Sonoco Products Company

OverviewSuggest Edit

Sonoco Products Company is a provider of diversified consumer packaging, industrial products, protective packaging, and packaging supply chain service. It produces composite cans, tubes, and cores, and blow-molded plastic containers, consumer, and industrial thermoformed plastic packaging engineered molded and extruded plastic products, rigid paperboard containers, and convenience closures. The company serves such markets as coffee, fresh and natural foods, lawn and garden, sports and nutrition, construction, ink, electronics, automotive, pharmaceutical, and others.
TypePublic
Founded1899
HQHartsville, SC, US
Websitesonoco.com
Employee Ratings3.8
Overall CultureB

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2021)20,500(+3%)
Job Openings432
Revenue (FY, 2021)$5.6 B(+7%)
Share Price (Aug 2022)$61.2(-1%)
Cybersecurity ratingBMore
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Key People/Management at Sonoco Products Company

Scott Byrne

Scott Byrne

Assistant Director, Global Sustainability
R. Howard Coker

R. Howard Coker

President, Chief Executive Officer
Julie Albrecht

Julie Albrecht

Vice President, CFO
Laura Buen Abad

Laura Buen Abad

Senior Technology Director
Elizabeth Rhue

Elizabeth Rhue

Staff Vice President of Sustainability
Rob Dillard

Rob Dillard

Chief Strategy Officer
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Sonoco Products Company Office Locations

Sonoco Products Company has offices in Hartsville, Akron, Arlington, Arlington Heights and in 271 other locations
Hartsville, SC, US (HQ)
1 N 2nd St
Akron, IN, US
1535 State Rte 19
Arlington, TX, US
1908 Exchange Dr
Arlington, TX, US
2000 Exchange Dr
Arlington Heights, IL, US
3930 N Ventura Dr
Ashland, VA, US
10026 Old Ridge Rd
Show all (323)

Sonoco Products Company Financials and Metrics

Sonoco Products Company Revenue

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View revenue for all periods
Sonoco Products Company's revenue was reported to be $5.59 b in FY, 2021
USD

Revenue (Q2, 2022)

1.9b

Gross profit (Q2, 2022)

387.0m

Gross profit margin (Q2, 2022), %

20.2%

Net income (Q2, 2022)

131.8m

EBIT (Q2, 2022)

197.5m

Market capitalization (4-Aug-2022)

6.1b

Closing stock price (4-Aug-2022)

61.2

Cash (3-Jul-2022)

175.0m

EV

9.3b
Sonoco Products Company's current market capitalization is $6.1 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

5.4b5.2b5.6b

Revenue growth, %

0%(3%)

Cost of goods sold

4.3b4.2b4.5b

Gross profit

1.1b1.0b1.1b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Revenue

1.4b1.4b1.4b1.3b1.2b1.3b1.4b1.4m1.4b1.8b1.9b

Cost of goods sold

1.1b1.1b1.1b1.0b997.5m1.1b1.1b1.1m1.2b1.4b1.5b

Gross profit

270.1m275.3m265.5m266.6m248.0m257.0m277.9m262.7k257.7m371.6m387.0m

Gross profit Margin, %

20%20%20%20%20%20%21%19%18%20%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

145.3m564.8m171.0m

Accounts Receivable

698.1m658.8m755.6m

Prepaid Expenses

60.2m52.6m74.0m

Inventories

503.8m450.7m562.1m
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

292.7m207.2m(82.7m)

Depreciation and Amortization

239.1m255.4m239.1m

Inventories

2.6m12.1m(130.1m)

Accounts Payable

(25.4m)21.5m172.4m
USDQ1, 2019

Debt/Equity

0.9 x

Debt/Assets

0.3 x

Financial Leverage

2.7 x
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Sonoco Products Company Operating Metrics

FY, 2019FY, 2020FY, 2021

Countries

363432

Locations

320320300

Sonoco Products Company Acquisitions / Subsidiaries

Company NameDateDeal Size
Can PackagingAugust 03, 2020$45.47 m
Plastique Holdings, LTDDecember 31, 2019
Thermoform Engineered Quality, LLCDecember 31, 2019
Corenso Holdings America, Inc.August 09, 2019$110.63 m
Conitex Sonoco (BVI), Ltd.October 01, 2018$134.85 m
Highland Packaging SolutionsApril 12, 2018$148.54 m
Clear Lam Packaging, Inc.July 24, 2017$170 m
Peninsula Packaging CompanyMarch 14, 2017$230 m
Laminar MedicaSeptember 19, 2016$17.2 m
Graffo Paranaense de Embalagens S/AApril 01, 2015$18.3 m
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Sonoco Products Company Revenue Breakdown

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Sonoco Products Company revenue breakdown by business segment: 13.6% from All Other, 42.4% from Consumer Packaging and 44.1% from Paper and Industrial Converted Products

Sonoco Products Company revenue breakdown by geographic segment: 7.2% from Asia Pacific, 16.8% from Europe, 65.3% from United States and 10.7% from Other

Sonoco Products Company Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

Sonoco Products Company Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Sonoco Products Company Online and Social Media Presence

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Sonoco Products Company Company Culture

  • Overall Culture

    B

    71/100

  • CEO Rating

    B

    72/100

  • Compensation

    B+

    74/100

  • Diversity

    B+

    74/100

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Sonoco Products Company News and Updates

Sonoco Issues Inaugural Green Bonds to Expand Circular Economy Products

Sonoco (NYSE: SON), one of the largest sustainable global packaging companies, today announced the completion of its inaugural offering of green bonds to support the Company’s sustainability strategy. The green bonds total $1.2 billion aggregate principal amount of unsecured notes, consisting of $40…

Sonoco Implementing Price Increase for Uncoated Recycled Paperboard

Sonoco (NYSE: SON) today announced it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning February 18, 2022.

