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October 21, 2026

Sonoco Reports Third Quarter 2026 Results

Hartsville, S.C., U.S. - Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), a Mid-cap Value global packaging company, today reported financial results for the third quarter ended September 27, 2026.

Summary:

•Net sales in the third quarter were $2.0 billion. Excluding divestitures, net sales were essentially flat

•Reported GAAP net loss of $(732) million, or $(7.36) diluted earnings per share, reflecting a non-cash goodwill impairment charge of $(829) million attributable to the Consumer EMEA/APAC and Industrial APAC businesses, compared to GAAP net income of $123 million, or $1.23 diluted earnings per share, in the same period in 2025

•Third quarter adjusted net income was $167 million or $1.67 per adjusted diluted share, compared to $191 million or $1.92 per adjusted diluted share in the same period in 2025

•Generated operating cash flow of $285 million in the third quarter, and provided $218 million of operating cash flow year-to-date, which was net of approximately $103 million in one-time taxes paid in 2026 on gains from the sales of the divested TFP and ThermoSafe businesses in 2025

Third Quarter 2026 Consolidated Results

(Dollars in millions except per share data)

Three Months EndedNine Months Ended

GAAP ResultsSeptember 27, 2026September 28, 2025ChangeSeptember 27, 2026September 28, 2025Change

Net sales1 $2,042 $2,131 (4.2)%$5,604 $5,751 (2.6)%

Net sales related to discontinued operations— — — 321

Operating (loss)/profit1 (638)195 (427.2)%(318)497 (163.9)%

Operating profit related to discontinued operations— — — 664

Net (loss)/income attributable to Sonoco(732)123 (695.6)%(560)671 (183.4)%

EPS (diluted)(7.36)1.23 (698.4)%(5.63)6.74 (183.5)%

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Sonoco Reports Third Quarter 2026 Results - Page 2

Three Months EndedNine Months Ended

Non-GAAP Results2

September 27, 2026September 28, 2025ChangeSeptember 27, 2026September 28, 2025Change

Adjusted operating profit1 $268 $308 (13.1)%$711 $768 (7.4)%

Adjusted EBITDA352 386 (9.0)%952 1,052 (9.5)%

Adjusted net income attributable to Sonoco167 191 (12.5)%437 464 (5.8)%

Adjusted EPS (diluted)1.67 1.92 (13.0)%4.38 4.66 (6.0)%

1Excludes results of discontinued operations.

2See the Company’s definitions of non-GAAP financial measures, explanations as to why they are used, and reconciliations to the most directly comparable GAAP financial measures later in this release.

•Third quarter 2026 net sales of $2.0 billion were down (4.2)% compared to the corresponding prior-year quarter, driven primarily by the November 3, 2025 divestiture of the ThermoSafe business. Net sales benefited from higher selling prices implemented to offset the effects of inflation and tariffs, which was partially offset by lower volume/mix.

•GAAP operating loss for the third quarter was $(638) million, which includes non-cash goodwill impairment charges of $(802) million and $(27) million, attributable to the Consumer Packaging segment’s EMEA/APAC businesses and the Industrial Paper Packaging segment’s APAC business, respectively, for a total non-cash goodwill impairment charge of $(829) million. In addition to this charge, solid productivity savings stemming from fixed cost reduction initiatives and procurement savings were more than offset by significant price/cost headwinds and lower volume/mix.

•Effective tax rates on GAAP income from continuing operations before income taxes and adjusted income from continuing operations before income taxes, were (6.4)% and 24.6%, respectively, in the third quarter, compared to 6.0% and 22.9%, respectively, in the same period in 2025.

“During the third quarter, our businesses faced a combination of external challenges. Drought conditions across parts of Europe and the U.S. impacted crop yields and pressured food can demand, while the impact of inflation on raw materials, freight, energy, and other operating costs exceeded our expectations. Through strong productivity initiatives and rigorous cost control, our teams were able to mitigate a significant portion of this impact and deliver resilient operating results,” said Howard Coker, President and Chief Executive Officer.

“Our Industrial Paper Packaging segment delivered another strong quarter, with results essentially in line with the second quarter despite a challenging operating environment. Productivity improvements remained a key driver of performance, while North America URB trade ton sales increased 10% year over year and mill utilization remained strong at 94%. Segment volume/mix was modestly positive, and additional URB pricing realized in September positions us to further offset inflationary pressures.”

