Sonoco Products Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St.11-02

Sonoco Products (NYSE:SON) Third Quarter 2024 Results Key Financial Results Revenue: US$1.68b (down 2.0% from 3Q 2023). Net income: US$50.9m (down 61% from 3Q 2023). Profit margin: 3.0% (down from ...

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The decrease in margin was primarily driven by higher expenses.NYSE:SON Earnings and Revenue Growth November 2nd 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 2.5%. Earnings per share  also missed analyst estimates by 60%.Looking ahead, revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Packaging industry in the US.The company's shares are down 3.7% from a week ago.Before you take the next step you should know about the 2 warning signs for Sonoco Products (1 can't be ignored!","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SON":"Sonoco Products Co"},"translate_title":"Sonoco Products 2024年第三季度收益：未达到预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SON":1},"content_text":"Sonoco Products (NYSE:SON) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$1.68b (down 2.0% from 3Q 2023).\nNet income: US$50.9m (down 61% from 3Q 2023).\nProfit margin: 3.0% (down from 7.6% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.\nEPS: US$0.51 (down from US$1.33 in 3Q 2023).\n\n\n\n\n  NYSE:SON Earnings and Revenue Growth November 2nd 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nSonoco Products Revenues and Earnings Miss Expectations\n Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 60%. \n Looking ahead, revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Packaging industry in the US. \nPerformance of the American Packaging industry.\n The company's shares are down 3.7% from a week ago. \nRisk Analysis\n Before you take the next step you should know about the 2 warning signs for Sonoco Products (1 can't be ignored!) that we have uncovered. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480829469"}