Sonoco to Hike US/Canada Paperboard Prices by $60/Ton, 7% Amid Inflation
SON sits 23% above its 52-week low of $38.65.
Summary
Sonoco Products announced price increases for its uncoated recycled paperboard by $60 per ton and converted paperboard products by 7% in the U.S. and Canada, effective July 8, 2026. This move is a direct response to elevated inflationary pressures that have significantly increased the company's operating costs. The price hikes are crucial for protecting margins and improving revenue, especially following the company's weaker-than-expected first-quarter results, which included a sales miss and a decline in adjusted EPS. This follows a similar price increase announced for its European unit in April.
At the time of this announcement, SON was trading at $47.49 on NYSE in the Manufacturing sector, with a market capitalization of approximately $4.7B. The 52-week trading range was $38.65 to $58.44. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.