“Results in Consumer Packaging fell short of expectations, as volume/mix declined 3% year over year due primarily to adverse weather conditions and unfavorable price/cost dynamics. Encouragingly, international paper can operations perfor

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April 21, 2026

Sonoco Reports First Quarter 2026 Results

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 first quarter ended March 29, 2026.

Summary:

•Net sales in the first quarter were $1.7 billion

•Reported first quarter U.S. generally accepted accounting principles (“GAAP”) net income attributable to Sonoco of $67.6 million, up from $54.4 million in the same period in 2025; GAAP operating profit of $127.1 million, compared with $126.9 million in the same period in 2025

•Diluted earnings per share (“EPS”) attributable to Sonoco was $0.68, up from $0.55 in the same period in 2025

•Achieved adjusted net income attributable to Sonoco in the first quarter of $119.4 million, and reported adjusted diluted earnings per share of $1.20

•Generated first quarter adjusted operating profit of $200.8 million and adjusted EBITDA of $276.5 million

•As expected, net cash used by operating activities totaled $(367.9) million in the first quarter, which included approximately $103 million in one-time taxes paid in 2026 on gains from the sales of the divested Thermoformed and Flexibles Packaging and global Trident (“TFP”) and ThermoSafe businesses in 2025

•Officially opened a new paper can production facility in Nong Yai, Thailand, to serve the growing stacked chip market in Asia

•Investing approximately $20 million to add new nailed wood reel production capacity at the Company’s Hartselle, AL, facility to meet growing wire and cable infrastructure demand to support artificial intelligence (“AI”) data centers

2026 Guidance:

•Projected full-year adjusted EBITDA and cash flows from operating activities remain unchanged at $1.25 billion to $1.35 billion and $700 million to $800 million, respectively.

•Targeting the low end of previous full-year adjusted diluted EPS guidance of $5.80 to $6.20, stemming from projected inflationary pressures and lower demand due to the uncertain macroeconomic and geopolitical environment.

*Note: References in today’s news release to 2025 consolidated “net sales,” “operating profit,” and “adjusted operating profit,” and Consumer Packaging “segment operating profit” and “segment adjusted EBITDA,” do not include results of TFP, which was sold in April 2025 and is accounted for as discontinued operations in periods prior to the sale.

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Sonoco Reports First Quarter 2026 Results - Page 2

First Quarter 2026 Consolidated Results

(Dollars in millions except per share data)

Three Months Ended

GAAP ResultsMarch 29, 2026March 30, 2025Change

Net sales1 $1,676 $1,709 (1.9)%

Net sales related to discontinued operations— 321 NM

Operating profit1 127 127 0.2 %

Operating profit related to discontinued operations

— 38 NM

Net income attributable to Sonoco 68 54 24.2 %

EPS (diluted)0.68 0.55 23.6 %

Three Months Ended

Non-GAAP Results2

March 29, 2026March 30, 2025Change

Adjusted operating profit1 $201 $213 (5.6)%

Adjusted EBITDA277 338 (18.1)%

Adjusted net income attributable to Sonoco119 137 (12.8)%

Adjusted EPS (diluted)1.20 1.38 (13.0)%

NM = Not Meaningful

1Excludes results of discontinued operations.

2See the Company’s definitions of non-GAAP financial measures, explanations as to why they are used, and reconciliations to the most directly comparable GAAP financial measures later in this release.

•First quarter 2026 net sales of $1.7 billion were down (1.9)% compared to the corresponding prior-year quarter, driven primarily by the November 3, 2025 divestiture of the ThermoSafe temperature assured packaging business. Additionally, net sales benefited from higher prices implemented to offset the effects of inflation and tariffs and from the favorable impact of foreign exchange rates, partially offset by lower volume/mix.

•GAAP operating profit for the first quarter was flat at $127 million due to productivity savings from fixed cost reduction initiatives and procurement savings along with a positive price/cost environment. These positive factors were offset by the absence of operating profit from the divested ThermoSafe business and lower volume/mix. Adjusted operating profit and adjusted EBITDA for the first quarter were $201 million and $277 million, respectively.

•Effective tax rates on GAAP income from continuing operations before income taxes and adjusted income from continuing operations before income taxes, were 12.4% and 25.5%, respectively, in the first quarter, compared to 30.9% and 25.7%, respectively, in the same period in 2025.

“We are proud of our team’s solid performance in the first quarter despite disruptions from severe winter weather which impacted our customers and our operations, a fire that destroyed a recycling facility in South Carolina and the effects of rapidly changing macroeconomic and geopolitical conditions,” said Howard Coker, President and Chief Execut