UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-11261 SONOCO PRODUCTS COMPANY (Exact name of registrant as specified in its charter) South Carolina (State or other jurisdiction of incorporati ...

SONOCO TODAY 2 $7.8 B* $1.3 B 22,000 37 Revenue Adj. EBITDA Employees Plants Countries 265 End Market Geography Consumer Industrial Americas Europe Other *Includes discontinued operations Bank of America Agriculture & Materials Conference | February 26, 2026 Invest in Ourselves Through Technology/Innovation International Paper Can and Bottoms Automation Initiative Renewable Energy Projects Project Horizon 2020 2025 Acquire and Create Scaled, Market Leading Businesses Can Packaging (GreenCan) Eviosys RTS/ Ch ...

Sonoco has posted an attributable net income of $332.2m in the fourth quarter of 2025, rebounding from a $43m loss in the same period last year. The packaging business’s operating profit increased to $520.2m for the three months to December 2025, from $56.1m a year earlier. Diluted earnings per share stood at $3.33, from a loss of $0.44 per share, largely reflecting gains from the sale of a business. Quarterly net sales totalled $1.8bn, representing a 29.7% rise, with acquisition activity as the main d ...

Core Viewpoint - Sonoco Products (SON) shares surged 30% year-to-date, reaching a 52-week high of $57.83 after beating Q4 earnings and providing strong guidance for 2026, raising questions about the sustainability of this momentum [1] Group 1: Financial Performance - Sonoco's adjusted operating profit increased by 47.1% year-over-year, driven by the acquisition of Eviosys, which boosted Consumer Packaging revenue by 62.1% to $1.14 billion [1] - The company reported adjusted earnings of $1.05 per share, exceeding the consensus estimate of $1.01 [1] - Operating cash flow declined by 17.28% to $689.8 million in 2025, influenced by one-time divestiture taxes and working capital needs from the Eviosys integration [1] Group 2: Strategic Initiatives - Sonoco reduced its net debt by $2.7 billion in 2025, lowering the leverage ratio to approximately 3.0x [1] - The company completed a portfolio transformation, simplifying its Consumer Packaging segment by consolidating its global Metal Packaging and Rigid Paper Containers businesses [1] - The 2026 guidance projects adjusted earnings of $5.80 to $6.20 per share, indicating a 20% improvement excluding divested businesses [1] Group 3: Market Position and Valuation - Sonoco trades at a forward price-to-earnings ratio of 9x, which is below historical averages for the packaging sector, suggesting potential for multiple expansion [1] - The company offers a 4.1% dividend yield, supported by 42 consecutive years of increases, appealing to income-focused investors [1] Group 4: Technical Indicators and Market Sentiment - The stock's 14-day relative strength index reached 82.11, indicating it is in overbought territory [1] - Sonoco's stock is trading near the analyst consensus price target of $57.88, with mixed ratings of five Buy and five Hold [1] - Management acknowledged headwinds in the market, including uncertain conditions and softer volumes in rigid paper packaging [1]

Core Insights - Sonoco held its 2026 Investor Day, highlighting the company's commitment to transparency and investor relations [1] - The event featured presentations from key executives, including the President and CEO, and the Chief Financial Officer, focusing on financial results and strategic direction [2] Financial Performance - A review of the fourth quarter and full year results was conducted, with detailed financial information provided in a news release and presentation available on the company's website [2] - The strategic review will follow the financial results, indicating a focus on future growth and operational strategies [3] Business Units Overview - Presentations from the presidents of the three business units will cover both Industrial and Consumer businesses, showcasing the company's diverse operational segments [3]

