Sonoco Posts $7.36 Per-Share Q3 Loss
SON sits 32% above its 52-week low of $38.65.
Summary
Sonoco reported a third-quarter loss of $732 million, or $7.36 per share, a swing from the $1.51 adjusted EPS it posted in Q2, on sales of $2.04 billion. Adjusted EPS for the quarter came in at $1.67. The size of the loss is far larger than any operating shortfall would explain, pointing to a one-time charge — likely a goodwill or asset impairment — though the headline gives no detail on the cause. This lands after the July 28 10-Q that beat consensus by $0.03 and reaffirmed full-year guidance, and the company now sees FY26 sales of $7.2B-$7.4B, FY26 adjusted EPS of $5.30-$5.50 and FY26 cash flow from operating activities of $600 million to $650 million. The stock trades near $51 with a roughly $5 billion market cap, so a loss of this magnitude is material to book value and to the earnings base investors were underwriting.
At the time of this announcement, SON was trading at $50.96 on NYSE in the Manufacturing sector, with a market capitalization of approximately $5B. The 52-week trading range was $38.65 to $60.67. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.