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Update: Sonoco To Report Second Quarter 2025 Results
Globenewswire· 2025-07-14 16:00
Core Viewpoint - Sonoco Products Company will announce its second quarter 2025 results on July 23, 2025, and will host a conference call on July 24, 2025, at 8:00 a.m. Eastern Time to discuss these results [1][2][3]. Company Overview - Sonoco is a global leader in high-value sustainable packaging, founded in 1899, and operates as a multi-billion-dollar enterprise with approximately 23,400 employees across 285 operations in 40 countries [4]. - The company focuses on value-added, sustainable metal and fiber consumer and industrial packaging, serving well-known global brands [4]. - Sonoco was recognized as one of America's Most Trustworthy and Responsible Companies by Newsweek in 2025 [4].
Sonoco To Report Second Quarter 2025 Results
Globenewswire· 2025-07-01 11:30
Company Overview - Sonoco Products Company is a global leader in high-value sustainable packaging, founded in 1899 [4] - The company operates in 285 locations across 40 countries, employing approximately 23,400 people [4] - Sonoco focuses on value-added, sustainable metal and fiber consumer and industrial packaging [4] - The company was recognized as one of America's Most Trustworthy and Responsible Companies by Newsweek in 2025 [4] Upcoming Earnings Announcement - Sonoco will announce its second quarter 2025 results on July 23, 2025, after market close [1] - A conference call to discuss these results is scheduled for July 24, 2025, at 9:00 a.m. Eastern Time [1][3] - A live audio webcast of the call will be available on the Sonoco Investor Relations website, with a replay accessible for at least 30 days [2]
Sonoco Reports First Quarter 2025 Results
Globenewswire· 2025-04-29 20:30
Core Viewpoint - Sonoco Products Company reported strong financial results for Q1 2025, with significant growth in net sales and adjusted operating profit, despite challenges from discontinued operations and higher costs [1][6][7]. Financial Performance - Consolidated net sales reached $1.709 billion, a 31% increase from $1.309 billion in Q1 2024 [4][10]. - Operating profit rose to $127 million, up 75% from $73 million in the same period last year [4][10]. - Adjusted operating profit increased by 63% to $213 million, while adjusted EBITDA grew by 38% to $338 million [4][6]. - Net income attributable to Sonoco was $54 million, a decrease of 16% from $65 million in Q1 2024 [4][10]. Segment Performance - Consumer Packaging segment net sales surged by 83% to $1.067 billion, driven by the acquisition of Eviosys and volume growth in the U.S. [9][10]. - Industrial Paper Packaging segment net sales decreased by 6% to $558 million, impacted by volume declines and foreign currency exchange rates [15][10]. - The "All Other" segment saw a 37% decline in net sales to $85 million, primarily due to the divestiture of Protexic Solutions [12][10]. Strategic Actions - The company completed the $1.8 billion sale of its Thermoformed and Flexibles Packaging business, using approximately $1.5 billion of the after-tax proceeds to reduce debt [6][7]. - Sonoco raised its quarterly common stock dividend to $0.53, marking 100 consecutive years of dividend payments [6][7]. Guidance and Outlook - Sonoco reaffirmed its full-year 2025 guidance, projecting a 20% growth in adjusted net income and a 30% increase in adjusted EBITDA [6][18]. - The company emphasized its resilience and ability to manage risks associated with changing macroeconomic conditions, including tariffs and inflation [18][24].
Sonoco To Report First Quarter 2025 Results
Globenewswire· 2025-04-28 18:52
Core Viewpoint - Sonoco Products Company is set to announce its first quarter 2025 results on April 29, 2025, and will host a conference call on April 30, 2025, to discuss these results [1][2]. Company Overview - Sonoco, founded in 1899, is a global leader in sustainable packaging, operating as a multi-billion-dollar enterprise with approximately 23,400 employees across 285 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 is recognized for its commitment to sustainability and innovation, having been named one of America's Most Responsible Companies by Newsweek [4].