SON Sonoco Products Co.
Sonoco Products Co. engages in the manufacture of industrial and consumer packaging products and services. It operates through the following segments: Consumer Packaging, Display and Packaging, Paper and Industrial Converted Products, Protective Solutions, and Corporate. The Consumer Packaging segment offers round and shaped rigid containers and trays; extruded and injection-molded plastic products; printed flexible packaging; global brand artwork management; and metal and peelable membrane ends and closures. The Display and Packaging segment consists designing, manufacturing, assembling, packing, and distributing temporary, semi-permanent, and permanent point-of-purchase displays; supply chain management services; retail packaging; and paper amenities. The Paper and Industrial Converted Products segment comprises paperboard tubes, cones, and cores; fiber-based construction tubes; wooden, metal, and composite wire and cable reels and spools; and recycled paperboard, linerboard, corrugating medium, recovered paper, and material recycling services. The Protective Solutions segment provides custom-engineered, paperboard-based and expanded foam protective packaging and components; temperature-assured packaging. The Corporates segment covers restructuring charges, asset impairment charges, gains from the disposition of businesses, insurance settlement gains, acquisition-related costs, non-operating pension costs, interest expense, and interest income. The company was founded on May 10, 1899 and is headquartered at Hartsville, SC.
Company profile
Ticker
SON
Exchange
Website
CEO
Robert Howard Coker
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
SEC CIK
Corporate docs
IRS number
570248420
SON stock data
()
Calendar
6 May 20
5 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 1.3B | 1.31B | 1.35B | 1.36B | |
| Net income | 80.24M | 45.33M | 92.28M | 81.29M | |
| Diluted EPS | 0.8 | 0.44 | 0.91 | 0.8 | |
| Net profit margin | 6.16% | 3.46% | 6.82% | 5.98% | |
| Operating income | 130.1M | 81.88M | 138.55M | 129.77M | |
| Net change in cash | -21.95M | 29.43M | 19.56M | -28.03M | |
| Cash on hand | 123.34M | 145.28M | 115.85M | 96.3M | |
| Cost of revenue | 1.04B | 1.06B | 1.09B | 1.08B |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 5.52B | 5.53B | 5.19B | 4.89B | |
| Net income | 292.67M | 314.74M | 177.45M | 287.88M | |
| Diluted EPS | 2.88 | 3.1 | 1.74 | 2.81 | |
| Net profit margin | 5.30% | 5.69% | 3.42% | 5.88% | |
| Operating income | 467.08M | 437.63M | 412.41M | 492.83M | |
| Net change in cash | 24.89M | -134.52M | -2.31M | 74.79M | |
| Cash on hand | 145.28M | 120.39M | 254.91M | 257.23M | |
| Cost of revenue | 4.32B | 4.35B | 4.08B | 3.85B |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 10 Jun 20 | Albrecht Julie C | RSU Common Stock | Grant | Aquire A | No | 53.41 | 47.6 | 2.54K | 380.3 |
| 10 Jun 20 | Cockrell Harry A | Phantom Stock Units Common Stock | Grant | Aquire A | No | 53.41 | 131.5 | 7.02K | 16,463.2 |
| 10 Jun 20 | Coker R. Howard | RSU Common Stock | Grant | Aquire A | No | 53.41 | 442.7 | 23.64K | 6,013.7 |
| 10 Jun 20 | Davies Pamela Lewis | Phantom Stock Units Common Stock | Grant | Aquire A | No | 53.41 | 333.9 | 17.83K | 41,801.2 |
| 10 Jun 20 | Fuller Rodger D | RSU Common Stock | Grant | Aquire A | No | 53.41 | 2.8 | 149.55 | 5.7 |
Institutional ownership Q1 2020
73.9% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 375 |
| Opened positions | 38 |
| Closed positions | 79 |
| Increased positions | 125 |
| Reduced positions | 136 |
13F shares |
Current |
|---|---|
| Total value | 17.34B |
| Total shares | 74.1M |
| Total puts | 11.5K |
| Total calls | 56.9K |
| Total put/call ratio | 0.2 |
Largest owners |
Shares | Value |
|---|---|---|
| BLK BlackRock | 10.99M | $509.51M |
| Vanguard | 10.94M | $507.22M |
| STT State Street | 6.42M | $297.57M |
| IVZ Invesco | 4.36M | $202.2M |
| American Century Companies | 2.9M | $134.49M |
| AMP Ameriprise Financial | 2.31M | $107.27M |
| BAC Bank of America | 1.99M | $92.35M |
| RY Royal Bank of Canada | 1.79M | $82.83M |
| Dimensional Fund Advisors | 1.78M | $82.32M |
| Victory Capital Management | 1.43M | $66.35M |
Financial report summary
?Management Discussion
- Management's focus in 2019 was on generating profitable growth, improving margins, driving free cash flow, and portfolio optimization, including both potential acquisitions and divestitures. Management targeted an overall 2019 organic volume increase of approximately 1.0% and a positive price/cost relationship, albeit lower than what was achieved in 2018. As a result, management was expecting a notable increase in net sales, including the full-year impact of 2018 acquisitions, and modest improvements in overall margins for gross profit, base operating profit and base operating profit before depreciation and amortization. However, as the year unfolded, price/cost was flat and global weakness in manufacturing, exacerbated by tariffs and overall trade uncertainty, drove volume down in our Paper and Industrial Converted Products segment, while continued secular declines in certain end markets of our rigid paper container business and a combination of operational performance issues, competitive pressure and spotty demand in our plastics business resulted in lower overall volume in Consumer Packaging. Despite company-wide volume being down 2.5% and flat price/cost, consolidated operating profit and operating margin improved considerably, due to acquisitions, net productivity gains and the effective control of other fixed costs.
