SONOCO PRODUCTS (SON) Company Report

SONOCO PRODUCTS COMPANY (SON) hosted an Investor Day on February 17, 2026, to update investors on its value creation strategy, financial targets, and capital allocation plan.
The company set financial targets for 2026-2028, aiming for adjusted EBITDA of ~$1.5 billion and an expansion of adjusted EBITDA margins by approximately ~200 basis points by the end of 2028.
Sonoco is targeting cumulative Cash Flow from Operations of ~$2.5 billion for the 2026-2028 period and plans to maintain capital expenditures at ~4% of sales.
Capital allocation priorities include achieving long-term net leverage below 2.5x by the end of 2028, continuing dividend payments, and future share repurchases.

Feb 17, 2026, 2:05 PM

8-K

Sonoco Products Company Provides 2026-2028 Financial Targets and Strategy Update

SON

Guidance Update

Dividends

Share Buyback

Sonoco Products Company hosted an Investor Day on February 17, 2026, to present its value creation strategy and financial targets for 2026-2028.
The company aims to achieve adjusted EBITDA of ~$1.5 billion and expand adjusted EBITDA margins by approximately ~200 basis points by the end of 2028.
Sonoco is targeting cumulative Cash Flow from Operations of ~$2.5 billion for the 2026-2028 period and plans to reduce long-term net leverage to below 2.5x by the end of 2028.
Capital allocation priorities include continuing over 100 years of consecutive dividend payments and future share repurchases.

Feb 17, 2026, 2:00 PM

Press Release

Sonoco Products Presents Q4 and Full Year 2025 Results and Outlines 2026-2028 Targets at Investor Day

SON

Guidance Update

New Projects/Investments

M&A

Sonoco reported Q4 2025 revenue of $1.77 billion (up 30% year-over-year excluding discontinued operations) and full-year 2025 adjusted EPS of $5.71 (up 17%).
The company completed the ThermoSafe sale in November 2025, receiving $656 million in cash and reducing net debt by approximately $2.7 billion, bringing net leverage to ~3.0x by year-end 2025.
For 2026, Sonoco projects Net Revenue between $7.25 billion and $7.75 billion, Adjusted EBITDA between $1.25 billion and $1.35 billion, and Adjusted EPS between $5.80 and $6.20.
Looking ahead to 2026-2028, Sonoco targets ~200 basis points of margin improvement (generating $150-$200 million in savings), cumulative operating cash flow of ~$2.5 billion, and a long-term net leverage ratio of less than 2.5x.

Feb 17, 2026, 1:00 PM

Presentation

Sonoco Products Completes Portfolio Transformation, Reports 2025 Results, and Provides 2026 Guidance and Long-Term Targets

SON

Guidance Update

M&A

New Projects/Investments

Sonoco Products completed its portfolio transformation in 2025, shifting to a more consumer-focused packaging business, and significantly reduced its net leverage ratio from 6.4x to approximately 3x by year-end 2025, ahead of its target.
For the full year 2025, Sonoco reported $7.5 billion in net sales, $1.3 billion in Adjusted EBITDA, and $5.71 in Adjusted EPS for continued operations.
The company provided 2026 guidance, projecting sales between $7.25 billion and $7.75 billion, Adjusted EBITDA between $1.25 billion and $1.35 billion, and Adjusted EPS between $5.80 and $6.20.
Sonoco is targeting 200 basis points of Adjusted EBITDA margin expansion by the end of 2028, equating to $150 million-$200 million in cost savings, and expects to achieve $2.5 billion in accumulated operating cash flow over the next three years (2026-2028).

Feb 17, 2026, 1:00 PM

Transcript

Sonoco Products Reports Strong Full Year 2025 Results and Outlines 2026 Guidance and Long-Term Strategic Targets

SON

Guidance Update

M&A

New Projects/Investments

Sonoco Products Company announced the completion of its portfolio transformation in 2025, including the divestiture of ThermoSafe for $656 million, and a strategic consolidation of its consumer packaging segment. This transformation contributed to a 40% year-over-year reduction in net debt, bringing the net leverage ratio to approximately 3x by year-end 2025.
For the full year 2025, the company reported net sales of $7.5 billion (up 42%), Adjusted EBITDA of $1.3 billion (up 28% with a 16.9% margin), and Adjusted EPS of $5.71 (up 17%) from continued operations.
Sonoco provided its 2026 guidance, projecting sales between $7.25 billion and $7.75 billion, Adjusted EBITDA between $1.25 billion and $1.35 billion, and Adjusted EPS between $5.80 and $6.20. This outlook implies approximately 20% EPS growth over the 2025 pro forma EPS of $4.97.
The company also outlined strategic targets for 2026-2028, including $150 million to $200 million in additional cost savings (equating to 200 basis points of Adjusted EBITDA margin improvement), $2.5 billion in accumulated three-year operating cash flow, and a long-term net leverage ratio below 2.5 times.