Sonoco Prices Inaugural Green Bond Offering

Sonoco (NYSE: SON), one of the largest sustainable global packaging companies, today announced the successful pricing of its first green bonds to support the Company’s sustainability strategy. The green bonds total $1.2 billion aggregate principal amount and consist of $400 million aggregate princip…

Sonoco Recycling Acquires American Recycling of Western North Carolina

Sonoco Recycling, a unit of Sonoco (NYSE: SON), one of the largest sustainable global packaging companies, today announced it has acquired American Recycling of Western North Carolina, a privately owned recovered paper recycler located in Asheville, N.C.

Sonoco Declares Regular Quarterly Common Stock Dividend

The Board of Directors of Sonoco (NYSE: SON) today declared a $0.45 per share quarterly common stock dividend. The dividend will be paid on December 10, 2021, to shareholders of record as of November 10, 2021.

Sonoco-Alcore to Increase Paperboard Prices in the EMEA Region

Sonoco-Alcore S.a.r.l. announces today that due to the continued escalation in the cost of European energy it will raise prices by €100 (£100) / tonne on all recycled paperboard grades sold in the Company’s EMEA regions and which will be effective for all shipments made on or after the 18th October …
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Sonoco Products Company Blogs

Sonoco Advances Sustainable Flexible Packaging Options with Expansion of Solutions for Store Drop-off Recyclability

EnviroFlex™ PE Pouches and Cold Seal Receive How2Recycle® Label HARTSVILLE, S.C. , May 04, 2022 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the most sustainable global packaging companies, announced it has been pre-qualified for How2Recycle® Store Drop-off labels for the EnviroFlex™ PE line of

Sonoco Names Weeks Head of Investor Relations

Sonoco Names Weeks Head of Investor Relations Content Import Mon, 04/25/2022 - 16:07 Sonoco Names Weeks Head of Investor Relations April 25, 2022 General HARTSVILLE, S.C., April 25, 2022 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), a leading global sus…

Sonoco Named to FORTUNE’s World’s Most Admired Companies List

Company Named No. 1 in Packaging, Container Industry HARTSVILLE, S.C. , Feb. 03, 2022 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest sustainable global packaging companies, has been selected to FORTUNE magazine’s World’s Most Admired Companies list for 2022.

Sonoco to Raise Prices for CPET Plastic Trays and Bowls

Sonoco to Raise Prices for CPET Plastic Trays and Bowls Content Import Wed, 01/26/2022 - 11:01 Sonoco to Raise Prices for CPET Plastic Trays and Bowls January 26, 2022 This release is a backfill from a News Wire General HARTSVILLE, S.…

Sonoco Agrees to Acquire Ball Metalpack

Sonoco Agrees to Acquire Ball Metalpack John.Bissaillo… Mon, 12/20/2021 - 06:45 Sonoco Agrees to Acquire Ball Metalpack December 20, 2021 This release is a backfill from a News Wire General Acquisition Complements Sonoco’s Largest Con…

Sonoco FRESH to Host Second Annual Food, Packaging & Sustainability Summit Mars, Walt Disney World Resort to Keynote

HARTSVILLE, S.C. , Nov. 16, 2021 (GLOBE NEWSWIRE) -- Sonoco FRESH (Food Research Excellence for Safety and Health), a Sonoco and Clemson University initiative to develop new technologies and new forms of packaging to optimize the fresh food lifecycle, is pleased to host the second annual Food,
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Sonoco Products Company Frequently Asked Questions

  • When was Sonoco Products Company founded?

    Sonoco Products Company was founded in 1899.

  • Who are Sonoco Products Company key executives?

    Sonoco Products Company's key executives are Scott Byrne, R. Howard Coker and Julie Albrecht.

  • How many employees does Sonoco Products Company have?

    Sonoco Products Company has 20,500 employees.

  • What is Sonoco Products Company revenue?

    Latest Sonoco Products Company annual revenue is $5.6 b.

  • What is Sonoco Products Company revenue per employee?

    Latest Sonoco Products Company revenue per employee is $272.7 k.

  • Who are Sonoco Products Company competitors?

    Competitors of Sonoco Products Company include Crown Holdings, Packaging Corporation of America and Greif.

  • Where is Sonoco Products Company headquarters?

    Sonoco Products Company headquarters is located at 1 N 2nd St, Hartsville.

  • Where are Sonoco Products Company offices?

    Sonoco Products Company has offices in Hartsville, Akron, Arlington, Arlington Heights and in 271 other locations.

  • How many offices does Sonoco Products Company have?

    Sonoco Products Company has 323 offices.