From Financialpost · · 1m 10s
Sonoco Reports Third Quarter 2026 Results
Sonoco reports $2.0 billion net sales and $732 million GAAP net loss for Q3 2026.
In brief
Sonoco reports $2.0 billion net sales and $732 million GAAP net loss for Q3 2026. Sonoco reported a $732 million GAAP net loss and $167 million adjusted net income for Q3 2026, driven by goodwill impairment charges. Originally reported by Financialpost.
Sonoco Reports Q3 2026 Results
Sonoco Products Company reported financial results for the third quarter ended September 27, 2026.
Net Sales $2.0 Billion
Net sales in the third quarter were $2.0 billion, down 4.2% compared to the same period in 2025.
GAAP Net Loss
Reported GAAP net loss of $732 million, or $7.36 diluted earnings per share.
Goodwill Impairment
Non-cash goodwill impairment charge of $829 million attributable to Consumer EMEA/APAC and Industrial APAC businesses.
Adjusted Net Income
Third quarter adjusted net income was $167 million or $1.67 per adjusted diluted share.
Operating Cash Flow
Generated operating cash flow of $285 million in the third quarter, providing $218 million year-to-date.
Q3 2026 Results Summary
GAAP operating loss of $638 million driven by goodwill impairment charges and price/cost headwinds.
Here's the gist
Sonoco reported a $732 million GAAP net loss and $167 million adjusted net income for Q3 2026, driven by goodwill impairment charges.
