Foreign exchangemixed · 5 filings
“These unfavorable factors were partially offset by productivity savings from fixed cost reduction initiatives and procurement savings and the favorable impact from foreign exchange rates.”10-Q · Jul 28, 2026 ↗
Sonoco Products Company
SON
Market read
Sonoco Products Company's current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 26 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.
What changed
- Net income increased 24.2% versus the comparable filing period.
- Revenue decreased 1.9% versus the comparable filing period.
Company-1.3% todayVolume comparison unavailable
Market group0 of 26 activeCyclical Consumer Demand · unavailable
Disclosed network0 of 5 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Higher selling prices implemented to offset inflation and tariffs produced a reported dollar benefit in the period.
Invalidation: The isolated read changes if SON's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 26 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.
Evidence that supports
- Net income increased 24.2% versus the comparable filing period.
Evidence that challenges
- Revenue decreased 1.9% versus the comparable filing period.
- Operating cash flow covered only -5.44x net income.
What would clarify the read
- Higher selling prices implemented to offset inflation and tariffs produced a reported dollar benefit in the period.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations328
Usable filing statements192
Verified relationships5
Evidence supporting the case
- Latest annual revenue changed +41.7% year over year.
- Operating margin changed +7.4 percentage points in the latest annual period.
- Net margin changed +10.2 percentage points in the latest annual period.
- Foreign exchange has repeated favorable evidence across 5 filings.
- Macroeconomic conditions has repeated favorable evidence across 4 filings.
- Tariffs and trade policy has repeated favorable evidence across 4 filings.
Evidence challenging the case
- Demand and volume has repeated adverse evidence across 4 filings.
Questions before a position
- P/E is 69% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 11, 2026
47.856m-9.3%12m+3.9%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$5.6B+6.7%$-0.86-1.6%
2022-12-31$5.4B-3.7%$4.72-0.9%
2023-12-31$5.4B+1.1%$4.80+0.2%
2024-12-31$5.3B-2.5%$1.65+0.4%
2025-12-31$7.5B+41.7%$10.07+0.3%
What management says matters
Persistent and emerging business drivers
Restructuring and cost reductionsmixed · 5 filings
“These unfavorable factors were partially offset by productivity savings from fixed cost reduction initiatives and procurement savings and the favorable impact from foreign exchange rates.”10-Q · Jul 28, 2026 ↗
Demand and volumenegative · 4 filings
“As a result of this geopolitical and macroeconomic uncertainty, the Company expects inflation related to input costs, energy, and logistics to persist over the second half of 2026; however, it does not expect these co st pressures to materially impact the Com…”10-Q · Jul 28, 2026 ↗
Macroeconomic conditionspositive · 4 filings
“The significant use of cash in the first six months of both years resulted from increased inventory levels, mainly in tinplate steel, reflecting the impacts of both inflation and seasonality.”10-Q · Jul 28, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 0.6× · EV/sales 1.1×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
47.85-1.3% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for SON. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing shows material pressure
10-Q filed 2026-04-28 against the comparable filing from 2025-05-02.
OperationscautiousEvidence score -1
liquiditycautiousEvidence score -1
valuationmixed
What improved
- Net income increased 24.2% versus the comparable filing period.
What weakened
- Revenue decreased 1.9% versus the comparable filing period.
- Operating cash flow covered only -5.44x net income.
Filing receipts
“Net interest expense for the first quarter of 2026 decreased to $35.8 million, compared with $48.7 million during the first quarter of 2025, primarily due to lower average debt levels resulting from the Company’s repayment of debt during 2025 utilizing proceeds from the divestitures of TFP and ThermoSafe.”
“Segment operating profit decreased compared to the corresponding prior year quarter primarily due to softer volumes, partially offset by the benefits from productivity savings and a favorable price/cost environment.”
“Segment operating profit decreased compared to the corresponding prior year quarter primarily due to lower volume/mix and losses attributable to a fire at a recycling facility in Greenville, South Carolina.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind SON
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
PKG37.8% of SONcustomerFeb 26, 2026 ▾
“Segment net sales increased $775.9 million over the corresponding prior year quarter primarily as a result of $758.2 million of net sales, including the impact of foreign exchange rates, attributable to Metal Packaging EMEA following the December 2024 acquisi…”
PKGPackaging Corporation of AmericapartnerFeb 26, 2026 ▾
“Eviosys, now operated as Sonoco Metal Packaging EMEA in the Company’s Consumer Packaging segment, is a global supplier of metal packaging that produces food cans and ends, aerosol cans, metal closures and promotional packaging with a large metal food can manu…”
Depended on by
CCKCrown Holdings, Inc.competitorFeb 27, 2026 ▾
“The Company’s competitors include, but are not limited to, Ardagh Metal Packaging, Ball Corporation, Baosteel Packaging, Can-Pack S.A., Metal Container Corporation, Silgan Holdings Inc., Sonoco, and Trivium Packaging.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 3 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
SON is currently a Follower in the organic co-movement group Cyclical Consumer Demand. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.