Packer
About the job
- Follow health and safety standards.
- Maintain a clean workstation and production floor.
- Assemble products and parts.
- Follow production guidelines and specifications.
- Finalize and package products for shipment.
- Operate and maintain machinery and production line equipment.
- Monitor the assembly line and remove faulty products.
- Work on the production line and meet production targets.
- Report any issues to the supervisor on duty.
- Perform other tasks as assigned.
• Following health and safety standards.
• Maintaining a clean workstation and production floor.
• Assembling products and parts.
• Following production guidelines and specifications.
• Finalizing and packaging products for shipment.
• Operating and maintaining machinery and production line equipment.
• Monitoring the assembly line and removing faulty products.
• Working on the production line and meeting production targets.
• Reporting any issues to the supervisor on duty.
• Performing other tasks as assigned.
We are an equal opportunity employer, and we strictly prohibit and do not tolerate discrimination against employees, applicants or any other covered persons because of race, color, religion, national origin or ancestry, sex, pregnancy, sexual orientation, marital status, gender identity or expression, age, disability, genetic information, veteran status, or any legally protected characteristic.
About the company
Sonoco is a global packaging company that manufactures consumer, industrial, healthcare and protective packaging. It produces a range of packaging products and integrated solutions used to protect, present and brand products across many industries, drawing on materials like paper, plastic and metal. Its offerings cover design, conversion and production of packaging that helps brands create unique experiences and maintain product quality from manufacture to shelf. Compared with peers, Sonoco emphasizes scale, geographic reach (34 countries) and end-to-end packaging solutions, plus a track record of recognizing sustainability and social responsibility, including listings in Fortune’s World’s Most Admired Companies and Barron’s 100 Most Sustainable Companies. The company’s stated goal is Better Packaging. Better Life., focusing on sustainable products, services, and programs for customers, employees and communities.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Hartsville, South Carolina
Founded
1899
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Simplify's Take
What believers are saying
- Q2 2026 operating profit rose 9.8%, helped by productivity and procurement savings.
- North America URB volume grew 6% in Q2 2026, supporting industrial paper.
- Sonoco raised EMEA paperboard prices on August 25, 2026, protecting margins.
What critics are saying
- ThermoSafe and TFP divestitures cut 2026 sales; Q2 revenue fell 1.3%.
- A South Carolina recycling-facility fire and French metal-plant closures exposed operational fragility.
- September 2026 debt maturities and ongoing restructuring costs pressure cash; refinancing failure becomes existential.
What makes Sonoco unique
- Sonoco’s August 2026 global Consumer Packaging reorganization unifies metal and paper go-to-market.
- The July 2026 Thailand paper-can plant expands Asia capacity for stacked chips.
- Its aluminum, steel, and paper portfolio lets Sonoco sell fit-for-purpose formats across categories.
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Benefits
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
- Disability Insurance
- 401(k) Retirement Plan
- 401(k) Company Match
- Mental Health Support
- Paid Vacation
- Paid Holidays
- Tuition Reimbursement
Company News
Sonoco navigates inflation pressures with cost controls. Sonoco's Profitability Performance Plan delivers $34 million in savings so far this year as leadership balances pricing actions against inflationary cost pressures. October 24, 2026 Despite the pressure, Sonoco executives note that cost management and early pricing actions helped cushion the blow, setting the stage for stronger margins as the effects of 2025 price increases and efficiency programs carry into 2027. Sonoco reported a bruising stretch of cost inflation in the third quarter, as spiking diesel prices, climbing freight rates, and a sharp rise in recycled fiber costs tested the packaging maker's ability to protect profitability - pressures that will sound familiar to plastics processors grappling with their own resin, energy, and transportation cost spikes. Despite the pressure, company leaders said disciplined cost management and early pricing actions helped cushion the blow, setting the stage for stronger margins as the effects of 2025 price increases and efficiency programs carry into 2027. For plastics converters watching substrate competition closely, Sonoco's results offer a useful benchmark: Many of the same macro forces - diesel prices, freight surcharges, and energy costs - are squeezing margins across paper, metal, and plastic packaging alike, even as each substrate manages its own raw material dynamics. Sonoco, a diversified packaging maker whose portfolio includes metal, paper, and fiber-based packaging that often competes directly with rigid and flexible plastics in categories like food