Every material Form 8-K Sonoco has filed with the SEC since February 13, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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
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
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
Sonoco reported first quarter 2026 results for the quarter ended March 29, 2026. GAAP diluted EPS rose to $0.68 from $0.55 and net sales fell 1.9% to $1.7 billion, but adjusted diluted EPS fell 13% to $1.20 from $1.38. The company now targets the low end of its prior full-year adjusted EPS range of $5.80 to $6.20, citing inflation and lower demand, while keeping its adjusted EBITDA and operating cash flow guidance unchanged.
Net sales were $1.7 billion, down 1.9% from the prior-year quarter, mainly due to the November 3, 2025 ThermoSafe divestiture
GAAP net income attributable to Sonoco was $67.6 million, up from $54.4 million; adjusted net income was $119.4 million, down from $137 million
Full-year 2026 adjusted EPS is now projected at the low end of the previous $5.80 to $6.20 range; adjusted EBITDA guidance of $1.25 billion to $1.35 billion is unchanged
Net cash used by operating activities was $(367.9) million, including about $103 million in one-time taxes on 2025 divestiture gains
Sonoco Products entered a credit agreement with Wells Fargo as administrative agent that provides an unsecured delayed draw term loan of up to $300 million, drawable through September 13, 2026. The filing shows the facility as a source of committed borrowing capacity, with interest tied to Term SOFR or base rate plus a margin set by the company's credit ratings.
Facility: up to $300 million unsecured delayed draw term loan, drawable on or before September 13, 2026
Borrowings are due on the second anniversary of the Funding Date, with no required amortization and penalty-free voluntary prepayment
Pricing: Term SOFR loans at 0.850% to 1.100% above the benchmark; base rate loans at 0.000% to 0.100% above the base rate
Covenants include minimum Book Net Worth of 80% of the March 31, 2024 level and a minimum Consolidated Interest Coverage Ratio of 3.25 to 1.00
Sonoco reported fourth-quarter 2025 net sales of $1.8 billion, up 29.7%, mainly from the Eviosys acquisition, and GAAP net income of $332.2 million, compared with a loss of $43.0 million a year earlier, largely due to the gain on the ThermoSafe sale. The company also issued 2026 guidance calling for adjusted diluted EPS of $5.80 to $6.20, which management said would be about a 20% improvement in adjusted earnings excluding divested businesses.
Q4 2025 net sales $1.8 billion, up 29.7%; adjusted net income $104.7 million, up 5.1%
Q4 2025 GAAP diluted EPS $3.33 vs. $(0.44) a year earlier; adjusted diluted EPS $1.05 vs. $1.00
2026 guidance: net revenue $7.25 billion to $7.75 billion; adjusted EBITDA $1.25 billion to $1.35 billion
Net debt reduced by $2.7 billion in 2025; net leverage approximately 3.0x; Investor Day webcast on February 17, 2026
Sonoco's board appointed Craig L. Nix, chief financial officer of First Citizens BancShares, as a director on February 10, 2026, on the recommendation of its Corporate Governance and Nominating Committee. The filing says he is an independent director who will stand for election at the company's 2026 Annual General Meeting, and it does not report any financial results or guidance changes.
Board appointed Craig L. Nix on February 10, 2026; the company announced it in a press release dated February 12, 2026.
Nix serves as CFO of First Citizens BancShares, Inc. (Nasdaq: FCNCA), which he joined in 2014 after serving in roles there starting in 1999.
He joins the Audit Committee and the Financial Policy Committee and will receive non-employee director compensation under the company's existing practices.
He will stand for election at the Company's 2026 Annual General Meeting.
Sonoco said Chief Operating Officer Rodger Fuller will retire effective February 28, 2026, after about 40 years with the company. The company does not intend to appoint a successor, and the presidents of each business unit will report directly to CEO Howard Coker, so shareholders will see the COO role eliminated rather than filled.
Rodger Fuller retires as Chief Operating Officer effective February 28, 2026; he joined Sonoco in 1985 and became COO in 2020.
Sonoco does not intend to appoint a successor to the COO position.
Business unit presidents will report directly to Howard Coker, President and CEO.
The January 20, 2026 press release is filed as Exhibit 99.1.
Sonoco reported third-quarter 2025 net sales of $2.1 billion, up 57.3%, mainly from the Eviosys acquisition, and adjusted EPS of $1.92, up 29%. The company cut its full-year 2025 adjusted EPS guidance to $5.65 to $5.75 from about $6.00, citing expected fourth-quarter volume weakness, and said it will pursue targeted restructuring. Shareholders see higher sales and profit alongside a lower outlook, while proceeds from the pending ThermoSafe sale are projected to reduce net leverage.
