Recent Updates — SON
Sonoco Products Company announced an organizational restructuring of its Global Consumer Packaging businesses under a single integrated leadership structure reporting to Ernest Haynes, who was named President of this segment generating approximately $5.2 billion in annual sales. Sean Cairns, President of Sonoco EMEA/APAC, is departing the company after 17 years with Sonoco and 30 years in the industry. The Global Consumer Packaging segment comprises roughly 98 operations in 25 countries and employs 11,250 people serving major consumer brands. Sonoco Products Company operates as a global leader in value-added, sustainable metal and paper consumer and industrial packaging.
Sonoco Products Company reported second quarter 2026 results with net sales of $1.9 billion, down 1.3% year-over-year, and adjusted diluted earnings per share of $1.51. The company reaffirmed its full-year 2026 guidance for sales, adjusted EBITDA, adjusted EPS, and operating cash flow. Sonoco Products Company is a global packaging company providing various packaging solutions for consumer and industrial segments.