Sonoco Products Co

Latest Results (04.04.2026):

Sonoco Products Co's fourth quarter 2025 results show strong top-line growth and a swing to GAAP profitability: Q4 net sales rose to about $1.8 billion (up 29.7% year‑over‑year), GAAP net income attributable to Sonoco was $332.2 million (GAAP diluted EPS $3.33) and GAAP operating profit was $520.2 million. On an adjusted basis, Q4 adjusted net income was $104.7 million (adjusted diluted EPS $1.05), adjusted operating profit was $187 million and adjusted EBITDA was $272 million. The company also completed the sale of ThermoSafe in Nov. 2025, received $656 million gross proceeds, cut net debt significantly and finished the year with net leverage of ~3.0x.

Top-line and GAAP results

Q4 2025 net sales were ~$1.8B (up 29.7% y/y), driven largely by the Eviosys (Metal Packaging EMEA) acquisition, pricing actions and FX. GAAP operating profit rose to $520.2M and GAAP net income attributable to Sonoco was $332.2M (diluted EPS $3.33), compared with a GAAP loss in the prior‑year quarter.

Adjusted performance

On a non‑GAAP basis for Q4 2025 Sonoco reported adjusted operating profit of $187M (up 47.1% y/y), adjusted EBITDA of $272M (up 10.2% y/y), adjusted net income of $104.7M and adjusted diluted EPS of $1.05.

Cash flow and balance sheet

Sonoco generated operating cash flow of about $413M in Q4 and $690M for full‑year 2025 (which included $196M of one‑time taxes tied to divestiture gains). The company reduced net debt by ~$965M in Q4 and ~$2.7B for the year, ending 2025 with net debt of ~$3.95B and net leverage of ~3.0x. Cash and available liquidity totaled roughly $1.6B at year‑end.

Divestitures and portfolio actions

In 2025 Sonoco substantially completed its portfolio transformation: it closed the sale of ThermoSafe (Nov. 3, 2025) and received $656M gross proceeds, and it previously divested TFP. Management is simplifying reporting to two segments (Consumer Packaging and Industrial Paper Packaging) beginning in 2026.

Segment performance (Q4 2025)

Consumer Packaging: net sales $1,142M (up 62.1% y/y), segment operating profit ≈ $117M (margin ~10.2%) and segment adjusted EBITDA $174M (margin ~15.2%), helped by Eviosys contribution and pricing. Industrial Paper Packaging: net sales $568M (flat y/y), segment operating profit $70M (margin ~12.4%) and segment adjusted EBITDA $103M (margin ~18.2%).

2026 guidance

For full‑year 2026 Sonoco targets adjusted diluted EPS of $5.80–$6.20, adjusted EBITDA of $1.25B–$1.35B, net revenue of $7.25B–$7.75B and operating cash flow of $700M–$800M. Management expects to drive further cost savings and margin expansion through operational improvements and portfolio focus.