The Latest Breaking News from SON

Growing demand for eco-friendly products and sustainable packaging presents a significant opportunity for companies that prioritize these solutions. Therefore, scooping up the shares of fundamentally sound sustainable packaging stocks, such as Packaging Corp of America (PKG), Crown Holdings (CCK), and Sonoco Products Co. (SON), could be beneficial. Read more.

The packaging industry is gaining momentum due to the rise of e-commerce, sustainability concerns, and the need for product safety. As businesses depend on packaging solutions for delivering goods, the industry becomes crucial for economic growth. Given this backdrop, investors could consider buying undervalued packaging stocks, such as Sealed Air…

Sonoco Products Co (NYSE:SON) has appointed Rob Dillard as its Chief Financial Officer, effective July 1, 2022. Dillard most recently served as the company's Chief Strategy Officer. He will be responsible for Sonoco's global finance functions. He succeeds Julie Albrecht, who previously announced plans to depart Sonoco on June 30, 2022. Related: Sonoco Products…

Sonoco Products Co (NYSE:SON) stated that Julie Albrecht, who has served as VP and CFO since March 2019, will step down on June 30, 2022. Albrecht will remain in the CFO role through June end to ensure a smooth and orderly transition of responsibilities.  The company has undertaken a retained search of internal…

Sonoco Products Co (NYSE:SON) plans to raise the price of all paperboard tubes and cores by a minimum of 6%. The price rise will be effective with shipments in the U.S. and Canada on or after June 10, 2022. "Ongoing market tightness and additional inflationary cost pressures from rising paperboard prices, our primary raw…

Sonoco Products Co (NYSE:SON) said it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) in the U.S. and Canada. The price hike will be effective with shipments beginning May 30, 2022. Sonoco said the price change reflects continued tight market conditions and inflationary pressures on…

Seaport Global analyst Mark Weintraub downgraded Sonoco Products Co (NYSE: SON) to Neutral from Buy. The analyst noted Sonoco’s stock price has been catching up with his view of company value, returning 19%+ since the Feb 11 report. The analyst added that Sonoco has rallied past its previous price target of $66. Consequently, Weintraub has…

  Sonoco Products (NYSE:SON) reported its Q1 earnings results on Thursday, April 21, 2022 at 06:45 AM. Here's what investors need to know about the announcement.

Sonoco Products Co (NYSE:SON) reported a first-quarter FY22 sales growth of 30.9% year-on-year to $1.77 billion, beating the consensus of $1.74 billion. Consumer Packaging sales rose 49% Y/Y to $868.1 million, and the Industrial Paper Packaging sales gained 23.7% to $699.1 million. Gross profit rose 33.7% to $371.6 million. The gross margin expanded…