Quarterly ResultJul 28, 2026, 04:18 PM
Sonoco Q2 Continuing EPS $1.05, Net Sales Down; Restructuring
AI Summary
Sonoco Products Company reported Q2 2026 diluted EPS from continuing operations of $1.05, a significant increase from $0.69 in Q2 2025, despite a slight decrease in net sales to $1.89 billion. For the first six months of 2026, diluted EPS from continuing operations rose to $1.73, while net sales were $3.56 billion. The company incurred $17.07 million in restructuring and asset impairment charges during the first half of the year and declared a quarterly dividend of $0.54 per share.
Key Highlights
- Q2 2026 diluted EPS from continuing operations rose to $1.05 from $0.69 in Q2 2025.
- Q2 2026 net sales decreased to $1.89 billion from $1.91 billion in Q2 2025.
- H1 2026 diluted EPS from continuing operations increased to $1.73 from $1.19 in H1 2025.
- H1 2026 net sales were $3.56 billion, down from $3.62 billion in H1 2025.
- Restructuring and asset impairment charges for H1 2026 totaled $17.07 million.
- Cash dividends of $0.54 per share were declared for Q2 2026.
- Cash and cash equivalents stood at $168.65 million as of June 28, 2026.
- Net cash used by operating activities for H1 2026 was $67.31 million.
Price Impact
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