Sonoco Products Co

Latest Results (15.05.2026):

Sonoco Products Company — Fourth Quarter 2025 results: Sonoco reported strong fourth-quarter and full‑year 2025 results driven by acquisition activity, price increases and a significant gain on the divestiture of ThermoSafe. Q4 net sales rose to $1.77 billion (+29.7% year‑over‑year), GAAP net income was $332.2 million (diluted EPS $3.33) and adjusted results also improved (adjusted net income $104.7 million, adjusted diluted EPS $1.05). The company generated solid cash flow, materially reduced net debt and provided 2026 adjusted guidance reflecting continued margin and cash‑flow improvement initiatives.

Q4 GAAP results

Net sales (Q4) $1.768B (+29.7% vs. Q4 2024); GAAP operating profit $520.2M (vs. $56.1M prior year); GAAP net income attributable to Sonoco $332.2M (vs. $(43.0)M); diluted EPS $3.33.

Q4 and FY adjusted performance

Q4 adjusted operating profit $187M (+47.1% YoY); Q4 adjusted EBITDA $272M (+10.2%); Q4 adjusted net income $104.7M and adjusted diluted EPS $1.05. Full‑year 2025 adjusted EBITDA was $1.324B and adjusted diluted EPS was $5.71.

Divestitures and one‑time impacts

Sonoco completed the sale of ThermoSafe on Nov 3, 2025, receiving $656M in gross proceeds; gains from that sale (and prior TFP divestiture) materially increased GAAP operating profit and net income in Q4/FY. The company paid approximately $196M of one‑time taxes in 2025 related to divestiture gains.

Cash flow, capex and free cash flow

Operating cash flow: Q4 $413M; full year 2025 $690M. Net capital expenditures (net of asset sales) were $297M for 2025; free cash flow for 2025 was $393M.

Balance sheet and leverage

Total debt $4.327B and cash $378M as of Dec 31, 2025; net debt $3.949B. Net debt reduced by ~$965M in Q4 and ~$2.7B for the full year; reported net leverage (Net Debt / Adjusted EBITDA) ≈ 3.0x. Available liquidity was ~$1.6B (including $1.3B revolver capacity).

Segment performance

Consumer Packaging: Q4 sales $1.142B (+62.1%), segment operating profit $117M (+77%), segment adjusted EBITDA $174M (15.2% margin) — record quarterly results. Industrial Paper Packaging: Q4 sales $568M (flat), segment operating profit $70M (slight improvement), segment adjusted EBITDA $103M (18.2% margin).

2026 guidance and outlook

Sonoco targets full‑year 2026 adjusted diluted EPS of $5.80–$6.20, adjusted EBITDA $1.25–$1.35B, operating cash flow $700–$800M and net revenue $7.25–$7.75B. The company will report only two segments in 2026 (Consumer Packaging and Industrial Paper Packaging) following continued portfolio simplification.

Other notable items

Full‑year 2025 GAAP net income $1.003B (diluted EPS $10.07) reflecting divestiture gains; dividends paid in 2025 totaled $208M (dividend per share $0.53 in Q4; $2.11 for the year); 2025 capex (net) $297M. Management highlighted ongoing profitability and cost‑savings programs to support 2026 targets.