SONOCO PRODUCTS CO
Business
Sonoco Products Company is a global designer, developer, and manufacturer of engineered and sustainable packaging for multiple end markets. The company produces rigid packaging (paper, metal, and plastic) for consumer staples; industrial paper packaging including tubes, cores, and cones from recycled fiber; and metal food and household packaging through its Eviosys acquisition. Sonoco operates through two reportable segments—Consumer Packaging and Industrial Paper Packaging—with approximately 265 locations across 37 countries, supported by vertical integration including 19 paper mills and recycling operations.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 7,519 | 5,305 | 5,441 | 7,251 | 5,590 | |
| Cost of sales | 5,944 | 4,166 | 4,239 | 4,634 | 4,529 | |
| Gross profit | 1,574 | 1,139 | 1,203 | 1,225 | 1,062 | |
| Selling, general and administrative expenses | 862 | 724 | 645 | 610 | 558 | |
| Restructuring/Asset impairment charges, net | 66 | 65 | 48 | 52 | 14 | |
| Gain/(Loss) on divestiture of business and other assets | 372 | −23 | 79 | 0 | −3 | |
| Operating profit | 1,018 | 327 | 589 | 563 | 487 | |
| Non-operating pension costs | 12 | 14 | 14 | 7 | 568 | |
| Interest expense | 233 | 173 | 135 | 101 | — | |
| Interest income | 21 | 28 | 10 | 5 | 5 | |
| Other (expense)/income, net | −27 | −104 | 40 | 0 | 0 | |
| Income from continuing operations before income taxes | 765 | 63 | 489 | 460 | −161 | |
| Provision for income taxes | 184 | 6 | 120 | 96 | −67 | |
| Income before equity in earnings of affiliates | 582 | 58 | 369 | 364 | — | |
| Equity in earnings of affiliates, net of tax | 10 | 10 | 10 | 14 | 11 | |
| Net income from continuing operations | 591 | 68 | 380 | 378 | — | |
| Net income from discontinued operations | 412 | 96 | 96 | 89 | — | |
| Net income | 1,003 | 164 | 476 | 467 | −83 | |
| Net (income)/loss from continuing operations attributable to noncontrolling interests | −375,000 | 180,000 | −768,000 | −284,000 | — | |
| Net income from discontinued operations attributable to noncontrolling interests | 0 | −171,000 | −174,000 | −259,000 | — | |
| Net income attributable to Sonoco | 1,003 | 164 | 475 | 466 | −85 | |
| Basic (in shares) | 99 | 99 | 98 | 98 | 100 | |
| Assuming exercise of awards (in shares) | 447,000 | 653,000 | 596,000 | 741,000 | 0 | |
| Diluted (in shares) | 100 | 99 | 99 | 99 | 100 | |
| Continuing operations (usd per share) | 5.96 | 0.69 | 3.85 | 3.86 | — | |
| Discontinued operations (usd per share) | 4.16 | 0.97 | 0.98 | 0.9 | — | |
| Basic earnings per share attributable to Sonoco (usd per share) | 10.12 | 1.66 | 4.83 | 4.76 | −0.86 | |
| Continuing operations (usd per share) | 5.93 | 0.68 | 3.83 | 3.83 | — | |
| Discontinued operations (usd per share) | 4.14 | 0.97 | 0.97 | 0.89 | — | |
| Diluted earnings per share attributable to Sonoco (usd per share) | 10.07 | 1.65 | 4.8 | 4.72 | −0.86 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 378 | 431 | 139 | 227 | 171 | |
| Trade accounts receivable, net of allowances of $12,512 in 2025 and $10,989 in 2024 | 843 | 908 | 686 | 863 | 756 | |
| Other receivables | 179 | 176 | 58 | 99 | 96 | |
| Inventories | 1,121 | 1,016 | — | — | — | |
