{"schema_version":"secwatch.filing_event.v1","accession":"0000091767-23-000038","form_type":"8-K","ticker":"SON","cik":"0000091767","company_name":"SONOCO PRODUCTS CO","filed_at":"2023-08-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.022873+00:00","generated_at":"2026-06-12T21:32:02.471152+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Sonoco Q2 net sales down 11% to $1.71B; adjusted EPS $1.38 misses; full-year guidance lowered","bullets":["Net sales $1,705M (-11% YoY); GAAP EPS diluted $1.16 (-13%); adjusted EPS $1.38 (-22%).","Adjusted EBITDA $275M, down 12% from $312M in Q2 2022.","Operating cash flow $349M in first six months; disciplined working capital management.","Full-year adjusted EPS and EBITDA guidance lowered due to customer destocking and weaker price/cost in Industrial.","Flexible packaging and rigid paper containers outperformed; metal packaging and industrial North America underperformed."],"urls":{"canonical":"https://secwatch.observer/filing/0000091767-23-000038","json":"https://secwatch.observer/filing/0000091767-23-000038.json","markdown":"https://secwatch.observer/filing/0000091767-23-000038.md","text":"https://secwatch.observer/filing/0000091767-23-000038.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/91767/000009176723000038/0000091767-23-000038-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/91767/000009176723000038/son-20230731.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T21:32:02.471152+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f96e3c855e8c9237f451519a73da73a0582cd515","claim":"SONOCO PRODUCTS CO reported second quarter ended July 2, 2023 results: revenue $ 1,705, net income $ 115, EPS $ 1.16. Guidance lowered.","evidence_excerpt":"Second Quarter 2023 Consolidated Financial Results (Dollars in millions except per share data) Three Months Ended GAAP Results July 2, 2023 July 3, 2022 Change Net sales $ 1,705 $ 1,913 (11) % Operating profit $ 188 $ 197 (5) % Net income attributable to Sonoco $ 115 $ 132 (13) % EPS (diluted) $ 1.16 $ 1.33 (13) % Three Months Ended Non-GAAP Results (1)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176723000038/0000091767-23-000038-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended July 2, 2023"},{"label":"Revenue","value":"$ 1,705"},{"label":"Net income","value":"$ 115"},{"label":"EPS","value":"$ 1.16"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}