Sonoco公布2026年二季度业绩，调整后EPS小幅超预期但全年指引未上调

HARTSVILLE, S.C., July 22, 2026 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), a Mid-cap Value global packaging company, today reported financial results for the second quarter ended June 28, 2026.
Summary:
Net sales in the second quarter were $1.9 billion Industrial Paper Packaging segment results exceeded expectations as North America uncoated recycled paperboard (URB) trade ton sales volume grew 6%
EMEA/APAC paper cans sales volume up 9%

Reported GAAP net income of $105 million, or $1.05 diluted earnings per share, compared to $493 million, or $4.96, in the same period in 2025, which included a gain from the sale of the Thermoformed and Flexibles Packaging and global Trident (“TFP”) business totaling $425 million
Improved quarterly adjusted net income by 10.6% to $151 million compared to the same period in 2025, and reported adjusted diluted earnings per share of $1.51
Reported GAAP operating profit of $193 million in the second quarter of 2026, compared with $176 million in the same period in 2025
Second quarter adjusted operating profit of $242 million and adjusted EBITDA of $324 million
Generated a second quarter record operating cash flow of $301 million, and used $(67) million of operating cash flow year-to-date, which included approximately $103 million in one-time taxes paid in 2026 on gains from the sales of the divested TFP and ThermoSafe businesses in 2025
2026 Guidance:
Reaffirming full-year 2026 guidance for sales, adjusted EBITDA, adjusted earnings per share and operating cash flow as reported with our April first quarter results.
*Note: References in today’s news release to 2025 consolidated “net sales,” “operating profit,” and “adjusted operating profit,” and Consumer Packaging “segment operating profit” and “segment adjusted EBITDA,” do not include results of TFP, which was sold in April 2025 and is accounted for as discontinued operations in periods prior to the sale. “GAAP” refers to U.S. generally accepted accounting principles.

Second Quarter 2026 Consolidated Results

(Dollars in millions except per share data)

Three Months Ended   Six Months Ended
GAAP Results June 28, 2026 June 29, 2025 Change   June 28, 2026 June 29, 2025 Change
Net sales 1  $ 1,885 $ 1,910 (1.3)%   $ 3,562 $ 3,620 (1.6)%
Net sales related to discontinued operations   —   — NM     —   321 NM
Operating profit 1   193   176 9.8 %     320   303 5.8 %
Operating profit related to discontinued operations   —   626 NM     —   664 NM
Net income attributable to Sonoco   105   493 (78.7)%     172   548 (68.5)%
EPS (diluted)   1.05   4.96 (78.8)%     1.73   5.51 (68.6)%

Three Months Ended   Six Months Ended
Non-GAAP Results 2 June 28, 2026 June 29, 2025 Change   June 28, 2026 June 29, 2025 Change
Adjusted operating profit 1 $ 242 $ 247 (1.8)%   $ 443 $ 460 (3.6)%
Adjusted EBITDA   324   328 (1.2)%     601   666 (9.8)%
Adjusted net income attributable to Sonoco   151   136 10.6 %     270   273 (1.1)%
Adjusted EPS (diluted)   1.51   1.37 10.2 %     2.71   2.74 (1.1)%
NM = Not Meaningful
1 Excludes results of discontinued operations.
2 See the Company’s definitions of non-GAAP financial measures, explanations as to why they are used, and reconciliations to the most directly comparable GAAP financial measures later in this release.

Second quarter 2026 net sales of $1.9 billion were down (1.3)% compared to the corresponding prior-year quarter, driven primarily by the November 3, 2025 divestiture of the ThermoSafe business. Additionally, net sales benefited from higher prices implemented to offset the effects of inflation and tariffs and from the favorable impact of foreign exchange rates, partially offset by lower volume/mix.
GAAP operating profit for the second quarter was up 9.8% to $193 million compared to the corresponding prior-year quarter, due to productivity savings from fixed cost reduction initiatives and procurement savings. These positive factors were offset by the absence of operating profit from the divested ThermoSafe business and lower volume/mix.
Effective tax rates on GAAP income from continuing operations before income taxes and adjusted income from continuing operations before income taxes, were 27.8% and 23.8%, respectively, in the second quarter, compared to 37.3% and 25.6%, respectively, in the same period in 2025.
“Our Sonoco team delivered solid second quarter results that met our expectations and exceeded consensus estimates as productivity and cost control initiatives helped offset global inflation headwinds stemming from higher logistics, chemicals, resins and other raw material costs,” said Howard Coker, President and Chief Executive Officer. “Results from our Industrial Paper Packaging segment exceeded expectations with operating profit up 4% during the period and up 29% from the first quarter. The Industrial segment improvement was primarily driven by productivity gains which more than offset price/cost headwinds. North America URB trade tons grew 6% which boosted mill utilization to 95%, while the segment’s volume/mix was flat. Our Consumer Packaging segment operating profit declined approximately 5% during the period but was up 22% sequentially from the first quarter. Productivity and cost containment initiatives boosted Consumer segment results. Paper can volumes were up 9% in EMEA/APAC due to rising snack demand, but overall segment volumes were down 1.8% driven primarily by lower metal aerosol cans and adhesive and sealant tube demand.”
Paul Joachimczyk, Sonoco’s Chief Financial Officer, added, “Our businesses continue to demonstrate tremendous cash-generating capabilities, delivering a record second-quarter operating cash flow of $301 million and free cash flow of $237 million, increases of 56% and 139%, respectively, compared to the prior year. These results reflect disciplined working capital management and the earnings power of our portfolio. Year-to-date operating cash flow includes approximately $103 million of one-time tax payments related to gains from our 2025 divestitures, highlighting that our underlying cash flow performance is strong and supports our confidence in reaffirming full-year guidance.”
Second Quarter 2026 Segment Results
(Dollars in millions except per share data)
Sonoco reports its financial results in two reportable segments: Consumer Packaging (“Consumer”) and Industrial Paper Packaging (“Industrial”).
As previously announced, effective January 1, 2026, results of the Company’s industrial and specialty plastics business (“Industrial Plastics”), the only business remaining in the All Other group of businesses following the November 2025 divestiture of ThermoSafe, are now included in the Industrial segment. Therefore, the Company no longer provides results of the All Other group of businesses.
Three Months Ended   Six Months Ended
Consumer June 28, 2026   June 29, 2025 Change   June 28, 2026   June 29, 2025 Change

Net sales 1 $ 1,242     $ 1,227   1.2 %   $ 2,339     $ 2,294   2.0 %
Segment operating profit 1 $ 152     $ 160   (5.4)%   $ 277     $ 301   (7.9)%
Segment operating profit margin 1   12.2 %     13.1 %       11.9 %     13.1 %
Segment Adjusted EBITDA 1, 2 $ 207     $ 213   (3.1)%   $ 383     $ 403   (4.9)%
Segment Adjusted EBITDA margin 1, 2   16.6 %     17.4 %       16.4 %     17.6 %
Consumer segment net sales grew 1.2%, reflecting successful pricing actions to recover inflation and tariff-related costs, along with favorable foreign exchange. Volume trends remained below prior-year levels.
Solid manufacturing productivity improvements and disciplined cost management helped mitigate the impact of softer volumes on segment operating profit and adjusted EBITDA.

Three Months Ended   Six Months Ended
Industrial June 28, 2026   June 29, 2025 Change   June 28, 2026   June 29, 2025 Change

Net sales 3 $ 643     $ 617   4.2 %   $ 1,223     $ 1,205   1.5 %
Segment operating profit 3 $ 89     $ 86   4.0 %   $ 159     $ 162   (2.2)%
Segment operating profit margin   1