Quarterly ResultJul 22, 2026, 04:33 PM
Sonoco Q2 Adjusted EPS $1.51, Net Sales $1.9B; Reaffirms FY26 Guidance
AI Summary
Sonoco Products Company reported second-quarter 2026 financial results, with adjusted diluted EPS increasing by 10.2% to $1.51 and adjusted net income rising 10.6% to $151 million. Net sales were $1.9 billion, a 1.3% decrease, primarily due to the ThermoSafe business divestiture. The company achieved a record operating cash flow of $301 million and reaffirmed its full-year 2026 guidance for sales, adjusted EBITDA, adjusted EPS, and operating cash flow, despite a significant GAAP net income decline compared to the prior year which included a large divestiture gain.
Key Highlights
- Q2 Adjusted Diluted EPS: $1.51, up 10.2% year-over-year.
- Q2 Net Sales: $1.9 billion, down 1.3% year-over-year.
- Q2 Adjusted Net Income: $151 million, up 10.6% year-over-year.
- Q2 Operating Cash Flow: Record $301 million, up 56% year-over-year.
- Industrial Paper Packaging segment operating profit: up 4% year-over-year.
- North America URB trade ton sales volume: grew 6%.
- Full-year 2026 Adjusted EPS guidance reaffirmed: $5.80 to $6.20.
- Full-year 2026 Operating Cash Flow guidance reaffirmed: $700 million to $800 million.
Price Impact
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