Sonoco Products: Mixed Outlook Due To Destocking And Inflation [Seeking Alpha]
Sonoco Products Company (SON)
Last sonoco products company earnings: 4/16 06:45 am
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US:NYSE Investor Relations:
investor.sonoco.com/investor-relations-0
Company Research
Source: Seeking Alpha
Historical revenue growth has been increasing year-over-year but ended with poor growth in 2023, while margins have remained robust. The paper & plastic packaging industry has been affected by inflation and destocking, but long-term prospects are positive due to demand for sustainable packaging and e-commerce growth. The relative valuation model displays slight outperformance against its peers, but 7% upside potential still lacks a margin of safety. Therefore, I am recommending a hold rating. Synopsis Sonoco Products Company ( NYSE: SON ) specializes in sustainable packaging products worldwide and operates in three segments. Consumer Packaging, Industrial Paper Packaging and Others. Historical revenue growth has been increasing year-over-year but ended with negative growth in 2023. Despite all of that, margins have been robust in 2022 and 2023. The paper & plastic packaging products and materials industry has largely been affected by lingering inflation and destocking. But in
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News
- Global Thermoform Packaging (Blister, Clamshell, Skin) Market Report 2024-2028 Featuring Analysis of Amcor, Sonoco Products Company, DS Smith, Huhtamaki, and WestRock Company [Yahoo! Finance]Yahoo! Finance
- Sonoco To Report First Quarter 2024 ResultsGlobeNewswire
- Sonoco Releases 2023 Corporate Sustainability Report Detailing Progress on Sustainability Initiatives [Yahoo! Finance]Yahoo! Finance
- Sonoco Releases 2023 Corporate Sustainability Report Detailing Progress on Sustainability Initiatives [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Sonoco Releases 2023 Corporate Sustainability Report Detailing Progress on Sustainability InitiativesGlobeNewswire
SON
Earnings
- 2/14/24 - Miss
SON
Sec Filings
- 4/19/24 - Form 8-K
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- SON's page on the SEC website