Quarterly ResultApr 21, 2026, 04:32 PM
Sonoco Reports Q1 2026 Adjusted EPS of $1.20 on $1.7B Sales
AI Summary
Sonoco Products Company reported its first-quarter 2026 financial results, with net sales reaching $1.7 billion. The company's GAAP diluted earnings per share increased to $0.68 from $0.55 in the prior year, while adjusted diluted EPS stood at $1.20. Despite strong adjusted earnings, net cash used by operating activities was $(367.9) million, primarily due to $103 million in one-time taxes related to divested assets. The company also provided full-year 2026 guidance.
Key Highlights
- Net sales for Q1 2026 were $1.7 billion.
- GAAP diluted EPS was $0.68, up from $0.55 in Q1 2025.
- Adjusted diluted EPS reached $1.20.
- Adjusted operating profit was $200.8 million.
- Net cash used by operating activities was $(367.9) million, including $103M in taxes.
Price Impact
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