Sonoco Products Co reported second-quarter 2026 results with revenue of $1.89B and diluted EPS of $1.05, as net income fell to $104.89M versus the prior-year quarter amid portfolio changes and mixed volume trends.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$1.89B$1.91B(1.3%) | Net income²$104.89M$493.42M(78.7%) | Diluted EPS³$1.05$4.96(78.8%) |
¹ Reported as “Net sales”. ² Reported as “Net income attributable to Sonoco”. ³ Reported as “Diluted earnings per share attributable to Sonoco”.
Business Highlights
- Revenue mix shifted toward Consumer Packaging, which now represents roughly two-thirds of sales following the Eviosys acquisition and the divestitures of TFP and ThermoSafe.
- Overall Q2 sales were down 1.3%; Consumer Packaging rose 1.2% and Industrial Paper increased 4.2% versus the prior year, with pricing and favorable foreign exchange partially offsetting softer volumes.
- Productivity and procurement savings improved margins and helped GAAP operating profit despite the volume softness.
- Capacity expansion included opening a paper can facility in Thailand and a $20M investment in Hartselle, Alabama to add reel capacity targeting AI and data center demand.
- Sustainability efforts advanced with a virtual power purchase agreement for 60 turbines entering operation to support emissions reduction and renewable energy sourcing.
Original SEC Filing:
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