SONOCO PRODUCTS CO (SON) Form 10-Q — Oct 28, 2026
Sonoco Products reported a Q3 2026 net loss of $731.9 million ($7.36 per share) versus net income of $122.9 million a year earlier, driven by $828.9 million of goodwill impairment charges recognized in its annual impairment testing. Q3 net sales fell about 4% year-over-year to $2,041.6 million. The largest charge, $802.0 million, hit the Consumer Packaging EMEA/APAC reporting unit built on the December 2024 Eviosys acquisition. Management cited tariff and trade disruption, restrictive European steel import measures reducing tinplate availability, higher input costs, and a weak European agriculture packing season that crushed metal packaging demand and slashed expected purchasing synergies.
Key figures
- Revenue
- 2041575000
- Total Debt
- 4291666000
- Revenue Yoy
- -4.2% (Q3 net sales $2,041.6M vs $2,131.1M)
- Total Assets
- 10134941000
- Cash Position
- 183101000
- Shares Outstanding
- 98875737
- Quarterly dividend
- 0.54
- Nine month net sales
- 5603502000
- Russia pct net sales
- 1.1%
- Russia pct total assets
- 0.7%
- Term credit agreement draw
- 300000000
- Goodwill impairment q3 2026
- 828875000
- Segment operating profit q3
- 266536000
- Commercial paper outstanding
- 164000000
- Term loans borrowed sept 2026
- 500000000
- Goodwill impairment global paper products apac
- 26875000
- Goodwill impairment consumer packaging emea apac
- 802000000
AI analysis
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