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Key Takeaways Sonoco's Q2 adjusted EPS beat estimates as pricing, FX and productivity offset softer volume and mix.Productivity savings reached $10 million in Q2, bringing annualized savings to about $38 million.Sonoco reaffirmed its 2026 guidance, expecting adjusted EPS near the low end of $5.80-$6.20. Sonoco Products Company (SON - Free Report) reported adjusted earnings of $1.51 per share in the second quarter of 2026, beating the Zacks Consensus Estimate of $1.47 by 2.72%. The figure rose 10.2% from $1.37 in the year-ago quarter. Pricing actions, favorable foreign-exchange movements and productivity gains helped offset softer volume/mix during the quarter.

Including one-time items, the company reported earnings of $1.05 per share from continuing operations compared with 69 cents in the year-ago quarter. Including discontinued operations, second-quarter 2026 earnings were $1.05 compared with $4.96 in the year-ago quarter.

Net sales of $1.885 billion declined 1.3% year over year and missed the consensus mark of $1.886 billion by 0.05%. SON’s top line declined from the prior-year period primarily due to the absence of sales from the ThermoSafe business, which was divested in November 2025.

The profitability performance program delivered $10 million in savings during the quarter. Annualized savings reached approximately $38 million, representing 25% of the minimum target under Sonoco’s three-year goal of $150-$200 million.

Sonoco’s Gross Profit Falls in Q2The cost of sales was $1.49 billion, down 0.7% from the year-earlier quarter. Gross profit totaled $392 million, declining 3.4% year over year. The gross margin was 20.8% compared with 21.3% in the prior-year quarter.

Selling, general and administrative expenses amounted to $200 million, down 8.5% year over year.

Adjusted operating income was $242 million, down 1.8% from the prior-year quarter’s $246.9 million. The adjusted operating margin was 12.9%, broadly unchanged year over year.

Adjusted EBITDA was $324 million, down 1.2% from the year-ago quarter.

Sonoco’s Segmental PerformanceThe Consumer Packaging segment’s net sales rose 1.2% year over year to $1.24 billion. The increase reflected pricing actions to offset inflation and tariff-related costs, along with favorable foreign-currency movements, partially offset by softer volumes. The segment’s adjusted EBITDA amounted to $206.7 million, down 3.1% from the prior-year quarter.

Net sales in the Industrial Paper Packaging segment were $643.6 million, reflecting year-over-year growth of 4.2%. The increase was driven by successful pricing actions and favorable foreign exchange. Adjusted segment EBITDA totaled $122.2 million, up 2.9% year over year, as productivity and procurement savings helped offset higher raw-material, freight and other operating costs.

Sonoco’s Cash Flow & Balance Sheet UpdatesThe operating cash flow reached a second-quarter record of $301 million, up 56% year over year. The free cash flow climbed 139% to $237 million, reflecting disciplined working-capital management and a capital expenditure of $64 million.

Cash and cash equivalents were $168.6 million at the quarter-end, down from $378.4 million at the end of the prior-year quarter. Total debt and net debt stood at $4.5 billion and $4.3 billion, respectively, while available liquidity totaled $1.3 billion.

SON Reaffirms 2026 OutlookSonoco maintained its 2026 net sales guidance of $7.25-$7.75 billion and the adjusted EBITDA outlook of $1.25-$1.35 billion. The company also reiterated its operating cash flow forecast of $700-$800 million.

Adjusted earnings guidance is pegged at $5.80-$6.20 per share, with the company continuing to expect results near the low end. Pricing actions, contract resets and productivity initiatives are expected to improve margins in the second half, although inflation and macroeconomic uncertainty remain the key risks.

Sonoco’s Price PerformanceThe company’s shares have gained 21.2% in the past year against the industry’s 5.3% decline.

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SON’s Zacks RankPackaging Stocks Awaiting ResultsBall Corporation (BALL - Free Report) is scheduled to release second-quarter 2026 results on Aug. 4. The Zacks Consensus Estimate for BALL’s second-quarter 2026 earnings is pegged at 99 cents per share, suggesting year-over-year growth of 10%.

The Zacks Consensus Estimate for Ball Corp’s top line is pegged at $3.67 billion, indicating growth of 9.8% from the prior-year reported figure. Ball Corp has a trailing four-quarter average surprise of 3.7%.

Silgan Holdings Inc. (SLGN - Free Report) is scheduled to release second-quarter 2026 results on July 29. The Zacks Consensus Estimate for SLGN’s second-quarter 2026 earnings is pegged at 96 cents per share, implying a year-over-year dip of 4.9%.

The Zacks Consensus Estimate for Silgan Holdings’ top line is pegged at $1.62 billion, suggesting an increase of 5.1% from the prior-year reported figure. Silgan Holdings has a trailing four-quarter average surprise of 1.8%.

AptarGroup, Inc. (ATR - Free Report) is scheduled to release second-quarter 2026 results on July 30. The Zacks Consensus Estimate for AptarGroup’s second-quarter 2026 earnings is pegged at $1.34 per share, indicating a year-over-year dip of 19.3%.

The Zacks Consensus Estimate for the company’s top line is pegged at $1 billion, implying growth of 3.8% from the prior-year reported figure. ATR has a trailing four-quarter average surprise of 3.1%.

HARTSVILLE, S.C., July 22, 2026 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), a Mid-cap Value global packaging company, today reported financial results for the second quarter ended June 28, 2026.

Summary:

Net sales in the second quarter were $1.9 billion Industrial Paper Packaging segment results exceeded expectations as North America uncoated recycled paperboard (URB) trade ton sales volume grew 6%EMEA/APAC paper cans sales volume up 9% Reported GAAP net income of $105 million, or $1.05 diluted earnings per share, compared to $493 million, or $4.96, in the same period in 2025, which included a gain from the sale of the Thermoformed and Flexibles Packaging and global Trident (“TFP”) business totaling $425 millionImproved quarterly adjusted net income by 10.6% to $151 million compared to the same period in 2025, and reported adjusted diluted earnings per share of $1.51Reported GAAP operating profit of $193 million in the second quarter of 2026, compared with $176 million in the same period in 2025Second quarter adjusted operating profit of $242 million and adjusted EBITDA of $324 millionGenerated a second quarter record operating cash flow of $301 million, and used $(67) million of operating cash flow year-to-date, which included approximately $103 million in one-time taxes paid in 2026 on gains from the sales of the divested TFP and ThermoSafe businesses in 2025 2026 Guidance:

Reaffirming full-year 2026 guidance for sales, adjusted EBITDA, adjusted earnings per share and operating cash flow as reported with our April first quarter results. *Note: References in today’s news release to 2025 consolidated “net sales,” “operating profit,” and “adjusted operating profit,” and Consumer Packaging “segment operating profit” and “segment adjusted EBITDA,” do not include results of TFP, which was sold in April 2025 and is accounted for as discontinued operations in periods prior to the sale. “GAAP” refers to U.S. generally accepted accounting principles.

     Second Quarter2026Consolidated Results
 (Dollars in millions except per share data)
           Three Months Ended Six Months Ended GAAP ResultsJune 28, 2026June 29, 2025Change June 28, 2026June 29, 2025Change Net sales1 $1,885$1,910(1.3)% $3,562$3,620(1.6)% Net sales related to discontinued operations — —NM  — 321NM Operating profit1 193 1769.8%  320 3035.8% Operating profit related to discontinued operations — 626NM  — 664NM Net income attributable to Sonoco 105 493(78.7)%  172 548(68.5)% EPS (diluted) 1.05 4.96(78.8)%  1.73 5.51(68.6)%           Three Months Ended Six Months Ended Non-GAAP Results2June 28, 2026June 29, 2025Change June 28, 2026June 29, 2025Change Adjusted operating profit1$242$247(1.8)% $443$460(3.6)% Adjusted EBITDA 324 328(1.2)%  601 666(9.8)% Adjusted net income attributable to Sonoco 151 13610.6%  270 273(1.1)% Adjusted EPS (diluted) 1.51 1.3710.2%  2.71 2.74(1.1)% NM = Not Meaningful        1Excludes results of discontinued operations. 2See the Company’s definitions of non-GAAP financial measures, explanations as to why they are used, and reconciliations to the most directly comparable GAAP financial measures later in this release.   Second quarter 2026 net sales of $1.9 billion were down (1.3)% compared to the corresponding prior-year quarter, driven primarily by the November 3, 2025 divestiture of the ThermoSafe business. Additionally, net sales benefited from higher prices implemented to offset the effects of inflation and tariffs and from the favorable impact of foreign exchange rates, partially offset by lower volume/mix. GAAP operating profit for the second quarter was up 9.8% to $193 million compared to the corresponding prior-year quarter, due to productivity savings from fixed cost reduction initiatives and procurement savings. These positive factors were offset by the absence of operating profit from the divested ThermoSafe business and lower volume/mix. Effective tax rates on GAAP income from continuing operations before income taxes and adjusted income from continuing operations before income taxes, were 27.8% and 23.8%, respectively, in the second quarter, compared to 37.3% and 25.6%, respectively, in the same period in 2025. “Our Sonoco team delivered solid second quarter results that met our expectations and exceeded consensus estimates as productivity and cost control initiatives helped offset global inflation headwinds stemming from higher logistics, chemicals, resins and other raw material costs,” said Howard Coker, President and Chief Executive Officer. “Results from our Industrial Paper Packaging segment exceeded expectations with operating profit up 4% during the period and up 29% from the first quarter. The Industrial segment improvement was primarily driven by productivity gains which more than offset price/cost headwinds. North America URB trade tons grew 6% which boosted mill utilization to 95%, while the segment’s volume/mix was flat. Our Consumer Packaging segment operating profit declined approximately 5% during the period but was up 22% sequentially from the first quarter. Productivity and cost containment initiatives boosted Consumer segment results. Paper can volumes were up 9% in EMEA/APAC due to rising snack demand, but overall segment volumes were down 1.8% driven primarily by lower metal aerosol cans and adhesive and sealant tube demand.”

