---
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"
generated_at: "2026-06-12T21:32:02.471152+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sonoco Q2 net sales down 11% to $1.71B; adjusted EPS $1.38 misses; full-year guidance lowered

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000091767-23-000038
- JSON: https://secwatch.observer/filing/0000091767-23-000038.json
- Plain text: https://secwatch.observer/filing/0000091767-23-000038.txt

## Key facts
- Earnings Releases
  SONOCO PRODUCTS CO reported second quarter ended July 2, 2023 results: revenue $ 1,705, net income $ 115, EPS $ 1.16. Guidance lowered.
  - Period: second quarter ended July 2, 2023
  - Revenue: $ 1,705
  - Net income: $ 115
  - EPS: $ 1.16
  - Guidance: lowered
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/91767/000009176723000038/0000091767-23-000038-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.