Q1 26 EPS
$1.20
MISS 0.31%
Est. $1.20
Q1 26 Revenue
$1.68B
MISS 1.97%
Est. $1.71B
vs S&P Since Q1 26
-13.7%
TRAILING MARKET
SON -10.6% vs S&P +3.1%
Market Reaction
Did SON Beat Earnings? Q1 2026 Results
Sonoco Products delivered a modest miss on both the top and bottom lines in the first quarter of 2026, as the packaging company navigated a leaner post-divestiture profile while facing persistent cost pressures. Adjusted diluted EPS came in at $1.20,… Read more Sonoco Products delivered a modest miss on both the top and bottom lines in the first quarter of 2026, as the packaging company navigated a leaner post-divestiture profile while facing persistent cost pressures. Adjusted diluted EPS came in at $1.20, fractionally below the $1.20 consensus estimate, while net sales of $1.68 billion fell 1.97% short of the $1.71 billion analysts had expected and declined 1.9% from a year ago, with the November 2025 sale of ThermoSafe a primary driver of the revenue contraction. Consumer Packaging offered a relative bright spot, with segment sales growing 2.9% to $1.10 billion on pricing actions tied to inflation and tariffs, though margin compression and softer industrial volumes weighed on overall profitability. Cash flow remained a concern, with operating activities consuming $367.93 million partly due to roughly $103 million in one-time divestiture-related tax payments. Looking ahead, Sonoco maintained its full-year adjusted EBITDA guidance of $1.25 billion to $1.35 billion but guided toward the low end of its $5.80 to $6.20 adjusted EPS range, citing macroeconomic and geopolitical uncertainty.
Key Takeaways
- • Productivity savings from fixed cost reduction initiatives and procurement savings
- • Favorable price/cost environment from price increases to offset inflation and tariffs
- • Favorable foreign exchange rates in Consumer Packaging
- • Lower volume/mix across both segments partially offset gains
- • Absence of operating profit from divested ThermoSafe business
- • Fire at recycling facility in Greenville, South Carolina impacted Industrial segment
- • Severe winter weather disrupted customers and operations
SON Forward Guidance & Outlook
Sonoco maintained full-year 2026 net sales guidance of $7.25 billion to $7.75 billion and adjusted EBITDA guidance of $1.25 billion to $1.35 billion. Cash flow from operating activities guidance remains at $700 million to $800 million. However, the company is now targeting the low end of its adjusted diluted EPS guidance range of $5.80 to $6.20, citing projected inflationary pressures on energy, logistics, chemicals, resins and other input costs, as well as lower demand due to the uncertain macroeconomic and geopolitical environment. The company expects to achieve at least $32 million in annual Profitability Performance Plan savings in 2026, working toward a three-year target of $150 million to $200 million.
SON YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
SON Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are proud of our team's solid performance in the first quarter despite disruptions from severe winter weather which impacted our customers and our operations, a fire that destroyed a recycling facility in South Carolina and the effects of rapidly changing macroeconomic and geopolitical conditions. Results from our Consumer Packaging segment exceeded our expectations while our Industrial Paper Packaging segment faced operational and demand challenges. Overall, productivity and a favorable price/cost environment more than offset a decline in volume/mix.”
— Howard Coker, Q1 2026 Earnings Press Release
SON Earnings Trends
SON vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SON EPS Trend
Earnings per share: estimate vs actual
SON Revenue Trend
Quarterly revenue: estimate vs actual
SON Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $1.20 | $1.20 | -0.31% | $1.68B | -1.97% |
| Q4 25 BEAT FY | $1.00 | $1.05 | +5.50% | $1.77B | +0.67% |
| FY Full Year | — | $5.71 | — | $7.52B | — |
| Q3 25 MISS | $1.93 | $1.92 | -0.32% | $2.13B | -1.00% |
| Q2 25 MISS | $1.49 | $1.37 | -7.80% | $1.91B | -0.51% |
| Q1 25 MISS | $1.41 | $1.38 | -1.89% | $1.71B | -16.23% |