Quarterly ResultOct 21, 2026, 05:16 PM
Sonoco Q3 Net Loss $732M on Goodwill Impairment; Revises 2026 Guidance
AI Summary
Sonoco Products Co. reported a net loss of $(732) million, or $(7.36) per diluted share, for the third quarter of 2026, primarily due to a non-cash goodwill impairment charge of $(829) million. Adjusted net income was $167 million, or $1.67 per adjusted diluted share, a decrease from the prior year. Net sales for the quarter were $2.0 billion, down 4.2% year-over-year. The company also revised its full-year 2026 guidance.
Key Highlights
- Sonoco reported Q3 2026 net sales of $2.0 billion, down 4.2% YoY.
- GAAP net loss of $(732) million, or $(7.36) per share, due to an $(829) million goodwill impairment charge.
- Adjusted net income was $167 million, or $1.67 per adjusted diluted share, down 12.5% YoY.
- Operating cash flow generated was $285 million in Q3 2026.
- Consumer Packaging segment net sales decreased 2.9% to $1.4 billion.
- Industrial Paper Packaging segment net sales increased 5.2% to $646 million.
- Full-year 2026 guidance revised: Net Sales $7.20B-$7.40B, Adjusted EPS $5.30-$5.50.
Price Impact
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