Sonoco Products Company 2026 Investor Day Summary Company Overview - **Company**: Sonoco Products Company (NYSE:SON) - **Event**: 2026 Investor Day held on February 17, 2026 - **Key Speakers**: Howard Coker (President and CEO), Paul Joachimczyk (CFO), Roger Schrum (Head of Investor Relations) [1][2] Industry and Market Position - **Industry**: Packaging, specifically focusing on metal and paper packaging - **Market Position**: Sonoco has completed its portfolio transformation, establishing global market-leading franchises in both consumer and industrial packaging [4][5][22] Financial Performance Highlights - **Fourth Quarter 2025 Results**: - Net sales increased by 30% to $1.8 billion, driven by Metal Packaging EMEA acquisition and strong pricing [10] - Adjusted EBITDA rose by 10% to $272 million, with margin expansion of 51 basis points [11] - Adjusted EPS was $1.05, up 5% year-over-year [11] - Operating cash flow for the quarter was $413 million [11] - **Full Year 2025 Results**: - Net sales increased by 42% to $7.5 billion [12] - Adjusted EBITDA increased by 28% to $1.3 billion, with a margin of 16.9% [12] - Adjusted EPS was $5.71, a 17% increase year-over-year [12] - Operating cash flow was $690 million, with a normalized cash flow of $906 million [13] Strategic Initiatives and Future Outlook - **2026 Guidance**: - Projected sales of $7.25 billion to $7.75 billion [14] - Expected Adjusted EBITDA of $1.25 billion to $1.35 billion [14] - Anticipated Adjusted EPS of $5.80 to $6.20 [14] - Operating cash flows projected at $700 million to $800 million [14] - **Strategic Focus**: - Emphasis on sustainable growth, margin improvement, and efficient capital allocation [27][31] - Targeting 200 basis points of margin improvement by the end of 2028, translating to $150 million to $200 million in savings [29][31] - Plans to reduce long-term net leverage ratio to below 2.5 times [31] Portfolio Transformation - **Completed Transformation**: The company has reduced its diversified businesses from 20 to 2 core segments, focusing on high-value paper and metal cans [26] - **Performance Metrics**: Since the transformation began in 2020, revenue has grown by 50%, Adjusted EBITDA by 67%, and EBITDA margin expanded by approximately 200 basis points [26] Operational Efficiency and Sustainability - **Sustainability Initiatives**: Sonoco aims to reduce global carbon emissions by 25% before 2030 through improved packaging design and renewable energy sources [30] - **Investment in Technology**: Focus on automation and data analytics to enhance productivity and reduce waste [60] Key Business Segments - **Industrial Packaging**: - Revenue of $2.4 billion, with a focus on vertically integrated, low-cost systems [39] - Targeting sustainable consumer end markets, with over 65% of products supporting consumer-facing markets [39][41] - **Consumer Packaging**: - Revenue of approximately $2.9 billion, with a focus on both paper and metal packaging solutions [51] - Strong emphasis on sustainability and innovation, with new product launches in the APAC region [55][62] Conclusion - **Future Outlook**: Sonoco is positioned for durable earnings growth with a simplified structure, improved margins, and a strong focus on customer relationships and sustainability [36][66] - **Leadership Team**: The company boasts an experienced leadership team dedicated to executing its strategic priorities and driving growth [32][36]

Core Insights - Sonoco Products Company hosted an Investor Day to update investors on its value creation strategy, financial targets, and capital allocation plan [1] Financial Targets and Capital Allocation - Sonoco aims for approximately 200 basis points of margin expansion by 2028, translating to an incremental value of $150 million to $200 million [2] - The company targets adjusted EBITDA of approximately $1.5 billion by the end of 2028 and aims to expand adjusted EBITDA margins by around 200 basis points [6] - Cumulative cash flow from operations is targeted at approximately $2.5 billion from 2026 to 2028, with capital expenditures maintained at about 4% of sales during the same period [6] - Long-term net leverage is targeted to be below 2.5x by the end of 2028, with a commitment to return capital to shareholders through continued dividend payments and future share repurchases [6] Company Overview - Founded in 1899, Sonoco is a global leader in sustainable metal and paper packaging, with net sales of $7.5 billion in 2025 and approximately 22,000 employees across 265 operations in 37 countries [4] - The company emphasizes a culture of innovation and sustainability, aiming to provide better solutions for stakeholders [4]

Our Future is in Sonoco Investor Day | February 17, 2026 T ® SONOCO AGENDA Sonoco Investor Day 2026 | | Welcome/Introduction | Roger Schrum · Head of Investor Relations | | --- | --- | --- | | 2 | Fourth Quarter Review | Howard Coker · President and CEO | | | 2026 Outlook | Paul Joachimczyk · Chief Financial Officer | | 3 | Strategic Vision | Howard Coker · President and CEO | | | Our Future is In Focus | | | | Industrial Paper Packaging | James Harrell · President | | 5 | Consumer Packaging, EMEA / APAC | ...

February 16, 2026 Sonoco Reports Fourth Quarter and Full Year 2025 Results Company Hosting New York Investor Day Meeting February 17th Hartsville, S.C., U.S. - Sonoco Products Company ("Sonoco" or the "Company") (NYSE: SON), a global leader in high- value sustainable packaging, today reported financial results for the fourth quarter and full year ended December 31, 2025. Summary: 2026 Guidance: *Note: References in today's news release to consolidated "net sales," "operating profit," and "adjusted operating ...

Core Viewpoint - Sonoco Products Company (NYSE:SON) is a leading player in sustainable packaging solutions, showcasing strong financial performance in its latest earnings report [1] Financial Performance - On February 16, 2026, SON reported an earnings per share (EPS) of $1.05, surpassing the estimated $1.01 [2] - Revenue for the period reached approximately $1.77 billion, exceeding the estimated $1.76 billion [2] - The company's U.S. GAAP net income for the fourth quarter was $332.2 million, a significant improvement from a loss of $43 million in the same period in 2024 [3] - GAAP operating profit increased to $520.2 million, up from $56.1 million in the previous year [3] Valuation Metrics - SON has a price-to-earnings (P/E) ratio of approximately 8.20, indicating a positive market valuation of its earnings [4] - The price-to-sales ratio stands at about 0.83, suggesting the stock is valued at less than its annual sales [4] - The enterprise value to sales ratio is approximately 1.68, reflecting the company's total valuation relative to its sales [4] Financial Health - Despite a debt-to-equity ratio of about 1.63, SON maintains a current ratio of approximately 0.92, indicating its ability to cover short-term liabilities with short-term assets [5] - The earnings yield is approximately 12.19%, making SON an attractive option for investors based on its earnings [5]