rob Dillard - Chief Financial Officer Rodger Fuller - Chief Operating Officer Conference Call Participants Ghansham Panjabi – Baird George Staphos - Bank of America Securities Mark Weintraub - Seaport Research Partners Gabe Hajde - Wells Fargo Gregory Andreopoulos - Citi Operator Good day and thank ...