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February 13, 2013
07:35 EDTSONSonoco Products says global economic outlook for 2013 remains cloudy
"cloudy. However, we have addressed our recent operating missteps and are poised to take advantage of any improvement in market conditions. The repatriation of offshore cash, and the related pay down of outstanding debt, provides us with improved financial flexibility to invest in the business and/or return cash to our shareholders. In addition, we expect to use free cash flow in 2013 to further reduce debt by about $120M."
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July 21, 2014
16:07 EDTSONSonoco Protective Solutions increasing prices
Sonoco that Sonoco Protective Solutions will be increasing prices on its EPS molded foam products by an additional 6%, effective Aug. 1.
July 17, 2014
07:36 EDTSONSonoco sees 2014 EPS $2.43-$2.53, consensus $2.50
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07:35 EDTSONSonoco sees Q3 EPS 66c-70c, consensus 68c
07:35 EDTSONSonoco reports Q2 EPS 63c, consensus 66c
Reports Q2 revenue $1.25B, consensus $1.26B. The company said, "Our balanced portfolio of businesses achieved record quarterly consolidated sales and gross profits and grew base earnings 7 percent over the prior year quarter, hitting an all time best for a second quarter. However, we were somewhat disappointed that base earnings only reached the low end of our guidance as strong performances in our Paper and Industrial Converted Products and Display and Packaging segments were partially offset by lower than expected results in our Consumer Packaging and Protective Solutions segments. Overall in the quarter, the Company benefitted from improvements to manufacturing productivity, a favorable price/cost relationship, lower pension expense and acquisitions. Partially offsetting these gains were higher labor, maintenance and other operating costs while volume was virtually flat"."
06:26 EDTSONSonoco Products management to meet with Oppenheimer
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