Paul Joachimczyk, Sonoco’s Chief Financial Officer, added, “Our businesses continue to demonstrate tremendous cash-generating capabilities, delivering a record second-quarter operating cash flow of $301 million and free cash flow of $237 million, increases of 56% and 139%, respectively, compared to the prior year. These results reflect disciplined working capital management and the earnings power of our portfolio. Year-to-date operating cash flow includes approximately $103 million of one-time tax payments related to gains from our 2025 divestitures, highlighting that our underlying cash flow performance is strong and supports our confidence in reaffirming full-year guidance.”

Second Quarter 2026 Segment Results
(Dollars in millions except per share data)

Sonoco reports its financial results in two reportable segments: Consumer Packaging (“Consumer”) and Industrial Paper Packaging (“Industrial”).

As previously announced, effective January 1, 2026, results of the Company’s industrial and specialty plastics business (“Industrial Plastics”), the only business remaining in the All Other group of businesses following the November 2025 divestiture of ThermoSafe, are now included in the Industrial segment. Therefore, the Company no longer provides results of the All Other group of businesses.

  Three Months Ended Six Months Ended ConsumerJune 28, 2026 June 29, 2025Change June 28, 2026 June 29, 2025Change            Net sales1$1,242  $1,227 1.2% $2,339  $2,294 2.0% Segment operating profit1$152  $160 (5.4)% $277  $301 (7.9)% Segment operating profit margin1 12.2%  13.1%   11.9%  13.1%  Segment Adjusted EBITDA1, 2$207  $213 (3.1)% $383  $403 (4.9)% Segment Adjusted EBITDA margin1, 2 16.6%  17.4%   16.4%  17.6%  Consumer segment net sales grew 1.2%, reflecting successful pricing actions to recover inflation and tariff-related costs, along with favorable foreign exchange. Volume trends remained below prior-year levels.Solid manufacturing productivity improvements and disciplined cost management helped mitigate the impact of softer volumes on segment operating profit and adjusted EBITDA.   Three Months Ended Six Months Ended IndustrialJune 28, 2026 June 29, 2025Change June 28, 2026 June 29, 2025Change            Net sales3$643  $617 4.2% $1,223  $1,205 1.5% Segment operating profit3$89  $86 4.0% $159  $162 (2.2)% Segment operating profit margin 13.9%  13.9%   13.0%  13.5%  Segment Adjusted EBITDA2, 3$122  $119 2.9% $222  $226 (1.9)% Segment Adjusted EBITDA margin2 19.0%  19.2%   18.1%  18.8%  Industrial segment net sales increased 4.2% to $643 million, reflecting successful pricing actions and favorable foreign exchange.Segment operating profit margin remained resilient at 13.9%, consistent with the prior year, while adjusted EBITDA margin of 19.0% benefited from strong productivity initiatives related to procurement savings and fixed cost reduction that helped offset higher raw material, freight and other operating costs. 1 Excludes results of discontinued operations.
2 Segment adjusted EBITDA and adjusted EBITDA margin are non-GAAP financial measures. See the Company’s reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures later in this release.
3 Net sales, segment operating profit, and segment adjusted EBITDA for the three months ended June 29, 2025 include results from Industrial Plastics of $29 million, $5 million, and $6 million, respectively, previously included in All Other, to provide clearer year-over-year comparisons.

Balance Sheet and Cash Flow Highlights

The Company maintained strong liquidity of $1.3 billion at June 28, 2026, consisting of $1.1 billion of available borrowing capacity under its revolving credit facility and cash on hand.Cash and cash equivalents were $169 million as of June 28, 2026, compared to $378 million, as of December 31, 2025.Total debt and net debt were $4.5 billion and $4.3 billion, respectively, as of June 28, 2026, primarily reflecting seasonal working capital requirements within the Company's metal packaging business.Cash flow from operating activities for the period ended June 28, 2026 was a use of $(67) million, compared to a use of $(15) million in the same period of 2025. The main drivers of the year-over-year change in operating cash flow were a one-time payment of taxes in 2026 on the gains from the 2025 divestitures of the TFP and ThermoSafe businesses and the seasonal need for working capital for the Company’s metal packaging business.Capital expenditures, net of proceeds from sales of fixed assets, for 2026 were $124 million, compared to $186 million last year.Free Cash Flow for the period ended June 28, 2026 improved to $(191) million compared to $(201) million in the same period in 2025, reflecting the factors impacting operating cash flow discussed above.The Company returned $106 million to shareholders through dividends during the first half of 2026, compared to $104 million in the prior year period. Guidance(1)         

Full-Year 2026

Net Sales: $7.25 billion to $7.75 billion, in line with previous guidanceAdjusted EPS(2): Maintaining annual adjusted EPS guidance of $5.80 to $6.20 per diluted share and continuing to expect results toward the low end of the rangeAdjusted EBITDA(2): Guidance of $1.25 billion to $1.35 billion is unchanged from previous guidanceCash flow from operating activities: Guidance remains unchanged at $700 million to $800 million, including the effect of payments of prior year taxes on gains from divestitures and restructuring costs Commenting on Sonoco’s outlook, Howard Coker said, “Entering the second half of the year we are encouraged that several key indicators are strengthening in our favor as we begin our busiest period of the year. Demand for our URB in North America is very strong as a result of entering new markets, such as saturating URB for laminated products, along with share gains that have expanded our backlogs and require that we import paper from our Europe and Latin America mills through the third quarter. In our Consumer segment, projected paper can growth in Europe, Asia, and South America has us exploring additional capacity expansion plans while customer promotions and new product launches are projected to lift both paper and metal can volumes as we enter the important seasonal pack season in both the U.S. and EMEA. While we remain mindful of external macroeconomic risks, we are confident in our strategy, portfolio and ability to execute through economic cycles.”

Joachimczyk added, “As pricing actions and contract resets take effect, we expect improved margin performance across our portfolio. Combined with ongoing productivity initiatives, disciplined cost management and execution of our profitability performance plan, we remain confident in achieving our long-term goal of improving margins by 200 basis points by the end of 2028.”

(1)Although the Company believes the assumptions reflected in the range of guidance are reasonable, given the uncertainty regarding the future performance of the overall economy, the effects of tariffs, trade policy and inflation, the challenges in global supply chains, potential changes in raw material prices, other costs, and the Company’s effective tax rate, as well as other risks and uncertainties, including those related to the integration of Eviosys and described below, actual results could vary substantially. Further information can be found in the section entitled “Forward-looking Statements” in this release.

(2) Full year 2026 GAAP guidance is not provided in this release due to the likely occurrence of one or more of the following, the timing and magnitude of which we are unable to reliably forecast without unreasonable efforts: restructuring costs and restructuring-related impairment charges, acquisition/divestiture-related costs, gains or losses from the sale of businesses and the income tax effects of these items and/or other income tax-related events. These items could have a significant impact on the Company’s future GAAP financial results. Accordingly, quantitative reconciliations of Adjusted EPS and Adjusted EBITDA guidance and net debt/Adjusted EBITDA targets to the nearest comparable GAAP measures have been omitted in reliance on the exception provided by Item 10 of Regulation S-K.        

Earnings Conference Call Webcast
Sonoco’s management will host a conference call to discuss its second quarter 2026 results on Thursday, July 23, 2026, at 8:00 a.m. Eastern Time. The Company will provide prepared remarks, a presentation and host a question-and-answer session during the call. A live audio webcast of the call along with supporting materials will be available on the Sonoco Investor Relations website at https://investor.sonoco.com/. A webcast replay will be available on the Company’s website for at least 30 days following the call.

  Time:Thursday, July 23, 2026, at 8:00 a.m. Eastern Time
  Audience
Dial-In:To listen via telephone, please register in advance at:
https://events.q4inc.com/analyst/818434126?pwd=xd1mxKQrAfter registration, all telephone participants will receive the dial-in number along with a unique PIN number that can be used to access the call.

  Webcast Link:https://events.q4inc.com/attendee/818434126  Contact Information: 
Roger Schrum
Head of Investor Relations and Communications
[email protected]        
843-339-6018

About Sonoco
Sonoco (NYSE: SON) is a Mid-cap Value global packaging company. With sales of $7.5 billion from continuing operations in 2025, the Company has approximately 22,000 employees working in 265 operations in 37 countries, serving some of the world’s best-known brands. Guided by our purpose of Better Packaging. Better Life., we strive to foster a culture of innovation, collaboration and excellence to provide solutions that better serve all our stakeholders and support a more sustainable future. A Fortune 500 company, Sonoco was proudly named one of the World’s Most Admired Companies by Fortune in 2026 as well as one of America’s Most Trustworthy and Responsible Companies by Newsweek and USA Today’s Climate Leaders in 2025. For more information on the Company, visit our website at www.sonoco.com.

Forward-looking Statements
Statements included herein that are not historical in nature, are intended to be, and are hereby identified as “forward- looking statements” for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. In addition, the Company and its representatives may from time to time make other oral or written statements that are also “forward-looking statements.” Words such as “achieve,” “believe,” “can,” “continue,” “continuing,” “could,” “deliver,” “enhance,” “expect,” “forecast,” “focus,” “future,” “goal,” “guidance,” “improvement,” “likely,” “may,” “might,” “ongoing,” “outlook,” “plan,” “projected,” “remain,” “seek,” “should,” “strategy,” “target,” “will,” “would,” “working,” or the negative thereof, and similar expressions identify forward-looking statements.

