Sonoco Runs Up Against Soft Consumer Volumes, Guides to Acquisition or Buybacks in 2017
Although Sonoco's annual results came in slightly below our expectations, our outlook remains largely unchanged in both the near and long term. We expect sales growth in 2017 to remain fairly muted, with operating margins rising only slightly, led by Sonoco's fastest growing segment, Protective Solutions. Although quarterly results could prove choppy in the near term as Sonoco plays catch-up with rapidly moving old corrugated container (OCC) prices, we maintain our long-term outlook of low-singl...Sonoco Products is a manufacturer of industrial and consumer packaging products and a provider of packaging services. The company's segments are: Consumer Packaging, which includes round composite cans, shaped rigid paperboard containers, fiber and plastic caulk/adhesive tubes, aluminum, steel and peelable membrane easy-open closures for composite and metal cans; Paper and Industrial Converted Products, which include recycled paperboard, chipboard, tubeboard, lightweight corestock, boxboard, linerboard, corrugating medium, edgeboard, paper grades, and adhesives; Display and Packaging, which include point-of-purchase displays; and Protective Solutions, which include packaging and components.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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