SONOCO PRODUCTS CO

Sonoco Products Company announced a price increase for its uncoated recycled paperboard (URB) and converted paperboard products. Effective July 8, 2026, URB prices will rise by $60 per ton in the U.S. and Canada, while converted paperboard products will see a 7% increase. The company cited robust demand, strong mill utilization, and elevated inflationary pressures as reasons for the necessary adjustments to cover increased operating costs and ensure reliable supply.

Sonoco Products Company released its 2025 Corporate Sustainability Report, detailing significant progress in renewable energy and sustainable business practices. The report highlights the completion of the company's transformation in 2025, establishing market-leading franchises in metal and paper packaging. Sonoco achieved a reduction of approximately 15,000 metric tons of CO₂e emissions through 17 energy efficiency projects and reiterated its commitment to reduce Scope 1 and 2 emissions by 25% by 2030 and Scope 3 by 13.5%.

Aditya Gandhi, Sonoco's Chief Accounting Officer, informed the company of his resignation, effective May 29, 2026. His departure was not due to any disagreements with the company's operations, policies, or accounting practices. Paul Joachimczyk, the current Chief Financial Officer, will temporarily take over the responsibilities of principal accounting officer until a successor is appointed.

SONOCO PRODUCTS CO (SON) reported a significant increase in net income and EPS for Q1 2026, with net income attributable to Sonoco rising 24.2% to $67.6 million and basic EPS from continuing operations up 36% to $0.68. This occurred despite a slight 1.9% decrease in net sales to $1.68 billion. The company continued its restructuring efforts, incurring $15.1 million in charges, and noted ongoing goodwill impairment risk for certain reporting units.

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.

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.

Sonoco Products Company will release its first quarter 2026 financial results after the market closes on Tuesday, April 21, 2026. Following the announcement, the company will host a conference call on Wednesday, April 22, 2026, at 8:00 a.m. Eastern Time to discuss these results. A live audio webcast and supporting materials will be accessible via the Sonoco Investor Relations website, with a replay available for 30 days.

Sonoco Products Company's Board of Directors approved a 2% increase in its quarterly common stock dividend, raising it to $0.54 per share from $0.53. This marks the 43rd consecutive year of dividend increases and the 404th consecutive quarter of dividend payments. The new annual payout will be $2.16 per share, offering an approximate 3.9% yield, double that of the S&P 500 Index. The company emphasizes its commitment to returning capital to shareholders, having generated over $3 billion in operating cash flow and returned $1.2 billion through dividends and share repurchases over the past five years.