Quarterly ResultApr 21, 2026, 04:18 PM
Sonoco Q1 GAAP EPS Up 23.6% to $0.68; Lowers 2026 EPS Guidance
AI Summary
Sonoco Products Company reported Q1 2026 financial results with net sales of $1.7 billion, a 1.9% decrease year-over-year. GAAP diluted EPS increased to $0.68 from $0.55 in Q1 2025, while adjusted diluted EPS decreased to $1.20 from $1.38. The company also opened a new paper can facility in Thailand and is investing $20 million in its Alabama facility for new nailed wood reel production capacity. Sonoco is now targeting the low end of its full-year adjusted diluted EPS guidance of $5.80 to $6.20 due to projected inflationary pressures and lower demand.
Key Highlights
- Q1 2026 net sales were $1.7 billion, down 1.9% YoY.
- GAAP diluted EPS was $0.68, up from $0.55 in Q1 2025.
- Adjusted diluted EPS was $1.20, down from $1.38 in Q1 2025.
- Opened new paper can facility in Thailand; investing $20M in Alabama.
- Targeting low end of 2026 adjusted diluted EPS guidance ($5.80-$6.20).