Sonoco Products Company executive James A. Harrell III reported a new open-market share purchase. As President of Global Industrial Paper Packaging, he bought 6,753.3117 shares of Sonoco common stock through a 401(k) plan at an average price of $50.3728 per share, with trades executed between $50.3726 and $50.3729. Following this purchase, his indirect 401(k) holdings rose to 10,069.6191 shares, and a separate entry shows 59,956 shares held directly.
Sonoco Products Company reported first‑quarter 2026 net sales of $1,676.4 million, slightly below $1,709.2 million a year earlier, as volumes and mix shifted across Consumer Packaging and Industrial Paper Packaging. Consumer Packaging contributed $1,097.1 million and Industrial Paper Packaging $579.4 million of sales.
Net income attributable to Sonoco from continuing operations rose to $67.6 million from $49.3 million, and diluted earnings per share increased to $0.68 from $0.50, helped by a lower effective tax rate of 12.4% versus 30.9%. Operating profit from continuing operations was broadly stable at $127.1 million. Cash used by operating activities was $367.9 million, reflecting working capital outflows and tax payments, while the company increased commercial paper borrowings to $344.0 million. Sonoco paid a quarterly dividend of $0.53 per share and declared a subsequent dividend of $0.54 per share.
Sonoco Products CFO Paul Joachimczyk bought additional company stock in the open market. He purchased 8,058 shares of Sonoco Products common stock in an open-market transaction at a price of $49.6399 per share. Following this purchase, he directly owns 28,558 shares of Sonoco Products common stock.
Sonoco Products Company reported mixed first quarter 2026 results. Net sales from continuing operations were $1.68 billion, down 1.9% year over year, mainly due to the prior divestiture of the ThermoSafe business, partially offset by pricing actions and favorable foreign exchange.
GAAP net income attributable to Sonoco rose to $67.6 million from $54.4 million, with diluted EPS up to $0.68 from $0.55, helped by lower taxes. However, adjusted net income declined to $119.4 million and adjusted EPS fell to $1.20 from $1.38, while adjusted EBITDA dropped 18.1% to $276.5 million, reflecting weaker volume/mix and divestitures.
The Consumer Packaging segment grew net sales 2.9% to $1.10 billion, but segment operating profit and adjusted EBITDA decreased. Industrial Paper Packaging net sales slipped to $579 million, with margin pressure from lower volumes and a fire at a recycling facility. Operating cash flow was a use of $(367.9) million, driven by seasonal working capital and about $103 million of one-time taxes on 2025 divestiture gains, leading to negative free cash flow of $(428.3) million.
For full-year 2026, Sonoco reaffirmed guidance for net sales of $7.25–$7.75 billion, adjusted EBITDA of $1.25–$1.35 billion, and operating cash flow of $700–$800 million, but now expects results at the low end of prior adjusted EPS guidance of $5.80–$6.20 due to inflation and softer demand.
Sonoco Products Company reported the voting results from its 2026 Annual Meeting of Shareholders held on April 15, 2026. Shareholders elected all nominated directors to one-year terms, with each nominee receiving more votes "for" than "against".
They approved the ratification of PricewaterhouseCoopers LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 84,309,119 votes for and 4,636,237 against. Shareholders also approved the advisory (non-binding) resolution on executive compensation and Amendment No. 1 to the 2024 Omnibus Incentive Plan.
An advisory (non-binding) shareholder proposal requesting greater transparency in political spending did not pass, receiving 31,557,422 votes for and 42,656,683 votes against, with additional abstentions and broker non-votes reported.
WHIDDON THOMAS E reported acquisition or exercise transactions in this Form 4 filing.
Sonoco Products director Thomas E. Whiddon received a grant of 657.1 Phantom Stock Units on April 1, 2026. Each phantom unit is the economic equivalent of one share of Sonoco common stock and tracks the value of the company’s shares.
The units were accrued under Sonoco’s directors deferred compensation plan at an implied value of $55.17 per unit. After this award, Whiddon holds a total of 68,302.9 Phantom Stock Units, which are scheduled to be settled in Sonoco common stock six months after his retirement.
MCGARVIE BLYTHE J reported acquisition or exercise transactions in this Form 4 filing.
Sonoco Products Company director Blythe J. McGarvie received a grant of 657.1 Phantom Stock Units on Sonoco common stock, valued at $55.17 per unit. These units are the economic equivalent of common shares and were accrued under the directors deferred compensation plan.
After this grant, McGarvie holds 33,569 Phantom Stock Units. The units are scheduled to be settled in Sonoco common stock six months after the director’s retirement, aligning this compensation with long-term company performance rather than immediate market trading.
Kyle Richard G reported acquisition or exercise transactions in this Form 4 filing.
Sonoco Products director Kyle Richard G reported a compensation-related grant of 657.1000 Phantom Stock Units on 2026-04-01. Each unit is economically equivalent to one share of Sonoco Products common stock at a reference value of $55.1700 per unit. The units were accrued under the directors deferred compensation plan and will be settled in common stock 6 months after his retirement. Following this grant, his phantom stock balance is 29906.0000 units.
Istavridis Eleni reported acquisition or exercise transactions in this Form 4 filing.
Sonoco Products Company director Eleni Istavridis received a grant of 657.1 Phantom Stock Units. Each unit is the economic equivalent of one share of Sonoco common stock and was valued at $55.17 per unit. Following this award, she holds 15,478.5 phantom stock units. These units were accrued under the company’s directors deferred compensation plan and will be settled in Sonoco common stock six months after her retirement.
HILL ROBERT R JR reported acquisition or exercise transactions in this Form 4 filing.
Sonoco Products Company director Robert R. Hill, Jr. received a grant of 1,291.5 Phantom Stock Units on Sonoco common stock. Each phantom unit is the economic equivalent of one Sonoco share, awarded at a reference price of $55.17 per unit.
Following this award, Hill holds 29,642.3 phantom stock units. The units were accrued under Sonoco’s directors deferred compensation plan and will be settled in Sonoco common stock six months after his retirement, making this a non-cash, compensation-related increase in his deferred equity exposure rather than an open-market stock purchase.