cans, aerosol containers, and industrial reels, weathered a third quarter marked by surging freight, energy, and raw material costs. Company executives said they leaned on aggressive productivity measures and targeted price increases to protect margins during a recent earnings conference call. The company posted net sales of $2 billion, down 4% year-over-year, as strength in its Industrial segment partially offset softer demand in Consumer Packaging, where drought conditions and unfavorable price-cost dynamics weighed on volumes. Executives said an $829 million non-cash goodwill impairment tied to the consumer EMEA business did not affect adjusted results, and they expressed confidence that cost-cutting and pricing actions already underway would strengthen earnings heading into 2027. "During the third quarter, our business has faced a combination of challenges," said Howard Coker, president and CEO. "Through strong productivity initiatives and rigorous cost control, our teams were able to mitigate a significant portion of these issues and deliver resilient operating results." Coker said Sonoco maintains leadership positions in uncoated recycled paperboard (URB), metal and paper cans, and closures - categories where plastic packaging remains a persistent substrate competitor, particularly in rigid containers and closures. Industrial segment holds steady despite cost pressure. The Industrial segment, which includes paper-based cores, tubes, and reels that often compete with plastic alternatives in industrial applications, delivered results largely consistent with the second quarter despite a volatile operating environment, Coker said. North America URB trade ton sales rose 10% year-over-year, and mill utilization remained strong at 94%. Wire and cable reel sales, an application area where plastic reels also compete, posted double-digit growth, he said. "An additional URB pricing realized in September further strengthens our ability to recover rising input costs moving forward," Coker said - a strategy mirrored across the plastics supply chain, where resin producers and converters have similarly pushed through price increases to offset inflation. Consumer Packaging results show substrate competition dynamics. Results in Consumer Packaging fell short of expectations, with volume mix down 3% year-over-year, driven primarily by hot, dry weather and unfavorable price-cost relationships, Coker said. International paper can operations posted double-digit volume growth on continued demand for snack products in emerging markets, while US aerosol can demand - a category where metal, glass, and plastic packaging all vie for share - rose 7%. Drought conditions across parts of Europe and the United States hurt crop yields, reducing demand for food cans, a dynamic that similarly affects plastic container demand tied to agricultural output. Inflationary pressures across raw materials, freight, energy, and other operating inputs exceeded the company's expectations, Coker said. "Freight costs alone increased $17 million year-over-year in the quarter, while diesel prices, which had stabilized in early July, accelerated to record levels, topping $6.50 per gallon in the US," Coker said - cost spikes that resin suppliers and plastics processors have cited as well in their own margin pressures. Old corrugated containers (OCC), Sonoco's largest industrial raw material input, rose another $25 per ton during the quarter and is now 90% higher than a year ago, pushing total URB production costs up more than $60 per ton year-over-year, a trajectory not unlike resin price volatility that plastics converters have navigated in recent cycles. Goodwill impairment, cost actions detailed. CFO Paul Joachimczyk said the company recorded an $829 million non-cash goodwill impairment during the quarter, primarily related to the consumer EMEA business, reflecting an updated assessment of carrying value based on current market conditions. The adjustment does not affect adjusted results, he said. Net sales for the quarter totaled $2 billion, down 4% year-over-year, though sales were essentially flat excluding last year's ThermoSafe divestiture, Joachimczyk said. The Industrial segment contributed $32 million of growth, driven by healthy trade and URB demand along with pricing realization in North America. "The team is responding with urgency through productivity, operational excellence, and pricing initiatives," Joachimczyk said. The company is also closing two sites in Europe as part of footprint optimization, a move expected to generate $15 million to $20 million in savings in 2027, he said. Industrial sales increased 5% year-over-year to $646 million, supported by pricing and strong North American execution, Joachimczyk said. Reel sales continued to grow, benefiting from recent capacity investments and higher wood demand tied to wire and cable applications supporting data center construction and broader US infrastructure investment - a growth area plastics reel and spool manufacturers are also targeting, he said. Profitability plan, pricing actions point to 2027. Joachimczyk reviewed progress on the company's three-year Profitability Performance Plan, a company-wide program aimed at structural margin improvement, organizational