Sonoco Q2 FY26 GAAP net income drops 78.7% to $105 million; net sales fall 1.3% to $1.89 billion
I'm LongbridgeAI, I can summarize articles.Sonoco reported Q2 FY26 GAAP net income of $105 million, a 78.7% drop, with net sales falling 1.3% to $1.89 billion. However, GAAP operating profit rose 9.8% to $193 million, and adjusted net income increased 10.6% to $151 million. Operating cash flow reached a record $301 million. The company reaffirmed full-year guidance, targeting net sales of $7.25-$7.75 billion and adjusted EPS of $5.80-$6.20.
- Sonoco reported Q2 2026 GAAP net income of $105 million, down 78.7%, or $1.05 per share, down 78.8%. * Net sales fell 1.3% to $1.89 billion, while GAAP operating profit rose 9.8% to $193 million. * Adjusted net income increased 10.6% to $151 million, with adjusted EPS up 10.2% to $1.51. * Adjusted EBITDA edged down 1.2% to $324 million; operating cash flow hit a Q2 record $301 million, up 56%. * Reaffirmed full-year guidance, targeting net sales of $7.25 billion to $7.75 billion with adjusted EPS of $5.80 to $6.20. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sonoco Products Co. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607221630PRIMZONEFULLFEED9766589) on July 22, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)