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Earnings Score 42 Bullish

Sonoco Products Posts Q1 Profit Growth Despite Marginal Revenue Dip

Apr 21, 2026 20:26 UTC
SON
Short term

Sonoco Products (SON) reported an increase in first-quarter earnings per share and net income. The company provided full-year guidance for both revenue and earnings despite a slight contraction in quarterly sales.

  • GAAP earnings increased to $68 million from $54 million YoY
  • Earnings per share rose to $0.68 from $0.55
  • Adjusted earnings for the quarter totaled $119 million ($1.20 per share)
  • Quarterly revenue saw a 1.8% decrease to $1.67 billion
  • Full-year EPS guidance projected between $5.80 and $6.20
  • Annual revenue guidance set between $7.25 billion and $7.75 billion

Sonoco Products (SON) has announced its financial results for the first quarter, revealing a notable increase in bottom-line performance compared to the same period last year. The company successfully grew its net income despite facing a slight headwind in total revenue. According to the GAAP report, the company's earnings rose to $68 million, or $0.68 per share, up from $54 million, or $0.55 per share, in the prior year's first quarter. When excluding specific items, Sonoco reported adjusted earnings of $119 million, which equates to $1.20 per share for the period. On the top line, the company experienced a modest decline. Revenue for the quarter fell 1.8% to $1.67 billion, down from $1.70 billion reported in the previous year. This suggests a tightening of sales volume or pricing pressures, even as profitability improved. Looking forward, Sonoco has established its full-year expectations. The company provided EPS guidance ranging from $5.80 to $6.20 and projected full-year revenue to fall between $7.25 billion and $7.75 billion. Market participants will likely focus on the company's ability to maintain margin expansion in the face of slightly declining revenues. The provided guidance suggests management expects a stable performance throughout the remainder of the fiscal year.

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