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Sonoco Products Company (SON)
:SON
Earnings Data
Report Date
Apr 17, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.37Last Year’s EPS
1.12Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: -3.95%
|Next Earnings Date:Apr 17, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a positive outlook with significant achievements in acquisitions, productivity, and cash flow. However, challenges such as the Eviosus loss, natural disasters, and European market difficulties presented notable obstacles.Company Guidance
During the Sonoco Products Company Fourth Quarter 2024 Earnings Conference Call, the company provided robust guidance for 2025, projecting a sales growth of approximately 21.5% to reach around $8 billion. This growth is primarily attributed to the acquisition of Eviosus and organic growth in legacy businesses. The guidance anticipates an adjusted EPS growth of 19% to 23% above the 2024 EPS of $5.06, with the Eviosus acquisition expected to be 25% accretive. The company's operating cash flow is projected to remain strong, ranging from $800 to $900 million, with free cash flow between $450 to $550 million. Capital expenditures are forecasted at approximately $300 million, focusing on growth and margin expansion. The company aims for a leverage target of 3 to 3.3 times net debt to adjusted EBITDA by the end of 2026, supported by strong free cash flow and proceeds from strategic divestitures. The guidance reflects a strategic focus on fewer, bigger businesses that enhance value creation through earnings growth and margin improvement.Acquisition and Integration of Eviosus
Sonoco Products Company acquired Eviosus, Europe's leading food cans and enclosure manufacturer, on December 4th, 2024, creating a global leader in sustainable metal packaging. The integration process is underway with a two-year $100 million synergy target.
Record Operating Cash Flow
Sonoco Products Company generated $834 million in operating cash flow and $456 million in free cash flow, marking the second-largest operating cash flow year for the company.
Productivity Savings and Investments
The company achieved approximately $183 million in productivity savings for 2024, and invested a record $378 million on capital projects focused on growth and productivity.
Strong Growth in Metal Packaging
Sonoco Products is adding capabilities to meet rising demand for aerosol cans in the US and wet pet food cans in both the US and Europe.
Positive Adjusted EBITDA Growth
Adjusted EBITDA increased by 5%, with margins improving to 14.9% in the fourth quarter.
2025 Growth Projections
The company projects sales to grow approximately 20% to between $7.75 billion and $8 billion in 2025, with adjusted EBITDA expected to grow approximately 30%.
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SON Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SON Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 18, 2025 | $48.14 | $46.38 | -3.66% |
| Oct 31, 2024 | $51.98 | $50.62 | -2.62% |
| Jul 31, 2024 | $52.81 | $51.59 | -2.31% |
| Apr 30, 2024 | $54.41 | $55.05 | +1.18% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sonoco Products Company (SON) report earnings?
Sonoco Products Company (SON) is schdueled to report earning on Apr 17, 2025, TBA Not Confirmed.
What is Sonoco Products Company (SON) earnings time?
Sonoco Products Company (SON) earnings time is at Apr 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SON EPS forecast?
SON EPS forecast for the fiscal quarter 2025 (Q1) is 1.37.
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