Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Sonoco Products (SON)
NYSE:SON
Holding SON?
Track your performance easily
Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.22Last Year’s EPS
1.02Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 18, 2018
|% Change Since: -8.14%
|Next Earnings Date:Jul 19, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a balanced view with strong financial performance, strategic investments, and productivity gains, offset by challenges from natural disasters, price cost impacts, and flat industrial volumes.Company Guidance
During the third quarter of 2024, Sonoco Products reported strong financial results, with sales reaching $1.68 billion and adjusted EBITDA of $281 million, reflecting a margin of 16.8%. The company achieved adjusted earnings per share of $1.49 and operating cash flow of $162 million. Sonoco highlighted productivity improvements totaling $39 million and announced $141 million in productivity achieved by the end of the quarter. The company also discussed strategic priorities, including the acquisition of Eviosys and the divestiture of non-core businesses like ThermoSafe and TFP. Looking forward, Sonoco reaffirmed its full-year 2024 guidance, expecting adjusted EPS between $5.05 and $5.25, adjusted EBITDA between $1.05 billion to $1.09 billion, and operating cash flow of $650 million to $750 million.Strong Financial Performance
Sonoco delivered sequential and year-over-year increases in adjusted EBITDA, adjusted EBITDA margins, and earnings. Adjusted EBITDA was $281 million, and EBITDA margins remained strong at 16.8%.
Positive Consumer Segment Performance
Consumer businesses achieved strong volume increases, driving earnings growth through positive productivity. Metal Packaging sales increased mid-single digits due to high single-digit organic volume growth.
Strategic Acquisition and Investment
Sonoco announced the acquisition of Eviosys, which will position the company as a leading metal food can and aerosol packaging manufacturer globally. The transaction is expected to be immediately accretive to earnings and cash flow.
Productivity Achievements
Sonoco reported $141 million in productivity through the end of the third quarter, with an expectation of continued positive productivity despite challenging comparatives.
Positive Cash Flow
Strong operating performance drove solid operating cash flow of $162 million in the third quarter.
---
SON Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
SON Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $51.98 | $50.62 | -2.62% |
| Jul 31, 2024 | $52.81 | $51.59 | -2.31% |
| Apr 30, 2024 | $54.41 | $55.05 | +1.18% |
| Feb 14, 2024 | $53.90 | $55.04 | +2.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Sonoco Products (SON) report earnings?
Sonoco Products (SON) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Sonoco Products (SON) earnings time?
Sonoco Products (SON) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SON EPS forecast?
SON EPS forecast for the fiscal quarter 2024 (Q4) is 1.22.
---