SONOCO PRODUCTS CO SEC Filings

Sonoco Products Company announced leadership and organizational changes in its Global Consumer Packaging businesses, aligning them under a single integrated leadership structure reporting to Ernest Haynes, who has been named President, Global Consumer Packaging.

As President of this segment, Haynes will oversee Sonoco’s largest global business with roughly $5.2 billion in annual sales, 98 operations in 25 countries and 11,250 employees, serving major consumer brands. Sonoco’s Industrial Paper Packaging segment continues to be led by James Harrell, while Sean Cairns, President, Sonoco EMEA/APAC, is leaving the company after a long tenure.

Sonoco states that the new structure is expected to simplify its operating model and support collaboration, innovation and growth. Company-wide, net sales from continuing operations were $7.5 billion in 2025, with approximately 22,000 employees in 263 operations across 37 countries.

Sonoco Products Co executive John M. Florence (General Counsel, Secretary and VP) on 2026-07-29 exercised 6,859 Stock Appreciation Rights, acquiring 6,859 common shares at $54.4600 per share. Of these, 6,598 shares were withheld to cover exercise price or tax obligations and 261 shares were sold at $58.5600. An additional 22.9274 common shares are reported as held indirectly by his spouse after these transactions.

Sonoco Products executive James A. Harrell III, President of Global Industrial Paper Packaging, reported an acquisition of 6,753.3117 shares of Sonoco common stock on April 27, 2026. The shares were acquired indirectly via a 401(k) employee benefit plan in a discretionary transaction under Rule 16b-3(f) at a weighted-average price of $50.372870 per share, with purchase prices ranging from $50.3726 to $50.3729. Following this transaction, Harrell indirectly holds 10,069.6191 shares of Sonoco common stock through the 401(k). An amended report corrects the transaction code and clarifies that the activity occurred under an issuer employee benefit plan.

Sonoco Products Company reported second‑quarter 2026 net sales of $1.89 billion, slightly below $1.91 billion a year earlier, while operating profit rose to $192.8 million from $175.7 million. Net income from continuing operations increased to $105.0 million (diluted EPS $1.05) from $68.7 million ($0.69). Six‑month 2026 net sales were $3.56 billion with net income from continuing operations of $172.6 million (EPS $1.73) versus $118.0 million ($1.19) in 2025. Prior‑year net income included a $424.5 million after‑tax gain from the TFP divestiture, reported as discontinued operations.

Cash generation weakened: for the first half of 2026, net cash used by operating activities was $67.3 million, compared with $14.7 million used in 2025, as trade receivables, inventories and prepaid expenses increased and income taxes payable declined. Cash and cash equivalents fell to $168.6 million from $378.4 million at year‑end, while total debt was $4.45 billion, including long‑term debt of $3.48 billion. The company added an undrawn $300 million delayed‑draw term loan facility and maintained a $1.25 billion revolving credit facility with $1.13 billion of available capacity. The quarterly dividend was raised to $0.54 per share.

Sonoco Products Company reported second quarter 2026 results with net sales of $1.9 billion, down 1.3% from a year earlier, mainly reflecting the divestiture of its ThermoSafe business. GAAP net income was $105 million and diluted EPS $1.05, versus $493 million and $4.96, which included a $425 million gain on the Thermoformed and Flexibles Packaging divestiture.

Adjusted performance improved: adjusted net income rose 10.6% to $151 million, adjusted diluted EPS increased to $1.51, and adjusted EBITDA was $324 million, slightly below last year. Industrial Paper Packaging net sales grew 4.2%, with North America URB trade tons up 6% and mill utilization at 95%, while Consumer Packaging net sales grew 1.2% but segment operating profit declined.

Sonoco generated record second quarter operating cash flow of $301 million and free cash flow of $237 million, and ended the quarter with $1.3 billion of liquidity and net debt of $4.3 billion. Management reaffirmed full‑year 2026 guidance, including net sales of $7.25–$7.75 billion, adjusted EBITDA of $1.25–$1.35 billion and adjusted EPS of $5.80–$6.20, supported by productivity and cost initiatives.

Joachimczyk Paul reported acquisition or exercise transactions in this Form 4 filing.

Sonoco Products Company CFO Paul Joachimczyk received a grant of 2,296 restricted stock units on June 30, 2026. Each unit represents a contingent right to receive one share of Sonoco common stock.

The units vest three years from the grant date, and vested shares will be delivered six months after his retirement or termination of service. Following this award, his reported restricted stock unit holdings from this filing total 2,296 units held directly.

Kyle Richard G reported acquisition or exercise transactions in this Form 4 filing.

Sonoco Products director Richard G. Kyle received a grant of 645.6 Phantom Stock Units, each economically equivalent to one share of Sonoco common stock at a reference price of $56.15 per unit. Following this award, he holds 30,881.2 Phantom Stock Units directly. These units were accrued under the directors deferred compensation plan and are scheduled to be settled in Sonoco common stock six months after his retirement.

Istavridis Eleni reported acquisition or exercise transactions in this Form 4 filing.

Sonoco Products Company director Eleni Istavridis received a compensation grant of phantom stock units. On 2026-07-01, she was awarded 645.6 phantom stock units tied to Sonoco common stock at a reference value of $56.15 per unit.

Each phantom stock unit is economically equivalent to one share of common stock and is accrued under Sonoco’s directors deferred compensation plan. After this award, Istavridis holds a total of 16,294.7 phantom stock units, which will be settled in common stock six months after her retirement.