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Sonoco Products (SON)
NYSE:SON
Earnings Data
Report Date
May 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.22Last Year’s EPS
1.38Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong financial and operational progress: substantial YoY revenue, EBITDA and EPS growth, normalized operating cash flow near $906M, major debt reduction and completion of a portfolio transformation that positions the company for margin expansion and consistent earnings growth. Management provided concrete 2026 guidance and multi-year targets (including $150M–$200M of margin improvement and $2.5B cumulative operating cash flow through 2028). Offsetting items included modest volume softness, one-time tax impacts that depressed reported cash flow, lost earnings from divestitures, a short-term operational downtime event, and expected increases in the effective tax rate and some interest expense. Overall, the positives — record segment performance, strong cash generation, rapid deleveraging, and a clear, actionable margin/cash plan — outweigh the transitory and manageable negatives.Company Guidance
Strong Top-Line Growth (Q4 & Full Year 2025)
Q4 2025 net sales for continued operations increased 30% to $1.8B. Full-year 2025 net sales increased 42% to $7.5B, driven by the metal packaging EMEA acquisition, favorable pricing and FX.
EBITDA and Margin Expansion
Q4 adjusted EBITDA rose 10% to $272M with margin expansion of 51 basis points. Full-year adjusted EBITDA increased 28% to $1.3B and margin expanded 120 basis points to 16.9%.
EPS Growth
Q4 adjusted EPS was $1.05, up 5% year-over-year. Full-year adjusted EPS was $5.71, a 17% increase year-over-year (pro forma 2025 EPS of $4.97; 2026 pro forma EPS expected to grow ~20%).
Strong Cash Generation and Normalized Operating Cash Flow
Q4 operating cash flow was $413M (includes a one-time tax item). Full-year operating cash flow was $690M including $216M of one-time items; normalized full-year operating cash flow was $906M, underscoring strong cash generation.
Debt Reduction and Improved Leverage
Proceeds from ThermoSafe ($656M) plus free cash flow were used to reduce debt by $966M in Q4. Net debt declined ~40% year-over-year and net leverage fell from 6.4x to approximately 3x at year-end, tracking ahead of the prior target.
Record Performance in Metal Packaging U.S. & Industrial
Metal Packaging U.S. delivered a record quarter and year; U.S. food can units were up 10% in the quarter and 9% for the full year, exceeding industry averages. Industrial segment delivered a record year with margins expanding for the ninth consecutive quarter.
Portfolio Transformation Completed
Company completed its portfolio transformation, simplifying to two focused segments (Consumer and Industrial), divested ThermoSafe for $656M (~13x valuation), and consolidated global metal and rigid paper containers into an integrated consumer structure.
Forward Guidance and Multi-Year Targets
2026 guidance: sales $7.25B–$7.75B, adjusted EBITDA $1.25B–$1.35B, adjusted EPS $5.80–$6.20, operating cash flow $700M–$800M (includes ~$100M of onetime taxes). 2026–2028 targets include ~200 bps margin improvement (~$150M–$200M), ~GDP organic growth, and $2.5B cumulative operating cash flow through 2028 with long-term net leverage target below 2.5x.
SON Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SON Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 16, 2026 | $51.67 | $56.72 | +9.77% |
Oct 22, 2025 | $40.95 | $40.89 | -0.14% |
Jul 23, 2025 | $47.49 | $47.39 | -0.21% |
Apr 29, 2025 | $45.08 | $39.53 | -12.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Sonoco Products (SON) report earnings?
Sonoco Products (SON) is schdueled to report earning on May 05, 2026, Before Open (Confirmed).
What is Sonoco Products (SON) earnings time?
Sonoco Products (SON) earnings time is at May 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SON EPS forecast?
SON EPS forecast for the fiscal quarter 2026 (Q1) is 1.22.