Forward-looking statements in this communication include statements regarding, but not limited to: the Company’s future operating and financial performance, including full year 2026 outlook and the anticipated drivers thereof and cash flow in 2026; the Company’s ability to improve its competitive position and drive cost savings, including through its profitability performance plan; price/cost, customer demand and volume outlook; the continued focus on planned structural and operational savings actions to achieve long-term margin improvement goals; the effectiveness of and expected benefits from the Company’s strategy and strategic initiatives, including with respect to sustainable growth, margin improvement, and capital allocation, and focused metal and paper packaging portfolio; the effects of the changing macroeconomic and geopolitical environment, including trade policies and tariffs, market conditions, inflation and interest costs on the Company, its supply chain and its customers, and the Company’s ability to manage risks related thereto; and the Company’s ability to execute through economic cycles.

Such forward-looking statements are based on current expectations, estimates and projections about our industry, management’s beliefs and certain assumptions made by management. Such information includes, without limitation, discussions as to guidance and other estimates, perceived opportunities, expectations, beliefs, plans, strategies, goals and objectives concerning our future financial and operating performance. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict.

Therefore, actual results may differ materially from those expressed or forecasted in such forward-looking statements.

Such risks, uncertainties and assumptions include, without limitation, those related to: the Company’s ability to execute on its strategy, including with respect to the integration of the Eviosys operations, divestitures, cost management, productivity improvements, restructuring and capital expenditures, and achieve the benefits it expects therefrom; conditions in the credit markets; the ability to retain key employees and successfully integrate Eviosys; the ability to realize estimated cost savings, synergies or other anticipated benefits of the Eviosys acquisition, or that such benefits may take longer to realize than expected; diversion of management’s attention; the potential impact of the consummation of the Eviosys acquisition on relationships with clients and other third parties; lower-than-projected financial performance of the Company’s European business, including as a result of loss or reduction in business from key customers, changes in our pricing model, or adverse changes in the macroeconomic or competitive environment in European markets; risks related to the impairment of goodwill and other intangibles; the operation of new manufacturing capabilities; the Company’s ability to achieve anticipated cost and energy savings; the availability, transportation and pricing of raw materials, energy and transportation, including the impact of changes in tariff or other trade policies or sanctions and escalating trade wars, and the impact of war, general regional instability and other geopolitical tensions (such as the ongoing conflicts between Russia and Ukraine and in the Middle East, the potential escalation of tensions between China and Taiwan and recent events in Venezuela), and the Company’s ability to continue to pass raw material, energy and transportation price increases and surcharges through to customers or otherwise manage these commodity pricing risks; the costs of labor; the effects of inflation, changes related to tariffs or other trade policies and global regulations, as well as the overall uncertainty surrounding international trade relations; fluctuations in consumer demand, volume softness, and other macroeconomic factors on the Company and the industries in which it operates and that it serves; the impact of changing laws and regulations, in the United States, on the Company; the Company’s ability to meet its environmental, sustainability and similar goals and other social and governance goals, including challenges in implementation thereof; natural disasters, severe weather events, and other unexpected disruptions to facility operations; and the other risks, uncertainties and assumptions discussed in the Company’s filings with the Securities and Exchange Commission, including its most recent reports on Forms 10-K and 10-Q, particularly under the heading “Risk Factors.” The Company undertakes no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events discussed herein might not occur.

References to our Website Address

References to our website address and domain names throughout this release are for informational purposes only, or to fulfill specific disclosure requirements of the Securities and Exchange Commission’s rules or the New York Stock Exchange Listing Standards. These references are not intended to, and do not, incorporate the contents of our website by reference into this release.

 CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)(Dollars and shares in thousands except per share data)         Three Months Ended Six Months Ended  June 28, 2026 June 29, 2025 June 28, 2026 June 29, 2025Net sales $1,885,485  $1,910,441  $3,561,927  $3,619,669 Cost of sales  1,493,108   1,504,164   2,823,922   2,859,705 Gross profit  392,377   406,277   738,005   759,964 Selling, general and administrative expenses  200,247   218,775   401,785   427,838 Restructuring/Asset impairment charges, net  1,933   9,752   17,066   23,333 Gain/(Loss) on divestiture of business  2,640   (2,083)  775   (6,266)Operating profit  192,837   175,667   319,929   302,527 Non-operating pension costs  2,920   2,982   5,416   6,103 Interest expense  45,478   64,367   89,972   120,394 Interest income  4,064   4,122   12,715   11,470 Other expense, net  (6,191)  (6,559)  (18,499)  (13,076)Income from continuing operations before income taxes  142,312   105,881   218,757   174,424 Provision for income taxes  39,551   39,500   49,061   60,647 Income before equity in earnings of affiliates  102,761   66,381   169,696   113,777 Equity in earnings of affiliates, net of tax  2,263   2,270   2,953   4,191 Net income from continuing operations  105,024   68,651   172,649   117,968 Net income from discontinued operations  —   424,548   —   429,720 Net income  105,024   493,199   172,649   547,688 Net (income)/loss from continuing operations attributable to noncontrolling interests  (130)  224   (154)  164 Net income attributable to Sonoco $104,894  $493,423  $172,495  $547,852          Weighted average common shares outstanding – diluted  99,781   99,539   99,748   99,453          Diluted earnings from continuing operations per common share $1.05  $0.69  $1.73  $1.19 Diluted earnings from discontinued operations per common share  —   4.27   —   4.32 Diluted earnings attributable to Sonoco per common share $1.05  $4.96  $1.73  $5.51 Dividends per common share $0.54  $0.53  $1.07  $1.05   CONDENSED STATEMENTS OF INCOME FOR DISCONTINUED OPERATIONS (Unaudited)(Dollars and shares in thousands except per share data)       Three Months Ended Six Months Ended  June 29, 2025 June 29, 2025     Net sales$— $320,678Cost of sales —  250,854Gross profit —  69,824Selling, general, and administrative expenses —  31,607Restructuring/Asset impairment charges, net —  426Gain on divestiture of business 625,773  625,773Operating profit 625,773  663,564Other expense, net —  182Interest expense —  24,911Interest income —  281Income from discontinued operations before income taxes 625,773  638,752Provision for income taxes 201,225  209,032Net income from discontinued operations 424,548  429,720Net income from discontinued operations attributable to noncontrolling interests —  —Net income attributable to discontinued operations$424,548 $429,720Weighted average common shares outstanding – diluted 99,539  99,453Diluted earnings from discontinued operations per common share$4.27 $4.32  FINANCIAL SEGMENT INFORMATION (Unaudited)(Dollars in thousands)       Three Months Ended Six Months Ended   June 28, 2026 June 29, 2025 June 28, 2026 June 29, 2025Net sales:        Consumer Packaging$1,241,839  $1,227,033  $2,338,914  $2,293,626  Industrial Paper Packaging 643,646   617,661   1,223,013   1,205,193  Total reportable segments 1,885,485   1,844,694   3,561,927   3,498,819  All Other —   65,747   —   120,850  Net sales$1,885,485  $1,910,441  $3,561,927  $3,619,669                    Operating profit:        Consumer Packaging$151,705  $160,353  $277,354  $301,124  Industrial Paper Packaging 89,379   85,934   158,625   162,265  Segment operating profit 241,084   246,287   435,979   463,389  All Other —   8,406   —   15,125  Corporate        Restructuring/Asset impairment charges, net (1,933)  (9,752)  (17,066)  (23,333) Amortization of acquisition intangibles (45,570)  (44,193)  (89,890)  (86,154) Gain/(Loss) on divestiture of business 2,640   (2,083)  775   (6,266) Acquisition, integration, and divestiture-related costs (2,083)  (11,161)  (8,421)  (38,427) Other operating charges, net (1,301)  (11,837)  (1,448)  (21,807) Operating profit$192,837  $175,667  $319,929  $302,527   CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)(Dollars in thousands)       Six Months Ended   June 28, 2026 June 29, 2025      Net income$172,649  $547,688 Net loss/(gain) on divestiture of business, disposition of assets, and asset impairments 4,248   (612,543)Depreciation and amortization 256,125   250,967 Pension and postretirement plan contributions, net of non-cash expense (2,556)  (1,727)Changes in working capital (301,117)  (263,420)Changes in tax accounts (98,182)  142,031 Other operating activity (98,475)  (77,649)Net cash used by operating activities (67,308)  (14,653)      Purchases of property, plant and equipment, net (123,873)  (186,393)Proceeds from the sale of business, net1 (13,076)  1,814,930 Cost of acquisitions, net of cash acquired2 —   16,528 Net debt proceeds/(repayments) 116,078   (1,668,876)Cash dividends (105,790)  (103,558)Payments for share repurchases (7,011)  (10,576)Other (outflow)/inflow, including effects of exchange rates on cash (8,770)  39,338 Net decrease in cash and cash equivalents (209,750)  (113,260)Cash and cash equivalents at beginning of period 378,398   443,060 Cash and cash equivalents at end of period$168,648  $329,800 12026 includes payments of $15,211 and $1,865 to the buyers of TFP and ThermoSafe, respectively, for final net working capital settlements on these 2025 divestitures.22025 includes a cash receipt of $16,528 for the final net working capital settlement related to the 2024 acquisition of Eviosys.  CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)(Dollars in thousands)   June 28, 2026 December 31, 2025Assets   Current Assets:    Cash and cash equivalents$168,648 $378,398 Trade accounts receivable, net of allowances 1,011,392  842,810 Other receivables 184,121  178,755 Inventories, net 1,255,419  1,121,009 Prepaid expenses 167,778  125,352  Total Current Assets 2,787,358  2,646,324Property, plant and equipment, net 2,707,744  2,797,800Goodwill 2,463,738  2,511,611Other intangible assets, net 2,533,392  2,683,474Right of use asset-operating leases 302,699  307,450Deferred income taxes and other assets 179,152  215,675  Total Assets$10,974,083 $11,162,334Liabilities and Equity   Current Liabilities:    Payable to suppliers, accrued expenses and other payables$1,794,492 $1,861,904 Notes payable and current portion of long-term debt 968,752  537,952 Accrued taxes 38,583  128,821  Total Current Liabilities 2,801,827  2,528,677Long-term debt, net of current portion 3,484,464  3,788,973Noncurrent operating lease liabilities 259,244  263,192Pension and other postretirement benefits 169,527  177,976Deferred income taxes and other liabilities 660,498  771,684  Total Liabilities 7,375,560  7,530,502  Total Equity 3,598,523  3,631,832  Total Liabilities and Equity$10,974,083 $11,162,334 NON-GAAP FINANCIAL MEASURES

