Sonoco Reports Third Quarter 2026 Results
Sonoco reported Q3 2026 net sales of $2.04 billion, down 4.2% year-over-year, and a GAAP net loss of $(732) million, or $(7.36) per share, driven by an $829 million non-cash goodwill impairment in its Consumer EMEA/APAC and Industrial APAC businesses. Adjusted EPS fell 13% to $1.67 from $1.92, missing expectations, with the Consumer segment down on weak food can volumes from drought-impacted harvests while Industrial sales rose 5.2% on pricing.
Key figures
- Revenue
- 2041575000
- Guidance
- Revised FY2026: net sales $7.20B-$7.40B; adjusted EPS $5.30-$5.50; adjusted EBITDA $1.20B-$1.25B; operating cash flow lowered to $600M-$650M
- Revenue Yoy
- -4.2%
- Net debt
- 4100000000
- Liquidity
- 1300000000
- Total debt
- 4300000000
- Adjusted eps
- 1.67
- Adjusted ebitda
- 352000000
- Dividends paid ytd
- 159000000
- Free cash flow ytd
- 43000000
- Goodwill impairment
- 829000000
- Operating cash flow q3
- 285000000
- Adjusted eps yoy change
- -13.0%
- Operating cash flow ytd
- 218000000
- Adjusted ebitda yoy change
- -9.0%
- Consumer segment net sales
- 1396000000
- Industrial segment net sales
- 646000000
- Consumer segment sales yoy change
- -2.9%
- Industrial segment sales yoy change
- 5.2%
AI analysis
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