SON Research | Milton Maxwell

SON

Sonoco Products Company

43.00

+0.06+0.14%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

FY Q4 '25

Reaffirms targets; details back-end synergies.

2/16/26Feb 16, 2026

Q&A largely reaffirmed Investor Day messaging on portfolio simplification and margin targets, with executives detailing back-end synergies from metal-paper integration—$20-30M structural savings plus $130-170M operational gains—over customer cross-selling, which remains limited. Ample capacity supports low-single-digit growth without major capex, while CPGs' push for affordability via promotions bolsters volume confidence. Analysts probed productivity tracking and Europe returns; management stressed new KPIs and disciplined allocation, prioritizing debt reduction below 2.5x before buybacks. Synergies hit controllables. Watch footprint tweaks and pet food ramp.

Key Stats

Market Cap

4.24B

P/E (TTM)

23.24

Basic EPS (TTM)

1.85

Dividend Yield

0.05%

Recent Filings

10-K

FY2025 results

2/26/26Feb 26, 2026

Sonoco streamlined its portfolio in FY2025, divesting TFP in Q2 for $1.8B and ThermoSafe in Q4 for $656M, substantially completing its shift to two core segments after acquiring Eviosys in late 2024. Continuing operations posted $7.5B sales, up 42% y/y driven by Eviosys adding $2.2B, with Consumer Packaging (65% of sales) surging 93% on acquisition momentum while Industrial Paper Packaging dipped 2% on volume weakness. Segment operating profit jumped 66% to $939M (derived), fueled by Eviosys' $258M contribution, pricing gains, and productivity; margins expanded to 12.9% in Consumer and 13.6% in Industrial. Debt fell to $4.3B post-divestiture repayments, with $378M cash and full $1.25B revolver access. Q4 accelerated via Eviosys integration. International operations expose quarterly results to FX volatility.

8-K

Sonoco sets bold 2026-2028 targets

2/17/26Feb 17, 2026

Sonoco hosted its 2026 Investor Day on February 17, unveiling 2026-2028 targets: ~$1.5B adjusted EBITDA, ~200bps margin expansion, and ~$2.5B cumulative operating cash flow by 2028. Capex stays at ~4% of sales; net leverage targets below 2.5x. Targets hinge on execution amid strategy risks.

8-K

Sonoco Q4 sales soar 30%

2/17/26Feb 17, 2026

Sonoco surged Q4 net sales 29.7% to $1.8B, fueled by Eviosys acquisition, while GAAP operating profit hit $520M on ThermoSafe sale gain; adjusted EBITDA climbed 10.2% to $272M. Net debt plunged $2.7B to 3.0x leverage. Debt slashed sharply. 2026 guides adjusted EPS $5.80-$6.20, EBITDA $1.25B-$1.35B amid integration risks.

8-K

Nix joins Sonoco Board

2/12/26Feb 12, 2026

Sonoco appointed Craig L. Nix, CFO of First Citizens BancShares, to its Board on February 10, 2026. Independent director Nix joins the Audit and Financial Policy Committees, bringing expertise in corporate finance, capital allocation, and restructuring. Board eyes his insights for portfolio simplification and streamlining. He'll stand for election in 2026.

8-K

COO Fuller retires, no replacement

1/20/26Jan 20, 2026

Sonoco announced COO Rodger Fuller's retirement effective February 28, 2026, after 40 years, with no successor planned. Business unit presidents will report directly to President and CEO Howard Coker. Fuller oversaw global operations since 2020. Streamlined structure ahead.

About

Sonoco Products Company, together with its subsidiaries, designs, develops, manufactures, and sells various engineered and sustainable packaging products in the United States, Europe, Canada, the Asia Pacific, and internationally. The company operates in two segments, Consumer Packaging and Industrial Paper Packaging. The Consumer Packaging segment provides round and shaped rigid paper products and steel and plastic containers; and metal and peelable membrane ends, closures, and components. The Industrial Paper Packaging segment offers paperboard tubes, cones, and cores; paper-based protective packaging products; and uncoated recycled paperboards. The company also offers various packaging materials, including plastic, paper, foam, and various other specialty materials. The company sells its products in various markets, which include paper, textile, film, food, packaging, construction, and wire and cable. Sonoco Products Company was founded in 1899 and is headquartered in Hartsville, South Carolina.

CEO

Mr. Robert Howard Coker

IPO

3/17/1980

Website

https://www.sonoco.com

Employees

23,400

Sector

Consumer Cyclical

Industry

Packaging & Containers