The Company’s results, determined in accordance with U.S. generally accepted accounting principles, are referred to as “as reported” or “GAAP” results. The Company uses certain financial performance measures, both internally and externally, that are not in conformity with GAAP (referred to as “non-GAAP financial measures”) to assess and communicate the financial performance of the Company. These non-GAAP financial measures, which are identified using the term “Adjusted” (for example, “Adjusted Operating Profit,” “Adjusted Net Income Attributable to Sonoco,” and “Adjusted Diluted EPS”), reflect adjustments to the Company’s GAAP operating results to exclude amounts, including the associated tax effects where applicable, relating to:

restructuring/asset impairment charges1;acquisition, integration and divestiture-related costs;gains or losses from the divestiture of businesses;losses from the early extinguishment of debt;non-operating pension costs;amortization expense on acquisition intangibles;changes in last-in, first-out (“LIFO”) inventory reserves;certain income tax events and adjustments;derivative gains/losses;other non-operating income and losses; andcertain other items, if any. 1Restructuring and restructuring-related asset impairment charges are a recurring item as the Company’s restructuring programs usually require several years to fully implement, and the Company is continually seeking to take actions that could enhance its efficiency. Although recurring, these charges are subject to significant fluctuations from period to period due to the varying levels of restructuring activity, the inherent imprecision in the estimates used to recognize the impairment of assets, and the wide variety of costs and taxes associated with severance and termination benefits in the countries in which the restructuring actions occur.

The Company’s management believes the exclusion of the amounts related to the above-listed items improves the period-to-period comparability and analysis of the underlying financial performance of the business.

In addition to the “Adjusted” results described above, the Company also uses Adjusted EBITDA, Segment Adjusted EBITDA, Segment Adjusted EBITDA Margin, and Net Debt. Adjusted EBITDA is defined as net income excluding the following: interest expense; interest income; provision for income taxes; depreciation and amortization expense; non-operating pension costs; net income/loss attributable to noncontrolling interests; restructuring/asset impairment charges; changes in LIFO inventory reserves; gains/losses from the divestiture of businesses; acquisition, integration and divestiture-related costs; other income; derivative gains/losses; and other non-GAAP adjustments, if any, that may arise from time to time. Segment Adjusted EBITDA is defined as segment operating profit plus depreciation and amortization expense and equity in earnings of affiliates, net of tax. Segment Adjusted EBITDA Margin is defined as Segment Adjusted EBITDA divided by segment net sales. Net Debt is defined as the total of the Company’s short and long-term debt less cash and cash equivalents.

Segment Adjusted EBITDA is reconciled to the closest GAAP measure of segment profitability, segment operating profit as the Company does not calculate net income by segment. Segment operating profit is the measure of segment profit or loss reported to the chief operating decision maker for purposes of making decisions about allocating resources to the segments and assessing their performance in accordance with Accounting Standards Codification 280 - “Segment Reporting,” as prescribed by the Financial Accounting Standards Board.

Segment results, which are reviewed by the Company’s management to evaluate segment performance, do not include the following: restructuring/asset impairment charges; amortization of acquisition intangibles; acquisition, integration and divestiture-related costs; changes in LIFO inventory reserves; gains/losses from the sale of businesses; gains/losses from derivatives; or certain other items, if any, the exclusion of which the Company believes improves the comparability and analysis of the ongoing operating performance of the business. Accordingly, the term “segment operating profit” is defined as the segment’s portion of “operating profit” excluding those items. All other general corporate expenses have been allocated as operating costs to each of the Company’s reportable segments, except for costs related to discontinued operations.

The Company’s non-GAAP financial measures are not calculated in accordance with, nor are they an alternative for, measures conforming to GAAP, and they may be different from non-GAAP financial measures used by other companies. In addition, these non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles.

The Company presents these non-GAAP financial measures to provide investors with information to evaluate Sonoco’s operating results in a manner similar to how management evaluates business performance. The Company consistently applies its non-GAAP financial measures presented herein and uses them for internal planning and forecasting purposes, to evaluate its ongoing operations, and to evaluate the ultimate performance of management and each business unit against plans/forecasts. In addition, these same non-GAAP financial measures are used in determining incentive compensation for the entire management team and in providing earnings guidance to the investing community.

Material limitations associated with the use of such measures include that they do not reflect all period costs included in operating expenses and may not be comparable with similarly named financial measures of other companies. Furthermore, the calculations of these non-GAAP financial measures are based on subjective determinations of management regarding the nature and classification of events and circumstances that the investor may find material and view differently.

To compensate for any limitations in such non-GAAP financial measures, management believes that it is useful in evaluating the Company’s results to review both GAAP information, which includes all of the items impacting financial results, and the related non-GAAP financial measures that exclude certain elements, as described above. Further, Sonoco management does not, nor does it suggest that investors should, consider any non-GAAP financial measures in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Whenever reviewing a non-GAAP financial measure, investors are encouraged to review and consider the related reconciliation to understand how it differs from the most directly comparable GAAP measure.

Free Cash Flow

The Company uses the non-GAAP financial measure of “Free Cash Flow,” which it defines as cash flow from operations minus net capital expenditures. Net capital expenditures are defined as capital expenditures minus proceeds from the disposition of capital assets. Free Cash Flow may not represent the amount of cash flow available for general discretionary use because it excludes non-discretionary expenditures, such as mandatory debt repayments and required settlements of recorded and/or contingent liabilities not reflected in cash flow from operations.

QUARTERLY RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES

The following tables reconcile the Company’s non-GAAP financial measures to their most directly comparable GAAP financial measures in the Company’s Condensed Consolidated Statements of Income for the three-month periods ended June 28, 2026 and June 29, 2025.

Adjusted Operating Profit, Adjusted Income from Continuing Operations Before Income Taxes, Adjusted Provision for Income Taxes, Adjusted Net Income Attributable to Sonoco, and Adjusted Diluted EPS

 For the three-month period ended June 28, 2026Dollars in thousands, except per share dataOperating ProfitIncome from Continuing Operations Before Income TaxesProvision for Income TaxesNet Income Attributable to SonocoDiluted EPSAs Reported (GAAP)$192,837 $142,312 $39,551 $104,894 $1.05 Acquisition, integration and divestiture-related costs1 2,083  2,083  (199) 2,282  0.02 Changes in LIFO inventory reserves 1,154  1,154  285  869  0.01 Amortization of acquisition intangibles 45,570  45,570  10,038  35,532  0.36 Restructuring/Asset impairment charges, net 1,933  1,940  17  1,930  0.02 Gain on divestiture of business2 (2,640) (2,640) (650) (1,990) (0.02)Non-operating pension costs —  2,920  749  2,171  0.02 Net losses from derivatives 254  254  63  191  — Other adjustments 1,231  1,231  (3,417) 4,648  0.05 Total adjustments 49,585  52,512  6,886  45,633  0.46 Adjusted$242,422 $194,824 $46,437 $150,527 $1.51 Due to rounding, individual items may not sum appropriately.    1 Acquisition, integration and divestiture-related costs relate primarily to the Company’s December 2024 acquisition of Eviosys.
2 Gain on divestiture of business reflects the gain of $2,640 from the sale of a recycling facility in Savannah, Georgia.

   For the three-month period ended June 29, 2025Dollars in thousands, except per share dataOperating ProfitIncome from Continuing Operations Before Income TaxesProvision for Income TaxesNet Income Attributable to SonocoDiluted EPSAs Reported (GAAP)1$175,667$105,881$39,500 $493,423 $4.96 Acquisition, integration and divestiture-related costs2 11,161 11,161 2,120  9,041  0.09 Changes in LIFO inventory reserves 1,193 1,193 291  902  0.01 Amortization of acquisition intangibles 44,193 44,193 9,401  34,792  0.35 Restructuring/Asset impairment charges, net 9,752 9,752 2,197  7,173  0.07 Loss/(Gain) on divestiture of business 2,083 2,083 514  (422,979) (4.25)Non-operating pension costs — 2,982 761  2,221  0.02 Net losses from derivatives 2,154 2,154 548  1,606  0.02 Other adjustments3 735 735 (9,201) 9,936  0.10 Total adjustments 71,271 74,253 6,631  (357,308) (3.59)Adjusted$246,938$180,134$46,131 $136,115 $1.37 Due to rounding, individual items may not sum appropriately.    1 Operating profit, income from continuing operations before income taxes, and provision for income taxes exclude results related to discontinued operations of $625,773, $625,773 and $201,225, respectively.
2 Acquisition, integration and divestiture-related costs relate mostly to the Company’s December 2024 acquisition of Eviosys and the divestiture of TFP, which was completed on April 1, 2025.
3 Other adjustments include discrete tax items primarily related to tax rate changes on accumulated other comprehensive income (“AOCI”) and rate differences between non-US jurisdictions related to acquisitions/divestitures.

   Adjusted EBITDA1   Three Months EndedDollars in thousandsJune 28, 2026June 29, 2025Net income attributable to Sonoco$104,894 $493,423 Adjustments:  Interest expense 45,478  64,367 Interest income (4,064) (4,122)Provision for income taxes 39,551  240,725 Depreciation and amortization 131,096  129,475 Non-operating pension costs 2,920  2,982 Net income/(loss) attributable to noncontrolling interests 130  (224)Restructuring/Asset impairment charges, net 1,933  9,752 Changes in LIFO inventory reserves 1,154  1,193 Gain on divestiture of business (2,640) (623,690)Acquisition, integration and divestiture-related costs 2,083  11,161 Net loss from derivatives 254  2,154 Other non-GAAP adjustments 1,231  735 Adjusted EBITDA$324,020 $327,931  1 For the three-month period ended June 29, 2025, adjusted EBITDA is calculated on a total Company basis, including both continuing and discontinued operations.