simplification, and stronger commercial effectiveness. The plan delivered $16 million of savings in the third quarter, up from $10 million in the second quarter and $8 million in the first. Year-to-date savings reached $34 million, with annualized savings now at $51 million - about a third of the low end of the company's three-year target range of $150 million to $200 million. Coker said the Industrial segment implemented two price increases this year totaling $110 per ton, with the full benefit of the most recent increase expected to show up in 2027. The company also implemented surcharges across both its Industrial and Consumer businesses to help offset increased freight and diesel costs - an approach plastics converters have increasingly adopted amid resin and transportation cost swings. "In Industrial, we are benefiting from strong URB demand and continued growth in reels. In Consumer, our innovation pipeline in both metal and paper positions us for future growth," Coker said. "Most importantly, we remain confident in our strategy, our market-leading positions, and the ability of our team to execute through economic cycles." Editor-in-chief of PlasticsToday, David Hutton is a journalist with more than 25 years of experience as an editor and writer with daily newspapers and trade publications. A Kent State University graduate, he was born in Canton, OH, and is a lifelong writer. David started his professional career as a reporter and page designer with the Parkersburg Sentinel in Parkersburg, WV. He returned to his hometown, taking a role with the Massillon Independent, where he rose to the position of managing editor. David's career next took him to October Research Corp., where he worked for trade publications in the real estate settlement services industry before returning to daily newspapers as news editor for The Times-Reporter in Dover-New Philadelphia, OH. While there, he oversaw design of the newspaper and won an Associated Press award for Best Page 1 Design. In 2012, David joined the staff of Plastics News as research analyst. He was responsible for the production of data research reports providing analysis of various segments and end markets of the plastics industry. He also produced content for the publication. In 2019, David joined Ophthalmology Times, serving as managing editor of the publication covering the latest advancements in the ophthalmology industry for physicians and clinicians. David lives in Canton, OH, with his wife, Arionne. They have three grown children, Paige, Chandler and Connor. Their "zoo" also includes two cats, a parrot, and a pug, named Freddie. An avid sports fan, David follows the Cleveland Browns, Cavaliers, and Guardians as well as the Ohio State Buckeyes. He also enjoys movies, classic rock, and reading. He enjoys sports cars, and owns a Camaro and a Corvette. Want more PlasticsToday in your search results?
Sonoco Products reported third-quarter net sales of $2 billion, down 4% year-over-year but essentially flat excluding the Thermosafe divestiture. Adjusted EBITDA fell 9% to $352 million, and adjusted EPS dropped 13% to $1.67. Higher freight, diesel, and old corrugated container costs weighed on results. Consumer sales fell 3%, while industrial sales rose 5% to $646 million. The company also booked an $829 million non-cash goodwill charge, mainly tied to its consumer EMEA business. Operating cash flow reached $285 million. Sonoco cut total debt by $162 million and refinanced an $800 million term loan. It expects full-year 2026 net sales of $7.2 billion to $7.4 billion, adjusted EPS of $5.30 to $5.50, and adjusted EBITDA of $1.2 billion to $1.25 billion. Closing two European sites should save $15 million to $20 million in 2027.
Sonoco Q3 adjusted profit falls 12.5% on cost inflation. An $829 million goodwill impairment led to a GAAP net loss of $732 million; the company expects continued strong Industrial results and more stable Consumer results in the fourth quarter. By Lesprom Network 09:17 AM / October 22, 2026 * Sonoco's Q3 adjusted net income fell 12.5% to $167 million as costs and lower volumes offset savings U.S. packaging company Sonoco's third-quarter adjusted net income fell 12.5% to $167 million, or $1.67 per adjusted diluted share, from $191 million a year earlier as higher raw material, freight and energy costs and lower volumes more than offset productivity savings, while drought hurt food-can demand. Net sales declined 4.2% to $2.04 billion. The company recorded a $732 million GAAP net loss, including an $829 million non-cash goodwill impairment charge, compared with net income of $123 million a year earlier. Drought in parts of Europe and the U.S. reduced crop yields and pressured food-can demand. Seasonal vegetable harvests in EMEA and the Americas reduced metal-can volumes. Consumer Packaging volume and mix fell 3% year over year, while international paper can operations posted double-digit volume growth driven by sustained demand for snack products in emerging markets. Consumer Packaging reported $1.396 billion in sales, $179 million in operating profit, a 12.8% operating margin and $237 million in adjusted EBITDA. Industrial Paper Packaging sales rose 5.2% to $646 million, helped by pricing actions implemented to help offset rising costs. North