Sonoco Products Co
SON
ISIN US8354951027 / Valor 971157
Sonoco Products Co
UMushroom community rating:
About company
Sonoco Products Co is a global packaging company with a long history dating back to 1899, operating in over 85 countries with 330 plants worldwide. The company is known for providing innovative packaging solutions to a wide range of industries. Sonoco has a strong focus on sustainability and is continuously working towards implementing more environmentally friendly practices in its operations.
Summarized from source with an LLMView SourceSector: IndustrialsLatest Results (07.08.2024):
Net Income
Sonoco Products Co reported a GAAP net income attributable to the company of $91 million for the second quarter of 2024. This represents a decrease from the $115 million reported in the same quarter of the previous year, marking a 21% decline.
Revenue
For the second quarter of 2024, Sonoco Products Co's net sales were $1.623 billion, down 5% from $1.705 billion in the second quarter of 2023. The decrease was primarily driven by the divestiture of Protective Solutions, the closure of a thermoformed food packaging plant, and lower selling prices.
Operating Profit
Sonoco Products Co's GAAP operating profit for the second quarter of 2024 was $140 million, a 25% decrease from the $188 million reported in the same period of 2023. The decline was mainly due to higher acquisition-related costs, restructuring, and asset impairment charges.
Adjusted Earnings
Adjusted net income attributable to Sonoco Products Co for the second quarter of 2024 was $127 million, down 7% from $136 million in the same quarter of the previous year. Adjusted diluted earnings per share were $1.28, compared to $1.38 in the second quarter of 2023.
Cash Flow
During the first half of 2024, Sonoco Products Co generated $275 million in operating cash flow and $96 million in free cash flow. This compares to $349 million in operating cash flow and $259 million in free cash flow for the same period in 2023.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
4834 M
Market cap (USD)
92,057
Daily traded volume (Shares)
49.69 / 49.35
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
EQUITIES OF THE SAME SECTOR
