Sonoco Initiates Review of TFP Business to Simplify Portfolio [Yahoo! Finance]
Sonoco Products Company (SON)
Last sonoco products company earnings: 4/16 06:45 am
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Source: Yahoo! Finance
This move is in sync with SON's ongoing strategy to streamline its portfolio and focus on fewer bigger and core businesses to generate improved returns and lower debt levels. Overview of Sonoco's TFP Business The TFP business is part of Sonoco's Consumer Packaging segment. The segment's products consist of rigid packaging (paper, metal and plastic) and flexible packaging. It caters to the consumer staples market focused on food, beverage, household and personal products and accounted for approximately 53% of sales in 2023. TFP provides complex packaging solutions to various categories including snacks, condiments, healthcare, prepared meals, fresh products and coffee and pets. The business generated revenues of $1.3 billion in 2023, contributing 36% to the Consumer Packaging segment's revenues and 19% to Sonoco's total revenues. SON's Ongoing Portfolio Strategy to Improve Profitability To improve its long-term profitability and return capital to shareholders, Sonoco has been
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News
- We Think You Can Look Beyond Sonoco Products' (NYSE:SON) Lackluster Earnings [Yahoo! Finance]Yahoo! Finance
- Sonoco Products (NYSE: SON) had its price target lowered by analysts at Robert W. Baird from $58.00 to $55.00. They now have a "neutral" rating on the stock.MarketBeat
- Broker Revenue Forecasts For Sonoco Products Company (NYSE:SON) Are Surging Higher [Yahoo! Finance]Yahoo! Finance
- Sonoco Reports Third Quarter 2024 ResultsGlobeNewswire
- Sonoco To Report Third Quarter 2024 ResultsGlobeNewswire
SON
Earnings
- 10/31/24 - Beat
SON
Sec Filings
- 11/5/24 - Form 4
- 11/5/24 - Form 4
- 11/5/24 - Form 4
- SON's page on the SEC website