Sonoco Products Company

Sonoco to Modernize and Expand URB Production at Richmond, VA Mill

Sonoco announced a $40 million investment over two years to modernize and expand URB production at its Richmond, VA paperboard mill. The project adds roughly 9,000 tons of annual capacity while maintaining current output of about 120,000 tons, with construction starting in early 2027 and a second phase targeted for completion by end of 2028. For a company with $7.5 billion in 2025 net sales, this is routine, high-return capex that modestly strengthens the Industrial Paper Packaging segment rather than a material growth catalyst.

•6d ago

Sonoco to Increase Paperboard Prices in EMEA Region

Sonoco will increase prices by 60 Euro per ton for uncoated recycled paperboard grades sold in the EMEA region, effective for shipments on or after September 15, 2026. The price hike is a direct response to continued inflationary pressures, geopolitical constraints, and expected increases in energy and fuel costs across the supply chain. Management stated that it is no longer feasible to absorb these additional operating costs and that the company must pass them on to the market.

•2mo ago

Sonoco Names Francesco Giannolo Vice President/General Manager Consumer Packaging, EMEA

Sonoco appointed Francesco Giannolo as Vice President and General Manager of Consumer Packaging for the EMEA region, reporting to segment president Ernest Haynes. The appointment follows the recent integration of the company's Global Consumer Packaging businesses under a single leadership structure to drive innovation and productivity. The Global Consumer Packaging segment is Sonoco's largest unit, generating approximately $5.2 billion in annual sales across 98 operations in 25 countries.

•2mo ago

Sonoco Aligns Global Consumer Businesses Under Single Leadership Structure

Sonoco is aligning its Global Consumer Packaging businesses under a single integrated leadership structure reporting to Ernest Haynes, who becomes President of the segment. Haynes brings nearly 30 years of operating and commercial leadership experience, most recently serving as President of Sonoco's Consumer, Americas business. The Global Consumer Packaging segment is Sonoco's largest global business with roughly $5.2 billion in annual sales, 98 operations in 25 countries, and 11,250 employees.

•3mo ago

Sonoco Expands Wood Reels Manufacturing and Assembly Capacity to Meet Growing Market Demand

Sonoco is investing $25 million to expand its Wood Reels manufacturing footprint, increasing total capacity by more than 30% to address rising demand from AI data centers and power grid modernization projects. The expansion focuses on facilities in Hartselle, Alabama and Jefferson, Texas, with the Hartselle site adding 15% incremental nailed wood capacity and 33% more manufacturing floorspace. The company utilizes a network of 22 assembly centers across the country to support these operations, deploying upgraded quality inspection and manufacturing technology to improve throughput.

•3mo ago

Sonoco Reports Second Quarter 2026 Results

Sonoco reported Q2 adjusted EPS of $1.51, beating consensus estimates, with adjusted net income rising 10.6% year-over-year to $151 million. The company generated a record $301 million in quarterly operating cash flow and $237 million in free cash flow, helped by productivity savings and procurement initiatives. Management reaffirmed full-year 2026 guidance for sales of $7.25 billion to $7.75 billion and adjusted EPS of $5.80 to $6.20, despite a 1.3% decline in reported net sales attributed to prior divestitures.

•3mo ago

Sonoco Declares Regular Quarterly Common Stock Dividend

Sonoco Products Company declared a regular quarterly dividend of $0.54 per share, payable on September 10, 2026, to shareholders of record as of August 10, 2026. CEO Howard Coker noted that this payment marks the 405th consecutive quarter of dividends, extending a streak back to 1925, with annual increases for 43 consecutive years. Based on the closing price on July 14, the dividend yield is approximately 4.0%, which is more than double the yield of the S&P 500 Index.

•3mo ago

Sonoco Implementing Price Increases for Uncoated Recycled Paperboard, Converted Paperboard Products

Sonoco is implementing a $60 per ton price increase for uncoated recycled paperboard in the US and Canada, effective July 8, 2026. The company is also raising prices on converted paperboard products by 7% on the same date, citing robust demand and elevated inflationary pressures. Management states these increases are necessary to offset rising operating costs while maintaining reliable supply and quality for customers.

•5mo ago