Q3 net sales were $2.1 billion, up 57.3% from the prior-year quarter, driven by Metal Packaging EMEA following the December 4, 2024 Eviosys acquisition
Q3 GAAP diluted EPS was $1.23 versus $0.51, and adjusted diluted EPS was $1.92 versus $1.49
Full-year 2025 adjusted EPS guidance was lowered to $5.65 to $5.75 from about $6.00; operating cash flow guidance was cut to $700 million to $750 million from about $800 million
ThermoSafe sale to Arsenal Capital Partners for up to $725 million is expected to close before year-end
Sonoco reported second quarter 2025 net sales of $1.9 billion, up 49.4%, mainly from the December 2024 Eviosys acquisition. GAAP net income attributable to Sonoco rose to $493 million, largely from the April 2025 sale of its Thermoformed and Flexibles Packaging business, while adjusted diluted EPS was $1.37, up 7%. The company now targets full-year adjusted EPS of about $6.00, the low end of its previous $6.00 to $6.20 range, and about $800 million of operating cash flow, the low end of its previous $800 million to $900 million range.
Q2 net sales were $1.9 billion, up 49.4% from the prior-year quarter; Consumer Packaging net sales rose 110% to $1.2 billion.
GAAP net income attributable to Sonoco was $493 million, or $4.96 per diluted share, versus $91 million in Q2 2024; the company said $425 million of the increase, net of tax, came from the TFP sale.
Adjusted EPS was $1.37, up 7% from $1.28; adjusted EBITDA was $328 million, up 25%.
Full-year 2025 adjusted EBITDA guidance of $1.3 billion to $1.4 billion was maintained; operating cash flow was $(15) million for the first six months of 2025.
Sonoco Products Company appointed Paul Joachimczyk as Chief Financial Officer effective June 30, 2025, replacing Interim CFO Jerry Cheatham, who will remain principal financial officer until the Form 10-Q for the quarter ending June 29, 2025. Joachimczyk's offer includes a $750,000 base salary, an 85% bonus target, a $1,000,000 sign-on bonus and $1,000,000 in restricted stock units, with an anticipated $2,000,000 target for 2026 annual awards.
Paul Joachimczyk, 53, previously served as CFO and Corporate Secretary of American Woodmark Corporation since August 2022.
Jerry Cheatham has served as Interim CFO since January 6, 2025 and will move to a senior finance leadership role after the 10-Q filing.
Joachimczyk's offer letter includes a $750,000 base salary and a $1,000,000 sign-on bonus subject to clawback within 24 months.
The filing does not report any financial results or guidance changes.
Sonoco reported first quarter 2025 results on April 29, 2025, with net sales up 31% to $1.7 billion, driven mainly by the Eviosys acquisition. GAAP net income attributable to Sonoco fell 16% to $54 million, while adjusted EPS rose 23% to $1.38, and the company reaffirmed its full-year 2025 adjusted EPS and adjusted EBITDA guidance. Shareholders get a mixed picture: higher sales and adjusted earnings, lower GAAP profit, and debt reduced after the $1.8 billion sale of its Thermoformed and Flexibles Packaging business.
Net sales rose 30.6% to $1.7 billion; GAAP operating profit rose 75% to $127 million
GAAP diluted EPS was $0.55, down from $0.66; adjusted diluted EPS was $1.38, up from $1.12
Full-year 2025 guidance reaffirmed: adjusted EPS $6.00 to $6.20 and adjusted EBITDA $1,300 million to $1,400 million
Cash used in operating activities was $208 million, compared with $166 million provided a year earlier; total debt was $7.2 billion as of March 30, 2025
Sonoco Products closed the sale of its Thermoformed and Flexibles Packaging business and its global Trident business to TOPPAN Holdings on April 1, 2025, for a cash purchase price of $1.8 billion, subject to adjustments. The company said it will use about $1.5 billion of after-tax proceeds to reduce debt, which it describes as part of a simpler, more focused portfolio.
Cash purchase price of $1.8 billion, subject to customary post-closing adjustments
About $1.5 billion of after-tax cash proceeds to be used to reduce leverage, per the press release
Company will provide transition services and licenses to the buyer under ancillary agreements
First quarter 2025 results due April 29, 2025, with a conference call on April 30, 2025
Sonoco reported a fourth-quarter 2024 GAAP net loss attributable to Sonoco of $43 million, or $(0.44) per diluted share, compared with net income of $81 million a year earlier. Adjusted diluted EPS was $1.00 versus $1.02, and full-year 2024 net sales fell 3% to $5.3 billion. The company guided 2025 adjusted EPS to $6.00 to $6.20, which it says reflects growth from the Eviosys acquisition completed December 4, 2024.
Q4 2024 net sales were $1.4 billion, up 2%, while GAAP operating profit fell to $56 million from $103 million
Full-year 2024 GAAP diluted EPS was $1.65 versus $4.80; adjusted diluted EPS was $4.89 versus $5.26
2025 guidance: adjusted EPS of $6.00 to $6.20, operating cash flow of $750 million to $850 million, and adjusted EBITDA of $1.3 billion to $1.4 billion
Agreement to sell the TFP business to TOPPAN Holdings, Inc. for approximately $1.8 billion
Sonoco's board approved an increase in its size from eleven to twelve directors and appointed Scott A. Clark, a former Michelin executive, as an independent director. Clark will serve on the Audit Committee and Executive Compensation Committee and will stand for shareholder election at the 2025 Annual Meeting.
Board expanded from 11 to 12 directors; Clark appointed on February 12, 2025
Clark, 59, spent 28 years at Michelin, most recently as Executive Vice President and member of its Group Executive Committee
Clark joins the Audit Committee and Executive Compensation Committee and will receive standard non-employee director compensation
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