Oct 21, 5:10 PM ET
Sonoco reported a third-quarter 2026 GAAP net loss of $732 million, or $7.36 per diluted share, driven by an $829 million non-cash goodwill impairment charge. Net sales fell 4.2% to $2.0 billion and adjusted EPS fell 13.0% to $1.67, and the company revised its full-year 2026 guidance. The impairment and weaker results weigh on shareholders, while the company cited strong operating cash flow and a refinancing.
- Q3 2026 GAAP net loss of $732 million ($7.36 per diluted share) versus net income of $123 million ($1.23 per share) a year earlier
- Q3 net sales of $2.0 billion, down 4.2%; adjusted EPS of $1.67 versus $1.92, down 13.0%
- Revised full-year 2026 guidance: adjusted diluted EPS of $5.30 to $5.50 and adjusted EBITDA of $1.20 billion to $1.25 billion
- Q3 operating cash flow of $285 million; $800 million term loan refinanced, with $300 million of delayed-draw capacity remaining
Read the filing on SEC.gov ↗
Sep 30, 4:03 PM ET
Sonoco Products entered into a first amendment to its credit agreement on September 25, 2026, adding two term loan facilities totaling $800 million. It borrowed $500 million on the closing date and used it to refinance an existing $500 million term loan that was due in August 2028, with the remaining $300 million available for future refinancings.
- New $400 million Tranche A term loan matures December 31, 2029, with no scheduled payments before maturity
- New $400 million Tranche B delayed-draw term loan matures December 31, 2031; $100 million drawn at closing and $300 million remaining
- $500 million borrowed on September 25, 2026 refinances an existing $500 million syndicated term loan scheduled to mature in August 2028
- Interest margins are tied to senior unsecured debt ratings from S&P and/or Moody's
Read the filing on SEC.gov ↗
Jul 22, 4:44 PM ET
Sonoco reported second-quarter 2026 results with net sales down 1.3% to $1.9 billion and GAAP net income of $105 million, down from $493 million a year earlier, which included a $425 million gain on the sale of its TFP business. Adjusted EPS rose 10.2% to $1.51, and the company reaffirmed full-year 2026 guidance but said it expects adjusted EPS toward the low end of the $5.80 to $6.20 range.
- Q2 net sales of $1.9 billion, down 1.3%, mainly due to the November 3, 2025 ThermoSafe divestiture
- GAAP net income of $105 million, or $1.05 per diluted share, versus $493 million, or $4.96, in Q2 2025
- Adjusted EPS of $1.51, up 10.2% from $1.37; year-to-date operating cash flow was a use of $67 million
- Full-year 2026 guidance reaffirmed: adjusted EPS $5.80 to $6.20, adjusted EBITDA $1.25 billion to $1.35 billion
Read the filing on SEC.gov ↗
May 11, 6:34 AM ET
Sonoco Products said Chief Accounting Officer Aditya Gandhi informed the company on May 5, 2026 that he intends to resign effective May 29, 2026. The company said the resignation was not due to any disagreement over operations, policies, or accounting practices. CFO Paul Joachimczyk will act as principal accounting officer until a successor is appointed.
- Aditya Gandhi notified Sonoco on May 5, 2026 of his intent to resign as Chief Accounting Officer, effective May 29, 2026
- The company states the resignation was not due to any disagreement on operations, policies, or accounting practices
- CFO Paul Joachimczyk will assume principal accounting officer duties until a successor is appointed
Read the filing on SEC.gov ↗
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