The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower. The market expects Sonoco (SON) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare t ...

HARTSVILLE, S.C., July 17, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSE: SON) has declared a $0.52 per share quarterly common stock dividend. This dividend will be paid on September 10, 2024, to shareholders of record as of August 9, 2024. About Sonoco According to Howard Coker, President and Chief Executive Officer, this is the 397th consecutive quarter and 99th year, dating back to 1925, that the Company has paid dividends to shareholders, and is the 41st consecutive year the Company ha ...

HARTSVILLE, S.C., July 17, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSE: SON) has declared a $0.52 per share quarterly common stock dividend. This dividend will be paid on September 10, 2024, to shareholders of record as of August 9, 2024. According to Howard Coker, President and Chief Executive Officer, this is the 397th consecutive quarter and 99th year, dating back to 1925, that the Company has paid dividends to shareholders, and is the 41st consecutive year the Company has increased i ...

Standalone Sonoco brazzo/iStock via Getty Images Sonoco was founded in 1899 in South Carolina and, through several innovations, new products and new processes, had grown to a billion-dollar company by the late 1980s. Inventions of the Sonotube, UltraSeal, Smartseal and all paper Pringles packaging meant that the company grew to a $7 billion revenue base. The sustainable packaging manufacturer employs about 22,000 workers across 300 facilities, with operations seen in 33 countries. The business is largely a ...

Sonoco Products Company (SON) has announced that it has agreed to buy Eviosys, Europe's leading manufacturer of food cans, ends and closures, from KPS Capital Partners for approximately $3.9 billion. This buyout will strengthen SON's metal core metal packaging business and global presence while enhancing sustainability efforts. The company has identified more than $100 million of synergies that are expected to be realized within two years of closing. Eviosys: A Strategic Fit The addition of Eviosys' highly ...

NEW YORK, June 24, 2024 /PRNewswire/ -- KPS Capital Partners, LP ("KPS") announced today that it has entered into an agreement for its portfolio company, Eviosys (the "Company"), to be sold to Sonoco Products Company ("Sonoco", NYSE: SON), a Hartsville, South Carolina-based global leader in high-value sustainable packaging, for €3.615 billion (or approximately $3.9 billion). Sonoco has the option, under certain circumstances, to pay up to $200 million of the purchase consideration in the form of Sonoco stoc ...

Acquisition Expected to be Immediately Accretive to Adjusted EPS and Over 25% Accretive to 2025 Expected Adjusted EPS1 Sonoco Intends to Retain an Investment Grade Rating with Plans to Deleverage to Below 3.0x Within 24 Months HARTSVILLE, S.C., June 24, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company ("Sonoco" or the "Company") (NYSE: SON), a global leader in high-value sustainable packaging, today announced it has entered into an agreement to acquire Eviosys, Europe's leading food cans, ends and closures ...

Transaction Value of Approximately $3.9 Billion Represents a Multiple of 7.3x 2024 Expected Adjusted EBITDA Including Synergies Sonoco will Host an Investor and Analyst Conference Call Today at 8:30 a.m. ET "The acquisition of Eviosys establishes our global leadership in metal food can and aerosol packaging, marking an exciting milestone in our strategy to scale our core strategic metal packaging platform and position Sonoco for long-term value creation," said Howard Coker, President and Chief Executive Off ...

HARTSVILLE, S.C., June 17, 2024 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON) today announced it will raise the price for all converted paperboard products by a minimum of 6 percent, effective with shipments in the United States and Canada, on or after July 10th, 2024. This includes tubes, cores, cones and protective packaging. Contact Information: Lisa Weeks Vice President of Investor Relations & Communications lisa.weeks@sonoco.com 843-383-7524 With net sales of approximately $6.8 billion in 2023, Sonoco has app ...

HARTSVILLE, S.C., June 17, 2024 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON) today announced it will raise the price for all converted paperboard products by a minimum of 6 percent, effective with shipments in the United States and Canada, on or after July 10th, 2024. This includes tubes, cores, cones and protective packaging. Contact Information: Lisa Weeks Vice President of Investor Relations & Communications lisa.weeks@sonoco.com 843-383-7524 With net sales of approximately $6.8 billion in 2023, Sonoco has app ...