Feb 17, 2026, 1:00 PM

Transcript

Sonoco Products Reports Strong 2025 Results, Provides 2026 Guidance, and Outlines 2028 Strategic Targets

SON

Guidance Update

Earnings

New Projects/Investments

Sonoco reported strong full year 2025 financial results with net sales of $7.5 billion, Adjusted EBITDA of $1.3 billion, and Adjusted EPS of $5.71, representing increases of 42%, 28%, and 17% respectively for continued operations.
The company provided 2026 guidance, projecting sales between $7.25 billion and $7.75 billion, Adjusted EBITDA of $1.25 billion to $1.35 billion, and Adjusted EPS of $5.80 to $6.20.
Sonoco announced the completion of its portfolio transformation, now focusing on global market-leading franchises in metal and paper consumer and industrial packaging.
Management is targeting an additional $150 million to $200 million in cost savings, leading to approximately 200 basis points of Adjusted EBITDA margin improvement by the end of 2028.
The company expects to generate $2.5 billion in cumulative operating cash flow and reduce its net leverage ratio to below 2.5x by the end of 2028.

Feb 17, 2026, 1:00 PM

Transcript

Sonoco Reports Q4 and Full Year 2025 Results, Issues 2026 Guidance

SON

Earnings

Guidance Update

M&A

Sonoco reported Q4 2025 net sales of $1.8 billion, a 29.7% increase year-over-year, and GAAP diluted EPS of $3.33, up from $(0.44) in Q4 2024, primarily due to a gain on the sale of a business. Adjusted diluted EPS for the quarter was $1.05.
The company completed the sale of its ThermoSafe business unit on November 3, 2025, for $656 million in gross cash proceeds, contributing to a $2.7 billion reduction in net debt for the full year 2025 and a net leverage ratio of approximately 3.0x.
For full-year 2026, Sonoco projects Net Revenue between $7.25 billion and $7.75 billion and Adjusted EPS between $5.80 and $6.20 per diluted share.

Feb 17, 2026, 11:04 AM

8-K

Sonoco Products Announces Q4 and Full Year 2025 Results and 2026 Outlook

SON

Earnings

Guidance Update

M&A

Sonoco Products reported strong Q4 2025 results, with Revenue up 30% to $1.77 billion, Total Operating Profit up 47% to $187 million, and Total Adjusted EPS up 5% to $1.05.
For the full year 2025, the company achieved Net Sales of $7.519 billion (excluding discontinued operations), Adjusted Operating Profit of $955 million, and Adjusted EPS of $5.71, representing significant year-over-year increases.
The company provided a 2026 financial outlook, projecting Net Revenue between $7.25 billion and $7.75 billion, Adjusted EBITDA between $1.25 billion and $1.35 billion, and Adjusted EPS between $5.80 and $6.20.
The Thermosafe sale closed in November 2025, generating $656 million in cash and contributing to a substantial reduction in net debt, with net leverage ending 2025 at approximately 3.0x, a significant decrease from ~6.4x in 2024.

Feb 16, 2026, 9:00 PM

Presentation

Sonoco Reports Q4 and Full Year 2025 Results, Issues 2026 Guidance

SON

Earnings

Guidance Update

M&A

Sonoco reported fourth quarter 2025 net sales of $1.8 billion, a 29.7% increase year-over-year, with GAAP net income attributable to Sonoco of $332.2 million and diluted EPS of $3.33.
For the full year 2025, the company generated $690 million in operating cash flow and significantly reduced net debt by $2.7 billion, ending the year with a net leverage of approximately 3.0x.
The company completed the sale of its ThermoSafe business unit on November 3, 2025, for $656 million in gross cash proceeds, substantially concluding its portfolio transformation.
Sonoco provided 2026 full-year guidance, targeting adjusted diluted EPS of $5.80 to $6.20, adjusted EBITDA of $1.25 billion to $1.35 billion, and net revenue of $7.25 billion to $7.75 billion.

Feb 16, 2026, 9:00 PM

Press Release

Sonoco Announces Retirement of COO Rodger Fuller

SON

Management Change

Sonoco Products Company announced on January 20, 2026, that Chief Operating Officer (COO) Rodger Fuller plans to retire effective February 28, 2026, after a 40-year career with the company.
Fuller became COO in 2020, responsible for the company's global consumer and industrial operations, diversified businesses, and Information Technology.
Sonoco does not intend to appoint a successor to the COO position, and the president of each business unit will now report directly to Howard Coker, President and CEO.