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Stock impact report

Sonoco Products Q1 Earnings Call Highlights [Yahoo! Finance]

Sonoco Products Company (SON) 
Last sonoco products company earnings: 4/16 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.sonoco.com/investor-relations-0
Company Research Source: Yahoo! Finance
billion (down ) and adjusted EBITDA was $277 million (down ), as the quarter was hit by severe weather, a Greenville recycling facility fire (a $2 million one-time cost) and macro/geopolitical headwinds. Management expects near-term inflation pressure—primarily from freight—to add about $8–10 million of incremental costs in Q2 (net of mitigation), with recovery mechanisms lagging several weeks, and has implemented pricing actions including a $70/ton U.S. URB increase and an €80/ton Europe increase to offset costs. Sonoco delivered $8 million of quarterly savings ( $32 million annualized) toward a $150–200 million three-year Profitability Performance Plan, maintained full-year guidance (sales $7.25–7.75B , adj. EBITDA $1.25–1.35B , adj. EPS $5.80–6.20 trending lower), and raised the dividend to , marking the 43rd consecutive annual increase. Interested in Sonoco Products Company? Here are five stocks we like better. Sonoco Stock Drops as Inflation Hits Q1 Results Sonoco Produ Show less Read more
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