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SONOCO PRODUCTS COBullish
Sonoco Products reported third-quarter 2026 net sales of $2.0 billion and a GAAP net loss of $732 million, driven by an $829 million non-cash goodwill impairment charge. The company provided a revised full-year 2026 revenue guidance of $7.2 billion to $7.4 billion and is implementing a profitability performance plan to address ongoing inflationary and cost pressures.…more
SONOCO PRODUCTS CO
Dimensional Fund Advisors LP has filed a Schedule 13G, disclosing that it holds more than 5% of the outstanding shares of Sonoco Products Co. This filing formalizes the investment firm's position as a major shareholder, reflecting a passive investment stance.…more
SONOCO PRODUCTS CO
Kyle Richard G, an executive at Sonoco Products Co, filed a Form 4 statement regarding changes in beneficial ownership of securities as of October 1, 2026. This filing formalizes the changes in the insider's stock holdings.…more
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Sonoco Reports Q3 2026 Loss Due to Significant Goodwill Impairment
Sonoco reported a GAAP net loss of $732 million in the third quarter, driven by an $829 million non-cash goodwill impairment charge. While adjusted EPS fell to $1.67 from $1.92 a year ago, the company is implementing profitability plans to mitigate ongoing inflationary pressures.…more
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Sonoco Products has reaffirmed its adjusted EPS and sales guidance for fiscal year 2026. The projected adjusted EPS range remains above current analyst estimates.…more
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Sonoco has declared a quarterly cash dividend of $0.54 per share. The company continues its long-standing commitment to shareholders, having increased its annual dividend for 43 consecutive years.…more
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