Every material Form 8-K Sonoco filed with the SEC in 2026, 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 said CEO R. Howard Coker will retire as director, president and chief executive officer effective December 31, 2026. The board named Ernest D. Haynes III, the company's president of Global Consumer Packaging, to succeed him as CEO and as a director on that date.
Coker's retirement is effective December 31, 2026; the board accepted his notice dated November 6, 2026.
Haynes, who joined Sonoco in 1997, has an annual base salary of $1,100,004 and a bonus target of 120% of salary.
CFO Paul Joachimczyk received a $1,500,000 restricted stock unit retention award that cliff vests on the second anniversary of the grant date.
Sonoco leadership, including Coker, Haynes and Joachimczyk, will present at an R.W. Baird conference webcast on November 10, 2026, starting 7:20 a.m. Central Time.
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.
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