 Segment Adjusted EBITDA and Adjusted EBITDA Margin ReconciliationFor the Three Months Ended June 28, 2026        Dollars in thousandsConsumerIndustrialCorporateTotalSegment and Total Operating Profit1$151,705 $89,379 $(48,247)$192,837 Adjustments:    Depreciation and amortization2 54,675  30,851  45,570  131,096 Other expense, net3 —  —  (6,191) (6,191)Equity in earnings of affiliates, net of tax 276  1,987  —  2,263 Restructuring/Asset impairment charges, net4 —  —  1,933  1,933 Changes in LIFO inventory reserves5 —  —  1,154  1,154 Acquisition, integration and divestiture-related costs6 —  —  2,083  2,083 Gain on divestiture of business7 —  —  (2,640) (2,640)Net loss from derivatives8 —  —  254  254 Other non-GAAP adjustments —  —  1,231  1,231 Segment Adjusted EBITDA$206,656 $122,217 $(4,853)$324,020      Net Sales$1,241,839 $643,646   Segment Operating Profit Margin 12.2% 13.9%  Segment Adjusted EBITDA Margin 16.6% 19.0%   1As previously announced, effective January 1, 2026, results for Industrial Plastics, previously included in the All Other group of businesses, are included in the Industrial segment. The Company no longer reports the results of any of its businesses in All Other.
2Included in Corporate is the amortization of acquisition intangibles associated with the Consumer segment of $40,507 and the Industrial segment of $5,063.
3These expenses relate to charges from third-party financial institutions related to our centralized treasury program under which the Company sells certain trade accounts receivables in order to accelerate its cash collection cycle, primarily within the Consumer segment.
4Included in Corporate are restructuring/asset impairment charges associated with the Consumer segment of $(170) and the Industrial segment of $1,237.
5Included in Corporate are changes in LIFO inventory reserves associated with the Consumer segment of $1,143 and the Industrial segment of $11.
6Included in Corporate are acquisition, integration and divestiture-related costs associated with the Consumer segment of $2,631and the Industrial segment of $152.
7Included in Corporate is a gain of $2,640 from the sale of a recycling operation in Savannah, Georgia, part of the Industrial segment.
8Included in Corporate are net losses from derivatives associated with the Consumer segment of $12 and the Industrial segment of $242.

 Segment and All Other Adjusted EBITDA and Adjusted EBITDA Margin ReconciliationFor the Three Months Ended June 29, 2025Excludes results of discontinued operations     Dollars in thousandsConsumerIndustrialAll OtherCorporateTotalSegment and Total Operating Profit$160,353 $85,934 $8,406 $(79,026)$175,667 Adjustments:     Depreciation and amortization1 52,801  30,711  1,770  44,193  129,475 Other expense, net2 —  —  —  (6,559) (6,559)Equity in earnings of affiliates, net of tax 170  2,100  —  —  2,270 Restructuring/Asset impairment charges, net3 —  —  —  9,752  9,752 Changes in LIFO inventory reserves4 —  —  —  1,193  1,193 Acquisition, integration and divestiture-related costs5 —  —  —  11,161  11,161 Loss on divestiture of business6 —  —  —  2,083  2,083 Net loss from derivatives7 —  —  —  2,154  2,154 Other non-GAAP adjustments —  —  —  735  735 Segment Adjusted EBITDA$213,324 $118,745 $10,176 $(14,314)$327,931       Net Sales$1,227,033 $617,661 $65,747   Segment Operating Profit Margin 13.1% 13.9% 12.8%  Segment Adjusted EBITDA Margin 17.4% 19.2% 15.5%   1Included in Corporate is the amortization of acquisition intangibles associated with the Consumer segment of $38,333, the Industrial segment of $5,655, and the All Other group of businesses of $205.
2These expenses relate to charges from third-party financial institutions related to our centralized treasury program under which the Company sells certain trade accounts receivables in order to accelerate its cash collection cycle, primarily within the Consumer segment.
3Included in Corporate are restructuring/asset impairment charges associated with the Consumer segment of $1,479, the Industrial segment of $8,228, and a gain in the All Other group of businesses of $5.
4Included in Corporate are changes in LIFO inventory reserves associated with the Consumer segment of $1,193.
5Included in Corporate are acquisition, integration and divestiture-related costs associated with the Consumer segment of $1,137 and the Industrial segment of $213.
6Included in Corporate is a loss on divestiture of business of $2,083 associated with the Industrial segment related to the sale of a recycling operation in Asheville, North Carolina.
7Included in Corporate are net losses from derivatives associated with the Consumer segment of $208, the Industrial segment of $1,864, and the All Other group of businesses of $82.

YEAR-TO-DATE RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES

The following tables reconcile the Company’s non-GAAP financial measures to their most directly comparable GAAP financial measures in the Company’s Condensed Consolidated Statements of Income for the six-month periods ended June 28, 2026 and June 29, 2025.

Adjusted Operating Profit, Adjusted Income from Continuing Operations Before Income Taxes, Adjusted Provision for Income Taxes, Adjusted Net Income Attributable to Sonoco, and Adjusted Diluted EPS

 For the six-month period ended June 28, 2026Dollars in thousands, except per share dataOperating ProfitIncome from Continuing Operations Before Income TaxesProvision for Income TaxesNet Income Attributable to SonocoDiluted EPSAs Reported (GAAP)$319,929 $218,757 $49,061 $172,495 $1.73 Acquisition, integration and divestiture-related costs1 8,421  8,421  1,347  7,074  0.07 Changes in LIFO inventory reserves 5,521  5,521  1,367  4,154  0.04 Amortization of acquisition intangibles 89,890  89,890  19,800  70,090  0.70 Restructuring/Asset impairment charges, net 17,066  17,066  3,505  13,573  0.14 Gain on divestiture of business, net2 (775) (775) (188) (587) (0.01)Other expense, net3 —  6,592  —  6,592  0.07 Non-operating pension costs —  5,416  1,394  4,022  0.04 Net loss from derivatives 167  167  41  126  — Other adjustments4 3,027  3,027  10,687  (7,660) (0.07)Total adjustments 123,317  135,325  37,953  97,384  0.98 Adjusted$443,246 $354,082 $87,014 $269,879 $2.71 Due to rounding, individual items may not sum appropriately.    1 Acquisition, integration and divestiture-related costs relate primarily to the Company’s December 2024 acquisition of Eviosys and the November 2025 divestiture of ThermoSafe.
2 Gain on divestiture of business, net reflects the gain of $2,640 from the sale of a recycling operation in Savannah, Georgia, partially offset by a charge of $1,865 from the final net working capital settlement related to the November 2025 divestiture of ThermoSafe.
3 Amount relates to certain pre-acquisition liabilities related to the SMP EMEA business.
4 Other adjustments to the provision for income taxes include a benefit of $14,232 related to a provision-to-return adjustment for a retroactive U.S. tax election.

   For the six-month period ended June 29, 2025Dollars in thousands, except per share dataOperating ProfitIncome from Continuing Operations Before Income TaxesProvision for Income TaxesNet Income Attributable to SonocoDiluted EPSAs Reported (GAAP)1$302,527 $174,424 $60,647 $547,852 $5.51 Acquisition, integration and divestiture-related costs2 38,427  38,427  8,757  39,336  0.40 Changes in LIFO inventory reserves 1,755  1,755  433  1,322  0.01 Amortization of acquisition intangibles 86,154  86,154  19,005  66,936  0.67 Restructuring/Asset impairment charges, net 23,333  23,333  5,397  17,888  0.18 Loss/(Gain) on divestiture of business3 6,266  6,266  886  (419,168) (4.21)Non-operating pension costs —  6,103  1,559  4,544  0.05 Net gains from derivatives (795) (795) (196) (599) (0.01)Other adjustments4 1,994  1,994  (9,804) 14,844  0.14 Total adjustments 157,134  163,237  26,037  (274,897) (2.77)Adjusted$459,661 $337,661 $86,684 $272,955 $2.74 Due to rounding, individual items may not sum appropriately.    1 Operating profit, income from continuing operations before income taxes, and provision for income taxes exclude results related to discontinued operations of $663,564, $638,752, and $209,032, respectively.
2 Acquisition, integration and divestiture related costs relate mostly to the Company’s December 2024 acquisition of Eviosys and the April 2025 divestiture of TFP.
3 Loss/(gain) on divestiture of business primarily consists of the gain on the sale of the Company’s Thermoformed and Flexibles Packaging business, included in “Net income from discontinued operations” in the Company’s Condensed Consolidated Statements of Income.
4 Other adjustments include discrete tax items primarily related to tax rate changes on AOCI and rate differences between non-U.S. jurisdictions related to acquisitions/divestitures.

   Adjusted EBITDA1   Six Months EndedDollars in thousandsJune 28, 2026June 29, 2025   Net income attributable to Sonoco$172,495 $547,852 Adjustments:  Interest expense 89,972  145,305 Interest income (12,715) (11,751)Provision for income taxes 49,061  269,679 Depreciation and amortization 256,125  250,967 Non-operating pension costs 5,416  6,103 Non-operating other expense 6,592  — Net income/(loss) attributable to noncontrolling interests 154  (164)Restructuring/Asset impairment charges, net 17,066  23,759 Changes in LIFO inventory reserves 5,521  1,755 Gain on divestiture of business (775) (619,507)Acquisition, integration and divestiture-related costs 8,421  51,103 Other income, net —  — Net loss/(gain) from derivatives 167  (795)Other non-GAAP adjustments 3,027  1,381 Adjusted EBITDA$600,527 $665,687     1For the six-month period ended June 29, 2025, Adjusted EBITDA is calculated on a total Company basis, including both continuing and discontinued operations.

