Sonoco Q2 profit beats estimates driven by Industrial Paper Packaging
SON•Outlook
- Sonoco maintains 2026 net sales guidance of $7.25 bln to $7.75 bln
- Company expects 2026 adjusted EPS of $5.80 to $6.20, toward low end of range
- Sonoco projects improved margins as pricing actions and productivity initiatives take effect
Overview
- US packaging firm's Q2 sales slightly beat analyst expectations, despite a 1.3% yr/yr decline
- Adjusted EPS for Q2 rose 10% yr/yr, beating analyst expectations
- Company reaffirmed full-year 2026 guidance for sales, adjusted EBITDA, adjusted EPS, and cash flow
Key Details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Sales | Slight Beat* | $1.89 bln | $1.88 bln (10 Analysts) |
| Q2 Adjusted EPS | Beat | $1.51 | $1.48 (10 Analysts) |
| Q2 EPS | $1.05 | ||
| Q2 Net Income | $105 mln | ||
| Q2 Operating profit | $193 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