| Prepaid expenses | 125 | 197 | 104 | 76 | 74 | |
| Current assets of discontinued operations | 0 | 451 | 460 | — | — | |
| Total Current Assets | 2,646 | 3,179 | 2,050 | 2,361 | 1,659 | |
| Property, Plant and Equipment, Net | 2,798 | 2,719 | 1,663 | 1,710 | 1,298 | |
| Goodwill | 2,512 | 2,526 | 1,298 | 1,675 | 1,325 | |
| Other Intangible Assets, Net | 2,683 | 2,587 | 727 | 742 | 278 | |
| Deferred Income Taxes | 54 | 17 | 31 | 30 | 26 | |
| Right of Use Asset-Operating Leases | 307 | 308 | 233 | 297 | 268 | |
| Other Assets | 161 | 209 | 206 | 238 | 220 | |
| Noncurrent Assets of Discontinued Operations | 0 | 964 | 984 | — | — | |
| Total Assets | 11,162 | 12,508 | 7,192 | 7,053 | 5,073 | |
| Payable to suppliers | 1,084 | 1,131 | 538 | 819 | 721 | |
| Accrued expenses and other payables | 639 | 464 | 265 | 296 | 291 | |
| Accrued wages and other compensation | 139 | 141 | 64 | 110 | 90 | |
| Notes payable and current portion of long-term debt | 538 | 2,055 | 39 | 502 | — | |
| Accrued taxes | 129 | 7 | 11 | 17 | 12 | |
| Current liabilities of discontinued operations | 0 | 242 | 248 | — | — | |
| Total Current Liabilities | 2,529 | 4,038 | 1,165 | 1,744 | 1,526 | |
| Long-term Debt | 3,789 | 4,985 | 2,998 | 2,720 | — | |
| Noncurrent Operating Lease Liabilities | 263 | 259 | 193 | 251 | 234 | |
| Pension and Other Postretirement Benefits | 178 | 181 | 143 | 120 | 158 | |
| Deferred Income Taxes | 557 | 583 | 94 | 107 | 70 | |
| Other Liabilities | 215 | 61 | 49 | 38 | 36 | |
| Noncurrent Liabilities of Discontinued Operations | 0 | 114 | 118 | — | — | |
| Total Liabilities | 7,531 | 10,222 | 4,760 | — | — | |
| Commitments and Contingencies (Note 18) | — | — | — | — | — | |
| Serial preferred stock, no par value Authorized 30,000 shares 0 shares issued and outstanding as of December 31, 2025 and 2024 | — | — | — | — | — | |
| Common shares, no par value Authorized 300,000 shares 98,631 and 98,260 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 7 | 7 | 7 | 7 | 7 | |
| Capital in excess of stated value | 192 | 183 | 159 | 141 | 120 | |
| Accumulated other comprehensive income/(loss) | 37 | −503 | −366 | −430 | −359 | |
| Retained earnings | 3,378 | 2,584 | 2,624 | 2,348 | 2,070 | |
| Total Sonoco Shareholders Equity | 3,614 | 2,272 | 2,424 | 2,066 | 1,837 | |
| Noncontrolling Interests | 18 | 15 | 7 | 7 | 12 | |
| Total Equity | 3,632 | 2,286 | 2,432 | 2,073 | 1,850 | |
| Total Liabilities and Equity | 11,162 | 12,508 | 7,192 | 7,053 | 5,073 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Asset impairments | 13 | 17 | 26 | 21 | −4 | |
| Depreciation and amortization | 519 | 375 | 341 | 309 | 245 | |
| Share-based compensation expense | 18 | 30 | 28 | 31 | 23 | |
| Net loss on foreign currency remeasurement | 0 | 114 | 0 | 0 | — | |
| Cash dividends from affiliated companies | 25 | 12 | 9 | 9 | 9 | |
| Net gain on disposition of assets | −23 | −55,000 | −66 | −6 | 15,000 | |
| Net (gain)/loss on divestiture of business | −978 | 23 | −57 | 0 | 3 | |
| Gain on remeasurement of investment in affiliated companies | 0 | −6 | 0 | 0 | — | |
| Pension and postretirement plan expense | 18 | 17 | 17 | 11 | 596 | |
| Pension and postretirement plan contributions | −22 | −20 | −15 | −37 | −164 | |
