Sonoco Increases Quarterly Stock Dividend for 41ˢᵗ Consecutive Year HARTSVILLE, S.C., April 17, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSE: SON) today increased its quarterly common stock dividend to $0.52 per share from the previous quarterly distribution of $0.51 per share. This new dividend will be paid on June 10, 2024, to shareholders of record as of May 10, 2024. With this increase, Sonoco’s annualized dividend payout moves to $2.08 per share. Future quarterly declarations and the establishment of future record and payment dates are subject to final determinati...
Sonoco and ENGIE Announce 140 Megawatt Virtual Power Purchase Agreement – Output from Big Sampson Wind Project will be First Renewable Energy Project for Sonoco HARTSVILLE, S.C., April 08, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE:SON), one of the largest global sustainable packaging companies, and ENGIE North America (“ENGIE") today announced that they have entered into a Virtual Power Purchase Agreement (“VPPA”) for production from ENGIE’s Big Sampson Wind Project (“Big Sampson”), a wind power project currently under construction in Crockett Coun...
Sonoco Implementing Price Increase for Uncoated Recycled Paperboard in Europe HARTSVILLE, S.C., March 25, 2024 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON) today announced it is implementing a €60 per ton, £50 for UK market, price increase for all grades of uncoated recycled paperboard (URB) sold in Europe effective for deliveries after 15th April 2024. “This price adjustment has become necessary to offset the higher input cost caused by general inflation and the current challenging economic climate,” said Nikolaj Thybo, Vice President Sales & Marketing Paper Europe. “We will continue to mon...
Moody's Ratings has completed a periodic review of the ratings of Sonoco Products Company and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 7 March 2024 in which Moody's reassessed the appropriateness of the ratings in the context of...
Sonoco Hosts Investor Day 2024 and Announces Updated Long Term Targets HARTSVILLE, S.C., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), one of the largest sustainable global packaging companies, today hosts its 2024 Investor Day in New York City. During this event, Sonoco will provide updates and progress on its focused growth strategy and discuss next era goals to achieve long term financial targets. The Investor Day meeting today will be held in a hybrid format, in person in New York City and online as a simultaneous web...
Sonoco Reports Fourth Quarter and Full Year 2023 Results HARTSVILLE, S.C., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), one of the largest sustainable global packaging companies, today reported financial results for its fourth quarter and fiscal year ended December 31, 2023. Summary Achieved second best full year results for Adjusted EPS in the Company’s 125-year historyGenerated a record $883 million of operating cash flow and $600 million of Free Cash Flow in the full year of 2023Invested a record level of capital in th...
Sonoco Declares Regular Quarterly Common Stock Dividend HARTSVILLE, S.C., Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSE: SON) has declared a $0.51 per share quarterly common stock dividend. This dividend will be paid on March 8, 2024, to shareholders of record as of February 28, 2024. According to Howard Coker, President and Chief Executive Officer, this is the 395th consecutive quarter, dating back to 1925, that the Company has paid dividends to shareholders. Based on the closing price of Sonoco’s common stock on February 9, 2024, the Company’s dividend yiel...
Sonoco Announces Uncoated Paperboard (URB) Mill Closure in Sumner, Washington HARTSVILLE, S.C., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), one of the largest global sustainable packaging companies, today announced that it will permanently close its uncoated paperboard (URB) mill operations in Sumner, Washington effective immediately. The mill has been in operation since 1915 and owned by Sonoco since 1980. It has a capacity of 40,000 tons per year. This decision was made as part of Sonoco’s ongoing strategy to optimize our mill n...
Sonoco Announces Agreement for the Divestiture of its Protective Solutions Packaging Business as Part of Planned Portfolio Optimization Strategy HARTSVLLE, S.C., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”)(NYSE: SON), one of the largest global sustainable packaging companies, today announced that certain of its subsidiaries entered into a definitive agreement to sell its Protective Solutions business to Black Diamond Capital Management, LLC (“Black Diamond”) for an estimated $80 million in cash. The transaction is subject to customary closing cond...
Summary Marketline's CCL Industries Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by CCL Industries Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investm...
Summary Marketline's Berlin Packaging, LLC. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Berlin Packaging, LLC. - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and I...
Sonoco Announces Conference Call Discussing Fourth Quarter 2023 Results and 2024 Investor Day Meeting HARTSVLLE, S.C., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”)(NYSE: SON), one of the largest global sustainable packaging companies, will announce fourth quarter 2023 and annual 2023 results on Wednesday, February 14, 2024 after the market closes and host a conference call to discuss these results on Thursday, February 15, 2024 at 8:30 AM Eastern Time. Sonoco 2023 Q4 Earnings Call:Date:February 15, 2024Event Time:8:30 AM to 9:30 AM ETAudio Dial-In...
Sonoco Implementing Price Increase for all Paperboard Converted Products HARTSVILLE, S.C., Dec. 18, 2023 (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 February 1, 2024. “This price increase is necessary due to continued increases in costs for uncoated recycled paperboard (URB), our primary raw material,” said Mike Thompson, Vice President of Sales and Marketing for Sonoco’s North American Converted Paper Products Division....
Sonoco Implementing Price Increase for Uncoated Recycled Paperboard HARTSVILLE, S.C., Dec. 13, 2023 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON) today announced it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning February 1, 2024. This price action is necessary to offset increased input costs. Contact Information: Lisa Weeks Vice President of Investor Relations & Communications 843-383-7524 About Sonoco Founded in 1899, Sonoco (NYSE:SON) is a global provider of packaging ...
Summary Radha Madhav Corporation Ltd - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Radha Madhav Corporation Ltd (RMCL) is a manufacturer and supplier of flexible packaging solutions. RMCL product offerings include coated and metallized films, multilayered films,...
Sonoco Reports Third Quarter 2023 Results HARTSVILLE, S.C., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), one of the largest sustainable global packaging companies, today reported financial results for its third quarter ended October 1, 2023. Summary Sonoco achieved fully diluted earnings per share of $1.32 and Adjusted earnings per share (diluted) of $1.46Generated sequential growth in Sales, Net Income, and Adjusted EBITDA and improved Net Income Margin and Adjusted EBITDA Margin to 7.6% and 16.4%, respectively.Continued nea...
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