The following tables reconcile segment operating profit, the closest GAAP measure of profitability, to segment adjusted EBITDA.

Segment and All Other Adjusted EBITDA and Adjusted EBITDA Margin ReconciliationFor the Six Months Ended June 28, 2026Excludes results of discontinued operationsDollars in thousandsConsumerIndustrialCorporateTotalSegment and Total Operating Profit1$277,354 $158,625 $(116,050)$319,929 Adjustments:    Depreciation and amortization2 105,625  60,610  89,890  256,125 Other expense, net3 —  —  (11,907) (11,907)Equity in earnings of affiliates, net of tax 274  2,679  —  2,953 Restructuring/Asset impairment charges, net4 —  —  17,066  17,066 Changes in LIFO inventory reserves5 —  —  5,521  5,521 Acquisition, integration and divestiture-related costs6 —  —  8,421  8,421 Gain on divestiture of business7 —  —  (775) (775)Net loss from derivatives8 —  —  167  167 Other non-GAAP adjustments —  —  3,027  3,027 Segment Adjusted EBITDA$383,253 $221,914 $(4,640)$600,527      Net Sales$2,338,914 $1,223,013   Segment Operating Profit Margin 11.9% 13.0%  Segment Adjusted EBITDA Margin 16.4% 18.1%   1 As previously announced, effective January 1, 2026, results for Industrial Plastics, previously included in the All Other group of businesses, are included in the Industrial segment. The Company no longer reports the results of any of its businesses in All Other.
2 Included in Corporate is the amortization of acquisition intangibles associated with the Consumer segment of $79,875 and the Industrial segment of $10,015.
3 These expenses relate to charges from third-party financial institutions related to our centralized treasury program under which the Company sells certain trade accounts receivable in order to accelerate its cash collection cycle primarily within the Consumer segment.
4 Included in Corporate are restructuring/asset impairment charges associated with the Consumer segment of $8,937 and the Industrial segment of $7,196.
5 Included in Corporate are changes in LIFO inventory reserves associated with the Consumer segment of $4,996   and the Industrial segment of $525.
6 Included in Corporate are acquisition, integration and divestiture-related costs associated with the Consumer segment of $3,274 and the Industrial segment of $152.
7 Included in Corporate is a gain of $2,640 from the sale of a recycling facility in Savannah, Georgia, part of the Industrial segment, partially offset by a charge of $1,865 from the final net working capital settlement related to the divestiture of ThermoSafe, previously part of the All Other group of businesses.
8 Included in Corporate are net losses from derivatives associated with the Consumer segment of $4 and the Industrial segment of $163.

 Segment and All Other Adjusted EBITDA and Adjusted EBITDA Margin ReconciliationFor the Six Months Ended June 29, 2025Excludes results of discontinued operationsDollars in thousandsConsumerIndustrialAll OtherCorporateTotalSegment and Total Operating Profit$301,124 $162,265 $15,125 $(175,987)$302,527 Adjustments:     Depreciation and amortization1 101,756  59,868  3,500  86,154  251,278 Other expense, net2 —  —  —  (13,076) (13,076)Equity in earnings of affiliates, net of tax 119  4,072  —  —  4,191 Restructuring/Asset impairment charges, net3 —  —  —  23,333  23,333 Changes in LIFO inventory reserves4 —  —  —  1,755  1,755 Acquisition, integration and divestiture-related costs5 —  —  —  38,427  38,427 Loss on divestiture of business6 —  —  —  6,266  6,266 Net gains from derivatives7 —  —  —  (795) (795)Other non-GAAP adjustments —  —  —  1,994  1,994 Segment Adjusted EBITDA$402,999 $226,205 $18,625 $(31,929)$615,900       Net Sales$2,293,626 $1,205,193 $120,850   Segment Operating Profit Margin 13.1% 13.5% 12.5%  Segment Adjusted EBITDA Margin 17.6% 18.8% 15.4%   1Included in Corporate is the amortization of acquisition intangibles associated with the Consumer segment of $74,835, the Industrial segment of $10,920, and All Other of $399.
2These expenses relate to charges from third-party financial institutions related to our centralized treasury program under which the Company sells certain trade accounts receivables in order to accelerate its cash collection cycle primarily within the Consumer segment.
3Included in Corporate are restructuring/asset impairment charges associated with the Consumer segment of $2,709, the Industrial segment of $20,726, and All Other of $10.
4Included in Corporate are changes in LIFO inventory reserves associated with the Consumer segment of $1,755.
5Included in Corporate are acquisition, integration and divestiture-related costs associated with the Consumer segment of $21,209 and the Industrial segment of $431.
6Included in Corporate are net losses from the divestiture of businesses within the Industrial segment of $6,266, including a loss of $2,083 from the sale of a recycling facility in Asheville, N.C. and losses totaling $4,183 related to the sale of a production facility in France and the entirety of our business in Venezuela.
7Included in Corporate are net gains from derivatives associated with the Consumer segment of $(76), the Industrial segment of $(688), and All Other of $(31).

FREE CASH FLOW

The reconciliation of the GAAP measure “Net cash used by operating activities” to the non-GAAP measure “Free cash flow” is set forth in the table below:

 Six Months Ended June 28, 2026 June 29, 2025    Net cash used by operating activities$(67,308) $(14,653)Purchases of property, plant and equipment (125,756)  (187,483)Proceeds from the sale of assets, net 1,883   1,090 Net capital expenditures (123,873)  (186,393)Free cash flow$(191,181) $(201,046)    

HARTSVILLE, S.C., June 22, 2026 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”)(NYSE: SON), a global leader in high-value sustainable packaging, will announce second quarter 2026 results on Wednesday, July 22, 2026 after the market closes. The Company will host a conference call to discuss these results on Thursday, July 23, 2026 at 8:00 a.m. Eastern Time.

A live audio webcast of the call along with supporting materials will be available on the Sonoco Investor Relations website at https://investor.sonoco.com/. A webcast replay will be available on the Company's website for at least 30 days following the call. 

Event:Q2 2026 Sonoco Earnings Conference Call  Time:Thursday, July 23, 2026 at 8:00 a.m. Eastern Time  Audience Dial-In:To listen via telephone, please register in advance at https://events.q4inc.com/analyst/818434126?pwd=xd1mxKQrAnalysts and Participants will receive their unique dial-in details with a PIN by email to join the conference call upon registration.

  Webcast Link:https://events.q4inc.com/attendee/818434126
   About Sonoco
Founded in 1899, Sonoco (NYSE: SON) is a global leader in value-added, sustainable metal and paper consumer and industrial packaging. As a member of the Fortune 500, the Company had net sales of $7.5 billion from continuing operations in 2025 and has approximately 22,000 employees working in 265 operations in 37 countries, serving some of the world’s best-known brands. Guided by our purpose of Better Packaging. Better Life., we strive to foster a culture of innovation, collaboration and excellence to provide solutions that better serve all our stakeholders and support a more sustainable future. Sonoco was proudly named one of the World’s Most Admired Companies by Fortune in 2026 as well as one of America’s Most Admired and Responsible Companies by Fortune and Newsweek and by USA TODAY’s list of America’s Climate Leaders in 2025. For more information on the Company, visit our website at www.sonoco.com.

Sonoco Products Company (SON) Q1 2026 Earnings Call Transcript

HARTSVILLE, S.C., April 29, 2026 (GLOBE NEWSWIRE) -- Sonoco Products Company (NYSE: SON), a global leader in high-value sustainable packaging, has again been named to Newsweek’s list of America’s Most Trustworthy Companies.

This year’s ranking, presented alongside leading market research firm Statista Inc., included 700 companies in 23 industries ranging from retail, travel, hospitality and food and beverages. Rankings were determined through an independent survey of 25,000 U.S. respondents, which resulted in over 100,000 evaluations reflecting the perspectives of consumers, employees and investors, along with online media sentiment.

“We’re proud to once again receive this highly regarded recognition,” said Howard Coker, Sonoco President and CEO. “It’s through the work of our people, who believe in building this business by doing the right thing, that we’ve been able to earn the trust of stakeholders year after year, enabling us to continue advancing our mission of building better packaging for better lives.”

Companies were selected through a comprehensive screening process that included both public and private U.S.-headquartered organizations with revenues exceeding $500 million.

For more information about Sonoco awards and accolades, visit sonoco.com/about/awards-accolades.

About Sonoco
Founded in 1899, Sonoco (NYSE: SON) is a global leader in value-added, sustainable metal and paper consumer and industrial packaging. The Company had net sales of $7.5 billion from continuing operations in 2025 and has approximately 22,000 employees working in 265 operations in 37 countries, serving some of the world’s best-known brands. Guided by our purpose of Better Packaging. Better Life., we strive to foster a culture of innovation, collaboration and excellence to provide solutions that better serve all our stakeholders and support a more sustainable future. Sonoco was proudly named one of the World’s Most Admired Companies by Fortune in 2026 as well as one of America’s Most Admired and Responsible Companies by Fortune and Newsweek and by USA TODAY’s list of America’s Climate Leaders in 2025. For more information on the Company, visit our website at www.sonoco.com.

Contact:
Roger Schrum
843-339-6018
[email protected]

Sonoco Products is rated a Buy, offering a 4.3% yield and trading at a 20% discount to fair value. SON's 43-year dividend growth streak and strong customer retention underpin reliable, inflation-beating income. Despite near-term margin pressure and cautious guidance, I expect 7% EPS growth and 4.5% dividend CAGR over five years.

Key Takeaways Amcor posted Q3 EPS of 96 cents, matching estimates, while sales jumped 77% y/y to $5.91B, beating forecasts.AMCR growth was driven by the Berry buyout, adding $2.4B in sales, with $77M in synergies boosting results.Amcor cut its FY26 EPS and free cash flow outlook, citing higher inventory costs tied to supply concerns. Amcor plc (AMCR - Free Report) has delivered third-quarter fiscal 2026 adjusted earnings of 96 cents per share, up 6% year over year and in line with the Zacks Consensus Estimate. Reported net sales climbed 77% from the year-ago quarter to $5.91 billion and beat the consensus mark of $5.69 billion.