Content analysis
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Removed:
absent, adjusting, Alabama, Atlanta, BVI, calculation, California, combine, commence, commenced, comparative, Concurrent, conform, contingent, dairy, deal, determine, developing, earlier, elimination, established, exited, exiting, expedient, fresh, fundamentally, Georgia, Germany, Group, Highland, hindsight, improvement, Indonesia, initially, initiated, injection, installment, integrated, key, lessee, lost, molding, noncancellable, Norway, package, permitted, policy, practical, prescribed, provisional, reached, realize, recognizable, Rental, Russia, schedule, settled, single, software, Spain, standard, system, team, Texpack, transition, transparency, UK, unpaid, voluntary, weather, weighted, workforce, wrote
Financial reports
10-Q
2020 Q1
Quarterly report
6 May 20
10-K
2019 FY
Annual report
28 Feb 20
10-Q
2019 Q3
Quarterly report
30 Oct 19
10-Q
2019 Q2
Quarterly report
31 Jul 19
10-Q
2019 Q1
Quarterly report
1 May 19
10-K
2018 FY
Annual report
28 Feb 19
10-Q
2018 Q3
Quarterly report
31 Oct 18
10-Q
2018 Q2
Quarterly report
1 Aug 18
10-Q
2018 Q1
Quarterly report
2 May 18
10-K
2017 FY
Annual report
28 Feb 18
Current reports
8-K
Other Events
22 Apr 20
8-K
Submission of Matters to a Vote of Security Holders
16 Apr 20
8-K
Sonoco Reports First Quarter 2020 Results
16 Apr 20
8-K
Sonoco Changes Annual Meeting Location
3 Apr 20
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
3 Apr 20
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
19 Mar 20
8-K
Departure of Directors or Certain Officers
18 Feb 20
8-K
Departure of Directors or Certain Officers
14 Feb 20
8-K/A
Departure of Directors or Certain Officers
14 Feb 20
8-K
Sonoco Reports Fourth-Quarter and Full-Year 2019 Results
13 Feb 20
Registration and prospectus
8-A12B/A
Registration of securities on exchange (amended)
15 Jun 20
424B2
Prospectus for primary offering
21 Apr 20
FWP
Free writing prospectus
20 Apr 20
424B5
Prospectus supplement for primary offering
20 Apr 20
S-3ASR
Automatic shelf registration
1 Aug 19
S-8
Registration of securities for employees
1 Aug 19
8-A12B/A
Registration of securities on exchange (amended)
17 Jul 19
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Nov 17
S-3ASR
Automatic shelf registration
9 Sep 16
S-8
Registration of securities for employees
31 Aug 15
Proxies
PX14A6G
Letter to shareholders
14 Apr 20
DEFA14A
Additional proxy soliciting materials
3 Apr 20
DEF 14A
Definitive proxy
13 Mar 20
PRE 14A
Preliminary proxy
27 Feb 20
DEF 14A
Definitive proxy
18 Mar 19
DEF 14A
Definitive proxy
16 Mar 18
DEF 14A
Definitive proxy
17 Mar 17
PRE 14A
Preliminary proxy
27 Feb 17
DEFA14A
Additional proxy soliciting materials
4 Apr 16
DEFA14A
Additional proxy soliciting materials
4 Apr 16
Other
SD
Conflict minerals disclosure
11 May 20
SD
Conflict minerals disclosure
29 May 19
SD
Conflict minerals disclosure
21 May 18
SD
Conflict minerals disclosure
30 May 17
SD
Conflict minerals disclosure
23 May 16
NO ACT
No action letter
13 Jan 16
UPLOAD
Letter from SEC
9 Sep 15
UPLOAD
Letter from SEC
26 Aug 15
CORRESP
Correspondence with SEC
21 Aug 15
SD
Conflict minerals disclosure
28 May 15
Ownership
4/A
SONOCO PRODUCTS / John R Haley ownership change
12 Jun 20
4
SONOCO PRODUCTS / Lloyd M Yates ownership change
12 Jun 20
4
SONOCO PRODUCTS / Adam Wood ownership change
12 Jun 20
4
SONOCO PRODUCTS / THOMAS E WHIDDON ownership change
12 Jun 20
4
SONOCO PRODUCTS / Jeffrey S Tomaszewski ownership change
12 Jun 20
4
SONOCO PRODUCTS / Marcy J Thompson ownership change
12 Jun 20
4
SONOCO PRODUCTS / Robert R Dillard ownership change
12 Jun 20
4
SONOCO PRODUCTS / ROGER P SCHRUM ownership change
12 Jun 20
4
SONOCO PRODUCTS / MARC D OKEN ownership change
12 Jun 20
4
SONOCO PRODUCTS / SUNDARAM NAGARAJAN ownership change
12 Jun 20