| Net decrease in deferred taxes | −23 | −56 | −12 | −10 | −159 | |
| Trade accounts receivable | 98 | 18 | 25 | −2 | −150 | |
| Inventories | −81 | −13 | 343 | −353 | −130 | |
| Payable to suppliers | −88 | 124 | −149 | 27 | 172 | |
| Prepaid expenses | 42 | −19 | 1 | 34 | −13 | |
| Income taxes payable and other income tax items | 126 | −11 | −28 | 6 | −42 | |
| Accrued expenses and other assets and liabilities | 51 | 75 | −47 | 18 | −13 | |
| Net cash provided by operating activities | 690 | 834 | 883 | 509 | 299 | |
| Purchases of property, plant and equipment | −344 | −393 | −363 | −329 | −256 | |
| Cash received in final net working capital settlement of acquisition | 17 | — | — | — | — | |
| Cost of acquisitions, net of cash acquired1 | — | −3,794 | −373 | −1,427 | −22 | |
| Proceeds from the sale of business, net | 2,470 | 81 | 33 | 0 | 92 | |
| Proceeds from the sale of assets, net | 47 | 16 | 80 | 10 | 13 | |
| Proceeds from settlement of net investment hedge | 0 | 9 | — | 0 | — | |
| Cash settlement of forward contract | 0 | −34 | 0 | 0 | — | |
| Investments in affiliated companies and other net investing proceeds | 6 | 10 | 3 | 5 | — | |
| Net cash provided/(used) by investing activities | 2,196 | −4,106 | −619 | −1,741 | −166 | |
| Proceeds from issuance of debt | 67 | 4,061 | 963 | 2,153 | 172 | |
| Principal repayment of debt | −2,831 | −152 | −1,113 | −286 | −628 | |
| Net (decrease)/increase in book cash overdrafts | −4 | −9 | 6 | −19 | 7 | |
| Payment of loan financing costs | 0 | −19 | 0 | 0 | — | |
| Payment of contingent consideration | 0 | −948,000 | 0 | 0 | 0 | |
| Dividends paid to noncontrolling interests | −243,000 | 0 | 0 | 0 | −1 | |
| Cash dividends | −208 | −203 | −197 | −187 | −179 | |
| Payments for share repurchases | −11 | −9 | −11 | −5 | −218 | |
| Net cash (used)/provided by financing activities | −2,987 | 3,668 | −352 | 1,294 | −514 | |
| Effects of Exchange Rate Changes on Cash | 36 | −106 | 13 | −5 | −13 | |
| (Decrease)/Increase in Cash and Cash Equivalents | −65 | 291 | −76 | 56 | −394 | |
| Non-cash additions to property, plant and equipment | 26 | 30 | 23 | 20 | 27 | |
| Interest paid, net of amounts capitalized | 261 | 151 | 136 | 88 | 68 | |
| Income taxes paid, net of refunds | 265 | 92 | 190 | 123 | 134 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is SONOCO PRODUCTS CO's CIK number?
SONOCO PRODUCTS CO's SEC CIK number is 0000091767 (91767). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find SONOCO PRODUCTS CO's SEC filings?
All of SONOCO PRODUCTS CO's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did SONOCO PRODUCTS CO last report earnings?
SONOCO PRODUCTS CO (SON) most recently filed an earnings 8-K with the SEC on Apr 21, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000091767-26-000019). This is SONOCO PRODUCTS CO's most recent earnings filing of record — not a forecast of its next earnings date.
What is SONOCO PRODUCTS CO's most recent earnings 8-K?
SONOCO PRODUCTS CO's latest earnings 8-K (Item 2.02) was filed Apr 21, 2026 under accession 0000091767-26-000019. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View SONOCO PRODUCTS CO's latest earnings 8-K →
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