AI-extracted from the 10-Q filed 2026-07-28 — Q2 FY2026 (quarter ended June 28, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 net sales fell (1.3)% to $1.9 billion as the ThermoSafe divestiture cut $(65.7) million and volumes $(22.9) million, while GAAP operating profit rose 9.8% to $192.8 million.
Biggest Revenue Drivers
Consumer Packaging$1,241.8M+1.2% YoY
Foreign exchange added $20.3M and price increases $18.9M, partially offset by softer volume/mix of $(22.1)M
Industrial Paper Packaging$643.6M+4.2% YoY
Index-based pricing resets added $18.1M and foreign exchange $8.8M, with volume/mix flat
Biggest Revenue Drivers
Total revenue: $1,885.5M-1.3% YoY
Consumer Packaging$1,241.8M+1.2% YoY
Foreign exchange added $20.3M and price increases $18.9M, partially offset by softer volume/mix of $(22.1)M
Within Consumer Packaging
EMEA$705.4M
Largest geography within Consumer Packaging
United States$468.0M
U.S. sales within the Consumer Packaging segment
Industrial Paper Packaging$643.6M+4.2% YoY
Index-based pricing resets added $18.1M and foreign exchange $8.8M, with volume/mix flat
Within Industrial Paper Packaging
United States$409.9M
U.S. sales within the Industrial Paper Packaging segment
Largest Expense Items
Cost of sales$1,493.1M-0.7% YoY
ThermoSafe divestiture cut $(49.0)M and labor $(18.4)M, offset by higher direct material $36.9M and freight $20.5M
Selling, general and administrative$200.2M-8.5% YoY
Lower acquisition/integration/divestiture costs of $(9.1)M and $(7.8)M from the ThermoSafe divestiture
Interest expense$45.5M-29% YoY
Lower average debt levels after 2025 repayments using TFP and ThermoSafe proceeds
Restructuring/Asset impairment charges, net$1.9M
Ongoing costs of prior-year plant closures, offset by revisions to severance estimates
Margins: Gross profit margin declined to 20.8% from 21.3%, with SG&A falling to 10.6% of sales. Consumer Packaging operating margin fell to 12.2% from 13.1%; Industrial Paper Packaging held at 13.9%.
Watch Items from the Filing
Consumer Packaging EMEA/APAC goodwill of $1,415,082 thousand is flagged at risk of near-term impairment following the Eviosys fair-value step-up.
Volume/mix reduced quarterly sales by $(22.9) million as macroeconomic and geopolitical pressures weighed on the supply chain and customers.
Scheduled debt maturities of approximately $968.8 million over the next twelve months, against $168.6 million cash and $1.134 billion of revolver capacity.
Operating activities used cash of $67.3 million in the first six months, versus $14.7 million used a year earlier.
Imported metal ends now face a 25% Section 232 tariff; the Company says it has the contractual ability to pass such costs to customers.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About SONOCO PRODUCTS CO (SON): stock profile, AI score and financials
SONOCO PRODUCTS CO (SON) stock profile, AI quality score, and SEC EDGAR financial data, a Materials sector company. 13F Pro's AI-powered ranking engine scores SON at 66.8/100 on a composite quality score built from its SEC filings, placing it at rank #389 of 2,925 stocks — the top 25% of the AI-ranked universe. SON scores in the top quartile across institutional flow (91.2), revenue scale (83.2), revenue growth (79.0). Areas of concern include earnings quality (38.4), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), SONOCO PRODUCTS CO reports quarterly revenue of $1.9B, net income of $104.9M, an operating margin of 10.2%. Top institutional holders of SON by reported 13-F value include BlackRock, FULLER & THALER ASSET MANAGEMENT, DIMENSIONAL FUND ADVISORS, based on the most recent SEC filings. SON trades on the NYSE exchange and files with the SEC under CIK 91767. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SON daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for SONOCO PRODUCTS CO directly from SEC EDGAR.