Sonoco Earnings Miss Estimates in Q4, Sales Increase 2% Y/Y
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Sonoco Products Company (SON) reported Q4 earnings that missed estimates, despite a 2% year-over-year increase in sales. The company's top line was supported by volume gains and contributions from Eviosys, but was offset by the divestiture of Protexic and lower selling prices.
February 20, 2025 | 7:00 pm
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Sonoco's Q4 earnings missed estimates, with sales increasing by 2% year-over-year. The results were affected by volume gains and Eviosys contributions, but offset by the Protexic divestiture and lower selling prices.
The earnings miss is likely to negatively impact Sonoco's stock price in the short term. Although sales increased, the divestiture of Protexic and lower selling prices are significant factors that contributed to the earnings miss, which is typically viewed unfavorably by investors.
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