Results reflected the first full year of the Berry combination and continued integration progress, including $77 million of acquisition synergies in the quarter, along with cost and productivity actions that supported profitability.

AMCR’s Margins Improve Despite Integration CostsProfitability advanced meaningfully in the quarter as adjusted EBITDA rose to $892 million from $477 million in the prior-year quarter, translating to a 15.1% margin, up from 14.3% a year ago. Adjusted EBIT increased to $687 million from the prior-year quarter’s $384 million, with the adjusted EBIT margin increasing to 11.6%, highlighting better mix and execution across the combined platform.

The top line was primarily shaped by acquisition-driven expansion. On a constant-currency basis, net sales grew 70% year over year, including $2.4 billion of acquired sales net of divestments, while raw material pass-through had no material impact on consolidated revenues.

Underlying demand remained pressured. Amcor estimated that volumes were 1.5% lower than estimated combined volumes for the legacy Amcor and legacy Berry businesses in the prior-year quarter (excluding non-core and divested businesses). Price/mix was described as having no material impact on net sales.

Amcor’s Flexibles Segment Gains From Scale BenefitsGlobal Flexible Packaging Solutions posted net sales of $3.25 billion, up 35% on a reported basis and 29% in constant currency. Our sales projection for the Global Flexible Packaging Solutions segment was $3.4 billion. Adjusted EBIT increased to $452 million from the prior-year quarter’s $343 million, lifting segment profitability.

The company cited higher volumes in pet food and protein, offset by softer demand in healthcare and other nutrition. Regional trends were also mixed, with volumes lower across North America and Europe and higher across Asia. The segment’s profit improvement reflected integration benefits, productivity and cost performance, partly offset by the volume backdrop.

AMCR’s Rigids Segment Absorbs Weather DisruptionsGlobal Rigid Packaging Solutions generated net sales of $2.66 billion, up 187% year over year on a reported basis and 174% in constant currency, again reflecting the enlarged portfolio following the Berry deal. We expected sales for the quarter to be $2.3 billion. Adjusted EBIT rose to $276 million, marking a significant increase from the prior-year quarter’s $70 million.

However, the company highlighted an estimated $25-million impact of U.S. storms within the segment, which tempered the results even as synergy capture and cost initiatives supported profitability in the combined footprint.

Amcor’s Balance Sheet UpdatesAs of March 31, 2026, Amcor had $1.59 billion in cash and cash equivalents compared with $0.83 billion as of June 30, 2025. The company generated $556 million of cash in operating activities in the first nine months of fiscal 2026 compared with $276 million in the year-ago comparable period, while net debt stood at $14.27 billion at the quarter-end. The board also declared a quarterly dividend of 65 cents per share.

AMCR Lowers EPS & Free Cash Flow ViewAMCR has updated its fiscal 2026 outlook, guiding adjusted earnings of $3.98-$4.03 per share, lower than the prior stated $4.00-$4.15. The company also reduced its free cash flow forecast to $1.5-$1.6 billion from the previously mentioned $1.8-$1.9 billion, citing a shift toward higher inventory levels at higher costs to protect customer service levels amid Middle East conflict-related supply considerations.

Amcor’s Zacks RankAmcor currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

AMCR’s Price PerformanceIn the past year, AMCR shares have lost 12.5% compared with the industry’s 6.6% fall.

Image Source: Zacks Investment Research

Quarterly Performances of Other Packaging StocksSonoco Products Company (SON - Free Report) delivered adjusted earnings of $1.20 per share in the first quarter of fiscal 2026, topping the Zacks Consensus Estimate of $1.19 by 0.84%. The figure declined 13% from $1.38 in the year-ago quarter.

Sonoco’s net sales were $1.68 billion, declining 1.9% year over year and lagging the Zacks Consensus Estimate of $1.71 billion by 1.95%. Pricing actions and productivity were key offsets to softer volume/mix during the quarter. SON’s top line dipped from the prior-year period due to the absence of sales from the ThermoSafe temperature-assured packaging business, which was divested in November 2025.

Packaging Corporation of America (PKG - Free Report) posted adjusted earnings of $2.40 per share in the first quarter of 2026, up 3.9% from $2.31 a year ago. Packaging Corp’s results beat the Zacks Consensus Estimate of earnings $2.17 by 10.6%.

Net sales rose 10.6% year over year to $2.37 billion but missed the consensus mark of $2.41 billion by 1.9%. Favorable pricing and mix, along with lower fiber costs, supported Packaging Corp’s results, though special items weighed on reported profitability.

Avery Dennison Corporation (AVY - Free Report) registered adjusted earnings of $2.47 per share for the first quarter of 2026, rising 7.4% from the year-ago period and beating the Zacks Consensus Estimate of $2.41. Avery Dennison’s revenues were $2.298 billion, growing 7% year over year and surpassing the consensus mark of $2.271 billion by 1.2%.

Sales advanced 2.3%, excluding currency, as a 4.7% foreign-currency headwind weighed on reported growth. Organic sales increased 1.1%, while acquisitions were a 1.2% drag on the quarter’s growth bridge.

, /PRNewswire/ -- Sonae (Euronext Lissabon: SON), ein in Portugal ansässiger multinationaler Konzern, der ein breit gefächertes Portfolio an Unternehmen in den Bereichen Einzelhandel, Immobilien, Telekommunikation, Technologie und Innovation verwaltet, erzielte im Jahr 2025 einen Rekordumsatz von 11,4 Milliarden Euro, was einem Wachstum von 14,2 % gegenüber dem Vorjahr entspricht. Diese Entwicklung spiegelt das solide Wachstum des Einzelhandelsgeschäfts sowie die Investitionen in Akquisitionen in den letzten zwei Jahren wider.

Aufgrund des Wachstums der Gruppe, erheblicher Effizienzsteigerungen im operativen Geschäft und Investitionen in den Ausbau ihres globalen Portfolios erreichte das bereinigte EBITDA 1,1 Milliarden Euro, was einem Anstieg von 23,6 % gegenüber 2024 entspricht; das Gesamt-EBITDA stieg um 17,6 % auf 1,2 Milliarden Euro, und das den Aktionären zurechenbare Nettoergebnis stieg um 11 % auf 247 Millionen Euro. Der Aktienkurs von Sonae entwickelte sich sehr positiv und stieg im Jahr 2025 um 76 %.

Cláudia Azevedo, CEO von Sonae, erklärt: „Wir sind von der Stärke unseres Portfolios überzeugt, das für eine langfristige Wertschöpfung gut aufgestellt ist. Es ist sowohl geografisch als auch branchenübergreifend ausgewogen, wobei alle Geschäftsbereiche über relevante Marktpositionen und starke Wertversprechen verfügen und von der Präsenz in Märkten mit soliden strukturellen Wachstumsfaktoren profitieren. Wir blicken zuversichtlich und optimistisch in die Zukunft."

Im Einzelhandel nehmen die Marken der Sonae-Gruppe in ihren jeweiligen Segmenten auf mehreren europäischen Märkten eine führende Position ein. Sie betreiben ein Netz von mehr als 2.500 eigenen Filialen, wobei im vergangenen Jahr 128 neue Filialen eröffnet wurden. Im Lebensmitteleinzelhandel ist MC in Portugal mit der Marke Continente Marktführer und betreibt Hypermärkte, Supermärkte sowie Convenience-Formate.

Im Bereich Gesundheit und Schönheit ist die Gruppe in Spanien mit Druni und Arenal – einem 50:50-Joint-Venture zwischen MC und der Familie Casp – sowie in Portugal mit Wells marktführend. Im Elektronikfachhandel gehört Sonae die Kette Worten, die in Portugal Marktführer ist und neben Spanien auch in mehreren anderen Ländern über ihr Service- und Reparaturunternehmen iServices vertreten ist. Im Modeeinzelhandel besitzt die Gruppe „Salsa", einen Denim-Spezialisten, der in rund 50 Ländern vertreten ist.

Im Bereich Haustierpflege ist Musti in sieben Regionen tätig und Marktführer in den nordischen und baltischen Ländern.

Über Sierra ist Sonae zudem weltweit im Immobiliensektor aktiv und entwickelt und verwaltet Einkaufszentren sowie Immobilienprojekte, unter anderem im Büro- und Wohnsegment. Sierra unterhält zudem eine Partnerschaft mit Bankinter zur Verwaltung von ORES, einem Fonds, der in Immobilienobjekte auf der Iberischen Halbinsel investiert. Darüber hinaus gehört Sierra zur Muttergesellschaft von ALLOS, dem führenden Betreiber von Einkaufszentren in Lateinamerika. Im Oktober übernahm Sierra den Geschäftsbereich Immobilienmanagement von Unibail-Rodamco-Westfield und wurde damit zum zweitgrößten externen Einkaufszentrumsbetreiber in Deutschland.

Über ihre Tochtergesellschaft Bright Pixel hält die Gruppe zudem Beteiligungen an Technologieunternehmen, die in Firmen und Start-ups investieren, welche Lösungen für die Bereiche Einzelhandel, Telekommunikation und Cybersicherheit anbieten.

Über seine Tochtergesellschaft Sparkfood ist Sonae zudem im Bereich der Lieferung von natürlichen Extrakten und Wirkstoffen für die Human-, Tier- und Pflanzenpflege tätig.

Weitere Informationen finden Sie unter www.sonae.pt.

, /PRNewswire/ -- Sonae (Euronext Lisbon: SON), a Portuguese-based multinational managing a diversified portfolio of businesses across retail, real estate, telecommunications, technology and innovation, achieved record turnover of €11.4 billion in 2025, growing 14.2% year-on-year. This performance reflects the solid growth of its retail businesses and investment in acquisitions over the past two years.

