SONOCO PRODUCTS CO (SON) Form 8-K — Oct 21, 2026
Sonoco reported Q3 2026 net sales of $2.0 billion, down 4.2% year over year, with a GAAP net loss of $(732) million, or $(7.36) per diluted share, driven by a non-cash goodwill impairment charge of $(829) million. Adjusted EPS came in at $1.67 versus $1.92 a year ago, down 13%, as inflation-driven price/cost headwinds and lower volume/mix — partly tied to drought-impacted food can demand — more than offset productivity savings. Consumer Packaging underperformed while Industrial Paper Packaging grew sales 5.2%. The company cut full-year 2026 guidance, now targeting net sales of $7.20-$7.40 billion, adjusted EPS of $5.30-$5.50, and adjusted EBITDA of $1.20-$1.25 billion.
Key figures
- Revenue
- 2042000000
- Guidance
- FY2026 net sales $7.20-$7.40B, adjusted EPS $5.30-$5.50, adjusted EBITDA $1.20-$1.25B, operating cash flow $600-$650M
- Total Debt
- 4300000000
- Revenue Yoy
- -4.2%
- Total Assets
- 10134941000
- Cash Position
- 183000000
- Net debt
- $4.1 billion
- Liquidity
- $1.3 billion
- Adjusted eps q3
- 1.67
- Adjusted ebitda q3
- $352 million
- Free cash flow ytd
- $43 million
- Goodwill impairment
- $829 million (non-cash)
- Term loan refinanced
- $800 million new term loan facilities; $500 million drawn
- Operating cash flow q3
- $285 million
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