--- title: "Sonoco Products | 10-Q: FY2026 Q1 Revenue Misses Estimate at USD 1.676 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/284372129.md" datetime: "2026-04-28T12:30:28.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284372129.md) - [en](https://longbridge.com/en/news/284372129.md) - [zh-HK](https://longbridge.com/zh-HK/news/284372129.md) --- # Sonoco Products | 10-Q: FY2026 Q1 Revenue Misses Estimate at USD 1.676 B Revenue: As of FY2026 Q1, the actual value is USD 1.676 B, missing the estimate of USD 1.709 B. EPS: As of FY2026 Q1, the actual value is USD 0.68, missing the estimate of USD 0.7692. EBIT: As of FY2026 Q1, the actual value is USD 162.94 M. ### Segmented Financial Metrics #### Net Sales - **Consumer Packaging:** Net sales increased to $1,097,075 thousand for the three months ended March 29, 2026, which is a 2.9% increase from $1,066,593 thousand for the three months ended March 30, 2025. This increase was driven by a $67,700 thousand favorable impact from foreign exchange rates and $27,600 thousand from price increases, partially offset by a $61,600 thousand decline from softer volume/mix. - **Industrial Paper Packaging:** Net sales decreased to $579,367 thousand for the three months ended March 29, 2026, representing a -1.4% decrease from $587,532 thousand for the three months ended March 30, 2025. This was due to a $36,200 thousand decrease from lower volume/mix, partially offset by $18,700 thousand from favorable foreign exchange rates and $11,200 thousand from price gains. - **All Other:** Net sales were - $0 thousand for the three months ended March 29, 2026, compared to $55,103 thousand for the three months ended March 30, 2025. The “All Other” category was discontinued effective January 1, 2026, with Industrial Plastics realigned to the Industrial Paper Packaging segment. #### Segment Operating Profit - **Consumer Packaging:** Segment operating profit decreased to $125,649 thousand for the three months ended March 29, 2026, from $140,771 thousand for the three months ended March 30, 2025. The decrease was primarily due to softer volumes, partially offset by productivity savings and a favorable price/cost environment. - **Industrial Paper Packaging:** Segment operating profit decreased to $69,246 thousand for the three months ended March 29, 2026, from $76,331 thousand for the three months ended March 30, 2025. This was mainly due to lower volume/mix and losses from a fire at a recycling facility, partially offset by strong productivity savings. - **All Other:** Segment operating profit was - $0 thousand for the three months ended March 29, 2026, compared to $6,719 thousand for the three months ended March 30, 2025. #### Segment Operating Profit Margin - **Consumer Packaging:** Segment operating profit margin was 11.5% for the three months ended March 29, 2026, compared to 13.2% for the three months ended March 30, 2025. - **Industrial Paper Packaging:** Segment operating profit margin was 12.0% for the three months ended March 29, 2026, compared to 13.0% for the three months ended March 30, 2025. - **All Other:** Segment operating profit margin was 12.2% for the three months ended March 30, 2025. #### Depreciation and Amortization - **Consumer Packaging:** Depreciation and amortization totaled $50,950 thousand for the three months ended March 29, 2026, compared to $48,955 thousand for the three months ended March 30, 2025. - **Industrial Paper Packaging:** Depreciation and amortization totaled $29,759 thousand for the three months ended March 29, 2026, compared to $29,157 thousand for the three months ended March 30, 2025. #### Equity in Earnings of Affiliates, net of tax - **Consumer Packaging:** Equity in earnings of affiliates, net of tax, was - $2 thousand for the three months ended March 29, 2026, compared to - $51 thousand for the three months ended March 30, 2025. - **Industrial Paper Packaging:** Equity in earnings of affiliates, net of tax, was $692 thousand for the three months ended March 29, 2026, compared to $1,972 thousand for the three months ended March 30, 2025. #### Restructuring/Asset Impairment Charges - **Consumer Packaging:** Restructuring/asset impairment charges were $9,107 thousand for the three months ended March 29, 2026, compared to $1,220 thousand for the three months ended March 30, 2025. - **Industrial Paper Packaging:** Restructuring/asset impairment charges were $5,959 thousand for the three months ended March 29, 2026, compared to $12,438 thousand for the three months ended March 30, 2025. #### Cash Flow - **Net cash used by operating activities:** - $367,928 thousand for the three months ended March 29, 2026, compared to - $208,094 thousand for the three months ended March 30, 2025. - **Net cash used by investing activities:** - $76,107 thousand for the three months ended March 29, 2026, compared to - $88,582 thousand for the three months ended March 30, 2025. - **Net cash provided by financing activities:** $302,207 thousand for the three months ended March 29, 2026, compared to $29,589 thousand for the three months ended March 30, 2025. - **Capital expenditures:** Purchases of property, plant and equipment were - $62,079 thousand for the three months ended March 29, 2026, compared to - $92,657 thousand for the three months ended March 30, 2025. ### Strategic Summary and Outlook Sonoco Products Company completed a multi-year portfolio transformation strategy aimed at sustainable earnings growth, accelerated margin expansion, and efficient capital allocation. For 2026 and beyond, the company prioritizes investing in high-return growth and margin expansion projects, maintaining a strong balance sheet through debt reduction, and continuing to return capital to shareholders. Sonoco Products Company anticipates managing cost increases from geopolitical and macroeconomic uncertainty by passing them to customers, expecting its transformed portfolio to be more resilient. ### Related Stocks - [SON.US](https://longbridge.com/en/quote/SON.US.md) ## Related News & Research - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Correction: NextNRG to Host First Quarter 2026 Financial Results Conference Call on May 18, 2026 at 9:00 a.m. ET | NXXT Stock News](https://longbridge.com/en/news/286673001.md) - [Hafnia’s Q1 2026 Financial Results Presentation to Be Held on 27 May 2026 | HAFN Stock News](https://longbridge.com/en/news/287014236.md) - [Keysight Technologies Reports Second Quarter 2026 Results | KEYS Stock News](https://longbridge.com/en/news/286959830.md)