American uncoated recycled board trade ton sales increased 10% year over year, mill utilization was 94%, and Industrial volume and mix were modestly positive. Industrial operating profit was $88 million and adjusted EBITDA was $122 million as rising raw material, freight and energy costs more than offset pricing actions and productivity initiatives. For the fourth quarter, Sonoco expects continued strong Industrial Paper Packaging performance, supported by robust North American uncoated recycled board demand. It anticipates more stable Consumer Packaging performance, driven by continued growth in international paper cans and more balanced aerosol and food-can volumes. Recovering raw material, freight, energy and other operating costs is a priority through the end of 2026 and into 2027. "While our third-quarter performance fell short of our expectations, we are taking targeted actions through our Profitability Performance Plan to further reduce costs, improve productivity and address the impact of inflationary pressures," said Howard Coker, president and chief executive, in a statement. Sonoco revised its full-year 2026 guidance to net sales of $7.20 billion to $7.40 billion, adjusted diluted earnings per share of $5.30 to $5.50, adjusted EBITDA of $1.20 billion to $1.25 billion, and operating cash flow of $600 million to $650 million. The cash-flow range includes the effect of payments of prior-year taxes on gains from divestitures and restructuring costs. Full-year 2026 GAAP guidance was not provided because restructuring costs, restructuring-related impairment charges, acquisition and divestiture costs, gains or losses from business sales, and related tax effects could not be forecast reliably without unreasonable effort. Actual results could vary substantially because of economic conditions, tariffs, trade policy, inflation, supply chains, raw material prices, other costs and tax rates. Sonoco generated $285 million in operating cash flow during the quarter. It reduced total debt by $162 million and net debt by $176 million, drew $500 million from new term-loan facilities to refinance an existing $500 million term loan, and retained $300 million in delayed-draw capacity that it can use within 12 months. Be the first to get key industry news, new trade offers and analytics updates. 1 of 4 newsletters selected.
Sonoco Products (NYSE:SON) shares gap down after earnings miss. October 22, 2026 Key points. * Sonoco Products shares fell after an earnings miss: The company reported quarterly EPS of $1.67, below the $1.74 consensus estimate, while revenue declined 4.2% year over year to $2.04 billion, also missing expectations. * The company maintained its dividend: Sonoco declared a quarterly dividend of $0.54 per share, equivalent to $2.16 annually and a 4.3% yield. * Analyst sentiment remains cautious: Price targets were lowered by several brokerages, and the stock carries a consensus "Hold" rating with an average target price of $58.89. * Get every upgrade, downgrade, and earnings report on Sonoco Products as it happens. Lock in MarketBeat All Access for $149 a year through October 30. Sonoco Products Company (NYSE:SON - Get Free Report) gapped down before the market opened on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $50.96, but opened at $47.45. Sonoco Products shares last traded at $49.8860, with a volume of 184,822 shares changing hands. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.74 by ($0.07). Sonoco Products had a return on equity of 16.50% and a net margin of 8.41%. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the previous year, the company posted $1.92 earnings per share. The company's revenue for the quarter was down 4.2% on a year-over-year basis. Sonoco Products dividend announcement. The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Tuesday, November 10th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, November 10th. Sonoco Products's dividend payout ratio (DPR) is presently 34.34%. Analysts set new price targets. A number of brokerages have issued reports on SON. Truist Financial reduced their price objective on Sonoco Products from $68.00 to $62.00 and set a "buy" rating for the company in a research note on Monday, October 12th. UBS Group lowered their target price on Sonoco Products from $61.00 to $51.00 and set a "neutral" rating on the stock in a research note on Monday, October 5th. Wells Fargo & Company cut their price target on shares of Sonoco Products from $56.00 to $53.00 and set an "equal weight" rating on the stock in a report on Monday. Citigroup increased their price target on shares of Sonoco Products from $63.00 to $66.00 and gave the company a "buy" rating in a research report on Thursday, July 9th. Finally, Weiss Ratings downgraded shares of Sonoco Products from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, September 11th. Four analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $58.89. Discover more Invest in Stocks Track Stock Market Track Earnings Institutional inflows and outflows. Several institutional investors and hedge funds have recently made changes to their positions in the company. WPG Advisers LLC raised its stake in Sonoco Products by 93.1% in the 1st quarter. WPG Advisers LLC now owns 612 