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The Latest Breaking News from Sonoco

Sonoco Stock Drops as Inflation Hits Q1 Results

Sonoco stock falls after a Q1 earnings miss. Inflation, flat EPS, and rising debt pressure growth, but AI-driven demand and a strong dividend offer support

Deal Dispatch: White House Mute On TikTok, BBVA's $18 Billion Takeover Offer Rejected

Deal Dispatch: White House Mute On TikTok, BBVA's $18 Billion Takeover Offer Rejected

For the previous edition of Deal Dispatch, click here.

3 Top Growth Stocks to Buy at a Discount This Month

3 Top Growth Stocks to Buy at a Discount This Month

According to analysts, here are three top-notch mid-cap growth stocks to snag at a discount now.

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2 Undervalued Packaging Stocks Worth Buying Today

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…

JELD-WEN Taps Sonoco Executive Julie Albrecht As Finance Chief

JELD-WEN Holding (NYSE:JELD) has appointed Julie C. Albrecht as EVP and CFO, effective July 18, 2022. She will replace EVP and Acting CFO David Guernsey, who will transition into another leadership role. Albrecht joins JELD-WEN from Sonoco Products Co (NYSE:SON), where she has served as CFO since March 2019. She joined Sonoco in 2017…

Sonoco Picks Internal Candidate Rob Dillard As Finance Chief

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 Finance Chief To Depart In June

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…

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Sonoco Plans Price Hike For Paperboard Tubes, Cores

Sonoco Plans Price Hike For Paperboard Tubes, Cores

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 Hikes Price Of Uncoated Recycled Paperboard As Inflation Woes Persist

Sonoco Hikes Price Of Uncoated Recycled Paperboard As Inflation Woes Persist

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 Downgrades Sonoco Products - Read Why

Seaport Global Downgrades Sonoco Products - Read Why

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 Q1 Earnings Top Estimates

Sonoco Products Q1 Earnings Top Estimates

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…

Sonoco Products Hikes Dividend By About 9%

Sonoco Products Hikes Dividend By About 9%

Sonoco Products Co (NYSE:SON) has increased its quarterly common stock dividend by about 9% to $0.49 per share from $0.45 per share. The new dividend will be paid on June 10, 2022, to shareholders of record as of May 10, 2022. With the move, Sonoco's annual dividend payout rises to $1.96 per share…

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