HARTSVILLE, S.C., April 16, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSE:SON) today increased its quarterly common stock dividend to $0.53 per shares as it celebrated the 100th consecutive year of paying dividends to its shareholders at the Company's annual meeting. The new quarterly dividend will be paid on June 10, 2025, to shareholders of record on May 9, 2025. With the increase, Sonoco's annual dividend payout moves to $2.12 per share up from $2.08 per share. Future quarterly declarat ...

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Topline safety data in SB221 study suggest clinical benefit of SON-1010 in combination with atezolizumab (Tecentriq®) The maximum tolerated dose (MTD) of SON-1010 was set at 1200 ng/kg in combination with atezolizumab in patients with platinum-resistant ovarian cancer (PROC), without dose-limiting toxicity or evidence of cytokine release syndrome at any dose level Stable disease (SD) at four months post-initiation of dosing was seen in 5 of 15 evaluable patients (33%), with 4 continuing beyond 6 months One ...

Sonoco Products Company (SON) announced that it has completed the previously announced sale of its Thermoformed and Flexibles Packaging (TFP) business to TOPPAN Holdings Inc. for $1.8 billion on a cash- free and debt-free basis. The move accelerates Sonoco's portfolio optimization strategy and will help it focus on core industrial paper and consumer packaging businesses. Sonoco will use the $1.5 billion of the after-tax cash proceeds to repay existing debt. Details on Sonoco's TFP Business On Sept. 4, 2024, ...

HARTSVILLE, S.C., April 01, 2025 (GLOBE NEWSWIRE) -- 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 announced it has completed the sale of its Thermoformed and Flexibles Packaging business ("TFP") to TOPPAN Holdings Inc. ("Toppan") for a purchase price of approximately $1.8 billion on a cash-free and debt-free basis and subject to customary adjustments (the "Transaction"). First Quarte ...

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 ...