Sonoco to Modernize and Expand URB Production at Richmond, VA Mill
Sonoco Products Company announced plans to modernize and expand its uncoated recycled paperboard (URB) production capabilities at its mill in Richmond, Virginia.
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Truist Securities has revised its price target for Sonoco Products Company while maintaining a 'Buy' rating on the stock.
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Sonoco Products Company announced plans to modernize and expand its uncoated recycled paperboard (URB) production capabilities at its mill in Richmond, Virginia.
Sonoco, a global packaging manufacturer, has been downgraded to a Zacks Rank #5 (Strong Sell) due to negative EPS revisions and declining earnings outlook. The company faces headwinds from inflation pressures, weaker volumes, and reduced demand. Q3 revenue dropped 4% year-over-year, adjusted EPS fell 13%, and the company lowered guidance again. A $829 million goodwill impairment charge was also recorded.
Sonoco Prods (NYSE:SON) reported third-quarter financial results on Thursday. The transcript from the company’s third-quarter earnings call has been provided below.This transcript is brought to you by Benzinga APIs. For
Sonoco Products Company reported its third-quarter 2026 financial results, including a GAAP net loss of $732 million driven by a non-cash goodwill impairment charge.
Filed: 2026-10-21 AccNo: 0000091767-26-000047 Size: 921 KB Item 2.02: Results of Operations and Financial Condition Item 9.01: Financial Statements and Exhibits
Wells Fargo analyst Richard Carlson maintains Sonoco Products (NYSE:SON) with a Equal-Weight and lowers the price target from $56 to $53.