As a result of the Group's growth, significant operational efficiency gains and investment in the expansion of its global portfolio, underlying EBITDA reached €1.1 billion, increasing 23.6% compared to 2024, total EBITDA rose 17.6% to €1.2 billion, and net result attributable to shareholders increased 11% to €247 million. Sonae's share price delivered a strong performance, rising 76% in 2025.

Cláudia Azevedo, CEO of Sonae, states: "We are confident in the strength of our portfolio, which is well positioned for long-term value creation. It is balanced both geographically and across sectors, with all businesses holding relevant market positions and strong value propositions, benefiting from exposure to markets with solid structural tailwinds. We look to the future with confidence and optimism."

In the retail sector, Sonae Group's brands hold leading positions in their respective segments across several European markets, operating a network of more than 2,500 owned stores, with 128 new stores opened in the last year. In food retail, MC is the market leader in Portugal through the Continente brand, operating hypermarket, supermarket and convenience formats.

In the health and beauty segment, the Group is a market leader in Spain through Druni and Arenal, a 50/50 partnership between MC and the Casp family, and in Portugal through Wells. In electronics retail, Sonae owns Worten, the market leader in Portugal, with operations in Spain, as well as in several countries through its services and repair company iServices. In fashion retail, the Group owns Salsa, a denim specialist present in around 50 countries.

In the pet care segment, Musti operates in seven geographies and is the market leader in the Nordic and Baltic countries.

Through Sierra, Sonae also operates globally in the real estate sector, developing and managing shopping centres and real estate projects, including in the office and residential segments. Sierra also has a partnership with Bankinter for the management of ORES, which invests in real estate assets in Iberia. Additionally, Sierra is part of the controlling group of ALLOS, the leading shopping centre operator in Latin America. In October, Sierra acquired the Real Estate Management division of Unibail-Rodamco-Westfield, becoming the second-largest third-party shopping centre manager in Germany.

The Group also holds investments in technology companies through its subsidiary Bright Pixel, which invests in companies and start-ups with solutions for the retail, telecommunications and cybersecurity sectors.

Through its Sparkfood unit, Sonae also operates in the supply of natural extracts and active ingredients for human, pet and plant care.

Find out more at www.sonae.pt.

This article highlights eight companies on track to achieve Dividend King status, requiring 50+ consecutive years of dividend increases. The companies featured are not expected to reach Dividend King status until at least 2032, but are progressing steadily. The series aims to spotlight recognizable businesses with strong dividend growth histories, supporting long-term income-focused investment strategies.

Key Takeaways GEF raised its dividend 10.7%, with payments set for July 1, 2026, to shareholders of record as of June 17.GEF's adjusted free cash flow rose to $179.3M in Q2'26 from $86.6M a year earlier.Greif ended Q2 with $286.1M in cash, $1.01B in debt and aims to keep leverage below 2.0X. Greif, Inc. (GEF - Free Report) announced a 10.7% hike in its quarterly dividend payout. This is in sync with its long-standing commitment to returning capital to shareholders.

Details of GEF’s Quarterly Dividend HikeGreif will pay the new quarterly dividend of 62 cents on its Class A Common Stock and 93 cents per share on its Class B Common Stock on July 1, 2026, to shareholders of record as of June 17, 2026. The raised dividend takes the company’s dividend yield from the current 3.5% to 3.9%.

Greif has a three-year dividend growth rate of 3.8%. It has a payout ratio of 57.8%.

Greif’s industry peer Sonoco Products Company (SON - Free Report) has a quarterly dividend of 54 cents. Sonoco has a payout ratio of 37.1%. Sonoco’s current indicated annual dividend is one of the highest in the industry at $2.16.

GEF’s another peer AptarGroup, Inc. (ATR - Free Report) has a quarterly dividend of 48 cents. AptarGroup has a payout ratio of 33.5%. AptarGroup’s current indicated annual dividend is $1.92.

GEF’s Cash Position & Balance SheetAt the end of second-quarter fiscal 2026, the adjusted free cash flow improved to $179.3 million from $86.6 million, aided by working capital management and lower cash interest tied to the company’s reduced leverage. Greif ended the quarter with $286.1 million in cash and cash equivalents, and a total debt of $1.01 billion.

The increased dividend reflects the company’s strength in free cash flow generation and its balance sheet while investing in high-return organic growth opportunities. Greif remains committed to maintaining leverage below 2.0X.

Greif Stock’s Price PerformanceGEF shares have gained 17.7% in the past year against the industry's 12% decline.

Image Source: Zacks Investment Research

GEF’s Zacks Rank & Stock to ConsiderThe company currently has a Zacks Rank #3 (Hold). 

A better-ranked stock from the Industrial Products sector is Tennant Company (TNC - Free Report) . TNC sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here.

Tennant has an average trailing four-quarter earnings surprise of 40.8%. The Zacks Consensus Estimate for TNC’s 2026 earnings is pinned at $5.15 per share. The company’s shares have gained 19.4% in a year.

HARTSVILLE, S.C., June 09, 2026 (GLOBE NEWSWIRE) -- Sonoco Products Company (NYSE: SON), a global leader in high-value sustainable packaging, has returned to the FORTUNE 500 list, a ranking of the largest U.S. companies by revenue. Coming in at #489, Sonoco had sales of $7.8 billion in 2025. With 22,000 teammates, the Company serves customers across paper and metal packaging markets around the world.

“This is a proud moment for Sonoco and a testament to our operational strength and market leadership,” said Howard Coker, president and CEO. “Returning to the Fortune 500 reflects the hard work of our employees around the world and a focused strategy built on innovation and operational excellence. We are committed to delivering unmatched value for our customers and shareholders while advancing packaging solutions that help build a more sustainable future.”

Companies on the FORTUNE 500 list represent roughly two-thirds of the U.S. Gross Domestic Product (GDP) and employ more than 30 million people worldwide. Both public and private companies are eligible for the FORTUNE 500 designation.

In addition to Fortune 500 placement, Sonoco earned industry recognition in 2025–2026 from FORTUNE, Newsweek and USA TODAY for corporate responsibility and climate leadership.

For more information about Sonoco awards and accolades, visit sonoco.com/about/awards-accolades.

About Sonoco
Founded in 1899, Sonoco (NYSE: SON) is a global leader in value-added, sustainable metal and paper consumer and industrial packaging. The Company had net sales of $7.5 billion from continuing operations in 2025 and has approximately 22,000 employees working in 265 operations in 37 countries, serving some of the world’s best-known brands. Guided by our purpose of Better Packaging. Better Life., we strive to foster a culture of innovation, collaboration and excellence to provide solutions that better serve all our stakeholders and support a more sustainable future. Sonoco was proudly named one of the World’s Most Admired Companies by Fortune in 2026 as well as one of America’s Most Admired and Responsible Companies by Fortune and Newsweek and by USA TODAY’s list of America’s Climate Leaders in 2025. For more information on the Company, visit our website at www.sonoco.com.

Key Takeaways Greif will raise uncoated recycled paperboard prices by $60 per short ton on July 6, 2026.URB price hike reflects rising input and transportation costs and growing demand.Greif plans a minimum 6.5% increase for tube, core and protective packaging products on July 13, 2026. Greif, Inc. (GEF - Free Report) announced a price increase of $60 per short ton for all grades of uncoated recycled paperboard (URB) products, effective July 6, 2026. The price hike for URB products was driven by rising input and transportation costs, along with growing demand.

Greif will implement a minimum 6.5% price hike on all tube and core, as well as protective packaging products, effective July 13, 2026. The price increase is due to rising costs of the primary raw materials contained in those products. Higher transportation costs and increased demand across end markets have also aided the price hike for Greif.

GEF’s peer Sonoco Products Company (SON - Free Report) also implemented a $60-per-ton price increase for all grades of URB in the United States and Canada, effective July 8, 2026. The company also hiked prices for all converted paperboard products 7%. The price hike was driven by solid demand across Sonoco’s markets, strong utilization of its paper mill network and elevated inflationary pressures.

GEF’s Focus on Portfolio OptimizationGreif is optimizing and shaping its product portfolio to reduce the impacts of cyclical trends and focus on higher-margin offerings. The company’s four new reportable segments are now focused on specific material solutions.

GEF has set a target of delivering adjusted EBITDA of $1 billion by fiscal 2027. The company expects the low end of adjusted EBITDA to be $610 million for fiscal 2026, indicating an increase of 19% from the $511 million reported in fiscal 2025.

The company’s optimization Initiatives over the next three years are expected to eliminate $100 million in structural costs from the business through a combination of SG&A rationalization, network optimization and operating efficiency gains. The company has also set the goal of $500 million of free cash flow by fiscal 2027.

Greif’s Q2 PerformanceGreif posted adjusted earnings of $1.10 per Class A share in the second quarter of fiscal 2026, up 61.8% from a year ago. The figure missed the Zacks Consensus Estimate of $1.16 by 5.2%. Net sales were $1.07 billion, down 0.5% year over year but beating the consensus mark of $1.07 billion by 0.4%.

GEF Stock’s Price PerformanceGreif shares have gained 3.5% in the past year against the industry's 9.4% decline.

Image Source: Zacks Investment Research

Greif’s Zacks Rank & Stock to ConsiderThe company currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks from the Industrial Products sector are Tennant Company (TNC - Free Report) and Helios Technologies Inc. (HLIO - Free Report) . TNC and HLIO sport a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here.

Tennant has an average trailing four-quarter earnings surprise of 40.8%. The Zacks Consensus Estimate for TNC’s 2026 earnings is pinned at $5.15 per share. The company’s shares have gained 15.4% in a year.

Helios Technologies has an average trailing four-quarter earnings surprise of 15.8%. The Zacks Consensus Estimate for HLIO’s 2026 earnings is pinned at $2.89 per share. The company’s shares have skyrocketed 141.3% in a year.