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 295 shares during the period. Elevation Wealth Partners LLC lifted its holdings in Sonoco Products by 271.9% during the third quarter. Elevation Wealth Partners LLC now owns 1,127 shares of the industrial products company's stock valued at $55,000 after purchasing an additional 824 shares during the last quarter. Hilltop National Bank boosted its position in Sonoco Products by 49.7% during the second quarter. Hilltop National Bank now owns 1,777 shares of the industrial products company's stock worth $100,000 after purchasing an additional 590 shares during the period. Parallel Advisors LLC boosted its position in Sonoco Products by 34.7% during the first quarter. Parallel Advisors LLC now owns 1,778 shares of the industrial products company's stock worth $96,000 after purchasing an additional 458 shares during the period. Finally, Allworth Financial LP purchased a new position in shares of Sonoco Products in the second quarter worth about $111,000. Institutional investors own 77.69% of the company's stock. Sonoco Products price performance. The firm's 50 day moving average price is $51.68 and its two-hundred day moving average price is $52.58. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.99 and a quick ratio of 0.55. The stock has a market cap of $4.92 billion, a PE ratio of 7.91, a P/E/G ratio of 1.44 and a beta of 0.35. About Sonoco Products. Sonoco Products Company is a global packaging company headquartered in Hartsville, South Carolina. Founded in 1899 as the Southern Novelty Company, it has developed from a producer of paper cones for the textile industry into a diversified provider of packaging solutions serving consumer, industrial and commercial customers. The company manufactures a broad range of products, including composite cans and tubes, paperboard packaging, flexible packaging, thermoformed packaging, rigid plastic containers, protective packaging and packaging components. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Sonoco Products, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sonoco Products wasn't on the list. While Sonoco Products currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation. 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Sonoco Products Q3 earnings call highlights. October 22, 2026 Key points. * Q3 performance weakened: Sonoco reported $2 billion in sales, down 4% year over year, while adjusted EBITDA fell 9% to $352 million and adjusted EPS declined 13% to $1.67. Results were pressured by higher input and freight costs, weather-related food-can demand weakness and an $829 million non-cash goodwill impairment. * Industrial demand remained resilient, with sales up 5% to $646 million and URB volumes increasing, while the Consumer segment declined 3% as drought and heat reduced crop yields and food-can volumes. Productivity initiatives generated $16 million in quarterly savings, and European site closures are expected to deliver $15 million-$20 million of annual savings in 2027. * Sonoco reduced debt and maintained its 2026 outlook, cutting total debt by $162 million and refinancing an $800 million term loan. The company expects full-year sales of $7.2 billion-$7.4 billion, adjusted EBITDA of $1.2 billion-$1.25 billion, adjusted EPS of $5.30-$5.50 and operating cash flow of $600 million-$650 million. * Tracking Sonoco Products through earnings season? MarketBeat All Access sends real-time alerts on ratings, earnings, and news - $149 a year, locked in for as long as you stay. Sonoco Products NYSE: SON reported third-quarter 2026 results that reflected higher input and freight costs, weather-related weakness in food-can demand and continued productivity gains. The company also reduced debt, refinanced an $800 million term loan and updated its full-year outlook. Net sales totaled $2 billion, down 4% from a year earlier. Excluding the 2025 divestiture of ThermoSafe, sales were essentially flat, Chief Financial Officer Paul Joachimczyk said. Adjusted EBITDA was $352 million, down 9% year over year, or down 4% excluding ThermoSafe, while adjusted earnings per share fell 13% to $1.67, or 7% excluding the divested business. The company recorded an $829 million non-cash goodwill impairment during the quarter, primarily related to its consumer EMEA business. Joachimczyk said the impairment resulted from the company's annual goodwill-testing process and reflected current market conditions and business performance. He said it did not affect adjusted results or alter Sonoco's long-term strategy for the business. Industrial demand remained resilient. Sonoco's Industrial segment posted a 5% sales increase to $646 million, supported by pricing and demand for uncoated recycled paperboard, or URB. North American URB trade-ton sales rose 10% year over year, while global trade-ton sales increased 6%. Mill utilization remained strong, with U.S. operating rates in the mid-90% range entering the fourth quarter. Chief Executive Officer Howard Coker said wire and cable reel sales recorded double-digit growth, aided by capacity investments, wood demand and broader infrastructure activity. He said the company expects similar growth rates in the reels business during 2027, though data-center construction has not yet