Sonoco Q2 FY26 GAAP net income drops 78.7% to $105 million; net sales fall 1.3% to $1.89 billion
SON•Guidance
- The company reaffirmed full-year guidance, targeting net sales of $7.25 billion to $7.75 billion with adjusted EPS of $5.80 to $6.20.
Quarterly results
- Sonoco reported Q2 2026 GAAP net income of $105 million, down 78.7%, or $1.05 per share, down 78.8%.
- Net sales fell 1.3% to $1.89 billion, while GAAP operating profit rose 9.8% to $193 million.
- Adjusted net income increased 10.6% to $151 million, with adjusted EPS up 10.2% to $1.51.
- Adjusted EBITDA edged down 1.2% to $324 million; operating cash flow hit a Q2 record $301 million, up 56%.
