HARTSVILLE, S.C., March 27, 2025 (GLOBE NEWSWIRE) -- Sonoco Products Company (NYSE:SON), a global leader in high-value sustainable packaging, has been named one of America's Most Trustworthy Companies, ranking 11th in the Transport, Logistics and Packaging sector. "Since 1899, Sonoco's driving purpose has been, ‘People Build Businesses by Doing the Right Thing'," said Howard Coker, president and CEO. "That is not just a slogan for us. It is something we talk about daily as we work to make lives better throu ...

HARTSVILLE, S.C., March 27, 2025 (GLOBE NEWSWIRE) -- Sonoco Products Company (NYSE: SON), a global leader in high-value sustainable packaging, has been named one of America’s Most Trustworthy Companies, ranking 11th in the Transport, Logistics and Packaging sector. “Since 1899, Sonoco’s driving purpose has been, ‘People Build Businesses by Doing the Right Thing’,” said Howard Coker, president and CEO. “That is not just a slogan for us. It is something we talk about daily as we work to make lives better thro ...

Company Overview - Sonoco Products Company is a global leader in high-value sustainable paper and metal packaging, serving well-known brands worldwide [4] - The company employs approximately 28,000 people across 315 operations in 40 countries [4] - Sonoco is committed to innovation, collaboration, and excellence, aiming for a sustainable future [4] Pricing Strategy - Sonoco announced a price increase of €60 per metric ton for all grades of core board and paperboard in Europe, effective from April 7, 2025 [1] - The price increase is attributed to a general shortage of Old Corrugated Containers (OCC), the primary raw material for core board production, and elevated energy costs [2] Market Conditions - The generation of OCC has been low across Europe, leading to rising prices in March, with expectations for further increases in April and beyond [3] - Exports of OCC from Europe are tightening local supply, exacerbating the situation [3] - Despite hopes for energy price reductions, low gas storage levels in Europe indicate that meaningful reductions are unlikely in the near term [3]

Core Viewpoint - Sonoco's shares have increased by approximately 4.3% since the last earnings report, outperforming the S&P 500, raising questions about the sustainability of this positive trend leading up to the next earnings release [1] Group 1: Earnings Report and Estimates - Fresh estimates for Sonoco have trended upward over the past month, indicating positive sentiment among analysts [2] - The most recent earnings report highlighted important drivers that may influence future performance [1] Group 2: VGM Scores - Sonoco has a Growth Score of B, a Momentum Score of C, and an A grade on the value side, placing it in the top quintile for value investment strategy [3] - The aggregate VGM Score for Sonoco is A, which is significant for investors not focused on a single strategy [3] Group 3: Outlook - The upward trend in estimates suggests promising revisions, although Sonoco currently holds a Zacks Rank of 4 (Sell), indicating expectations of below-average returns in the coming months [4]

Annual Shareholders Meeting to be held April 16 First Quarter 2025 Financial Results to be Released on April 29 HARTSVILLE, S.C., March 17, 2025 (GLOBE NEWSWIRE) -- Sonoco Products Company (NYSE:SON), a global leader in high-value sustainable packaging, issued its 2024 Annual Report to Shareholders and announced the date for its 2025 Annual General Meeting. The annual report details the Company's 2024 financial results, its strategy and the transformation of the business following the acquisition of Eviosy ...

HARTSVILLE, S.C., March 10, 2025 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), a global leader in high-value sustainable paper and metal packaging, 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 April 10, 2025. According to John Florence, General Counsel, Secretary and Vice President and General Manager, Industrial Paper Packaging No ...

Group 1 - Sonoco Products (NYSE: SON) has underperformed over the past year, with a 19% decline in share price, missing out on broader equity market gains [1] - The company's shares are currently near a 52-week low, indicating a continued downward trend in recent weeks [1] Group 2 - The article reflects a contrarian investment approach, focusing on macro views and stock-specific turnaround stories to achieve favorable risk/reward profiles [1]

Company Overview - Sonoco (SON) is headquartered in Hartsville and operates in the Industrial Products sector, with a year-to-date stock price change of -3.21% [3] - The company currently pays a dividend of $0.52 per share, resulting in a dividend yield of 4.4%, which is significantly higher than the Containers - Paper and Packaging industry's yield of 2.34% and the S&P 500's yield of 1.55% [3] Dividend Performance - Sonoco's annualized dividend of $2.08 has increased by 0.5% from the previous year, and over the last five years, the company has raised its dividend four times, averaging an annual increase of 4.92% [4] - The current payout ratio for Sonoco is 41%, indicating that the company distributes 41% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for Sonoco's earnings in fiscal year 2025 is projected at $6.03 per share, reflecting an expected increase of 42.89% compared to the previous year [5] Investment Appeal - Sonoco is considered an attractive dividend investment and is rated with a Zacks Rank of 1 (Strong Buy), indicating a compelling investment opportunity [7]

Core Viewpoint - Sonoco Products Company has appointed Andrea White as Chief Human Resources Officer, recognizing her extensive experience and leadership within the company [1][3]. Company Overview - Sonoco, founded in 1899, is a global leader in sustainable packaging, operating as a multi-billion-dollar enterprise with approximately 28,000 employees across 315 operations in 40 countries [4]. - The company focuses on value-added metal and fiber consumer and industrial packaging, serving well-known global brands [4]. - Sonoco emphasizes a culture of innovation, collaboration, and excellence, aiming for a sustainable future [4]. Leadership Background - Andrea White, 50, has been with Sonoco for 18 years, starting as a Reliability Engineer and progressing through various roles, including Global Maintenance Excellence Manager and Vice President of Global Operational Excellence [2]. - In 2022, she was appointed Vice President of Global Human Resources before her recent promotion to Chief Human Resources Officer [2]. - White holds a Bachelor of Science in Textile Engineering from N.C. State University and is certified in Lean Manufacturing [3].

Employee and Talent Management - As of December 31, 2024, Sonoco had approximately 28,000 full-time equivalent employees, including about 6,500 from the Eviosys acquisition[45] - Sonoco's Global Talent Acquisition and Organizational Development team aims to manage the employee lifecycle through continuous training and succession planning[52] - The company has made significant progress in talent acquisition during 2024 despite a challenging labor market[47] Safety and Injury Rates - Injury rates in 2024 were stable year over year, with decreases in total injuries, high potential injuries, and serious injuries compared to 2023[50] - The company achieved a 97% completion rate on its annual safety improvement plans as of December 31, 2024[50] Sustainability Initiatives - Sonoco's sustainability goals include reducing greenhouse gas emissions, energy and water usage, and the use of single-use plastics[39] - The company is focused on developing products made from renewable materials and materials that can be recycled or composted[40] - Sonoco's Global Sustainability team became part of the Legal & Compliance department to enhance focus on sustainability efforts[38] Corporate Culture and Ethics - The company emphasizes a culture of accountability and aims to conduct business in a fair, ethical, and responsible manner[39] - Sonoco's executive compensation program is designed to align incentives with the achievement of the company's strategic plan and operating objectives[53]