been a major contributor to demand. Industrial adjusted EBITDA declined 5% year over year as higher costs for old corrugated containers, freight and diesel outpaced price recovery during the quarter. OCC, Sonoco's largest industrial raw-material input, increased another $25 per ton during the quarter and was 90% higher than a year earlier. Total URB production costs rose more than $60 per ton year over year. Discover more Order Custom Boxes Source Suppliers Source Polymers Sonoco implemented two Industrial price increases during 2026 totaling $110 per ton. Coker said the second increase was implemented late in the third quarter, meaning some benefits should be realized in the fourth quarter, with the full impact expected to be reflected in 2027. Management said it currently expects OCC costs to remain flat in the fourth quarter. Consumer results pressured by weather and costs. Consumer segment sales declined 3% year over year, including a 1% foreign-exchange impact tied largely to euro movements. Volume mix declined 3%, primarily because drought, high temperatures and other weather events affected crop yields and reduced food-can demand in North America and Europe. Consumer EBITDA declined 9% in the quarter. The company cited softer global metal food-can volumes and unfavorable price-cost relationships, although certain parts of the portfolio showed growth. International paper-can operations generated double-digit volume growth, U.S. aerosol-can demand increased 7%, and canned seafood volumes improved. Canned seafood now represents about 10% of Sonoco's consumer portfolio, according to management. Joachimczyk said the company views the food-can weakness as largely seasonal and related to the harvest rather than a structural demand shift. Management expects consumer volumes to be roughly flat year over year in the fourth quarter, while Industrial volumes are expected to rise slightly. In August, Sonoco combined its can businesses into one global consumer packaging segment with operations in the Americas, EMEA and Asia-Pacific. Ernest Haynes was named president of the approximately $5 billion segment. Coker said the change is intended to improve coordination across operations, technology, procurement, supply chain and commercial execution. The company is also closing two European sites as part of a footprint optimization effort. Sonoco expects those actions to generate $15 million to $20 million of savings in 2027. Productivity program and cash flow. Sonoco's Profitability Performance Plan, or PPP, generated $16 million of savings in the third quarter, up from $10 million in the second quarter and $8 million in the first quarter. Year-to-date savings reached $34 million, with annualized savings at $51 million. The three-year program targets $150 million to $200 million in savings through structural margin improvements, organizational simplification and commercial initiatives. Joachimczyk said Sonoco is targeting approximately $50 million of savings in 2026, followed by a higher contribution in 2027 and another increase in 2028. The company is targeting savings in the range of $180 million over the program's duration. Management said productivity and cost actions offset roughly $24 million of an estimated $40 million to $50 million combined impact from inflation and lower volumes during the third quarter. Freight expense alone rose $17 million from the prior-year period, while U.S. diesel prices climbed above $6.50 per gallon, according to Coker. Operating cash flow was $285 million in the quarter despite seasonal working-capital headwinds. Sonoco reduced total debt by $162 million and net debt by $176 million, while refinancing an $800 million term loan. Joachimczyk said the refinancing is expected to have an immaterial $2 million to $3 million effect on interest expense next year while extending maturities beyond 2027. Updated 2026 outlook. For full-year 2026, Sonoco now expects: * Net sales of $7.2 billion to $7.4 billion; * Adjusted EBITDA of $1.2 billion to $1.25 billion; * Adjusted EPS of $5.30 to $5.50; and * Operating cash flow of $600 million to $650 million. Coker said the fourth-quarter outlook remains subject to uncertainty surrounding inflation, the holiday period and broader macroeconomic conditions. Still, he said the company remains confident in its Industrial demand trends, consumer innovation pipeline, pricing actions and long-term strategy. About Sonoco Products (NYSE:SON). Sonoco Products Company is a global packaging company headquartered in Hartsville, South Carolina. Founded in 1899 as the Southern Novelty Company, it has developed from a producer of paper cones for the textile industry into a diversified provider of packaging solutions serving consumer, industrial and commercial customers. The company manufactures a broad range of products, including composite cans and tubes, paperboard packaging, flexible packaging, thermoformed packaging, rigid plastic containers, protective packaging and packaging components. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Sonoco Products, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sonoco Products wasn't on the list. While Sonoco Products currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely. Continue following MarketBeat