Highest-materiality recent filing
Sonoco CAO Aditya Gandhi resigns effective May 29; CFO takes interim CAO role
Aditya Gandhi resigns as Chief Accounting Officer, effective May 29, 2026.
Sonoco Q1 GAAP EPS $0.68 (+23.6%) but adjusted EPS $1.20 (-13%); guides to low end of FY range
Net sales $1.676B, down 1.9% YoY; GAAP operating profit $127M, flat.
All 11 director nominees elected with at least 72.9M votes for each; highest against tally was 3.0M for Richard Kyle.
Sonoco enters $300M delayed draw term loan facility with Wells Fargo
Term loan facility of up to $300M unsecured, delayed draw available until Sept 13, 2026.
Sonoco amends COO Rodger Fuller's retirement effective date to April 11, 2026
Retirement date changed from February 28, 2026 to April 11, 2026.
Sonoco Q4 adjusted EPS $1.05, up 5% YoY; FY26 guidance $5.80-$6.20
Q4 net sales $1.8B (+29.7% YoY); GAAP EPS $3.33 vs loss $(0.44) (includes gain on ThermoSafe sale).
Sonoco targets ~$1.5B adjusted EBITDA by 2028, margin expansion ~200 bps
Adjusted EBITDA target of ~$1.5B by end of 2028; ~200 bps margin expansion.
Craig L. Nix, CFO of First Citizens BancShares (FCNCA), appointed as independent director on Feb 10, 2026, effective immediately.
Sonoco COO Rodger Fuller retiring Feb 28, 2026; role eliminated
Rodger Fuller retires after 40-year career; COO role is not being filled.
Sonoco completes sale of ThermoSafe to Arsenal for up to $725M
Total purchase price up to $725M: $650M at closing (cash-free, debt-free) plus up to $75M in 2025 performance-based consideration.
Sonoco Q3 net sales up 57% to $2.1B; adjusted EPS $1.92; cuts FY 2025 EPS guidance
GAAP diluted EPS of $1.23, up 141% YoY; adjusted diluted EPS of $1.92, up 29%.
Sonoco sells ThermoSafe to Arsenal Capital Partners for up to $725M; proceeds to reduce debt
Total purchase price up to $725M: $650M at closing plus up to $75M earnout based on 2025 performance.
Sonoco Q2 net sales up 49% to $1.9B, adjusted EPS $1.37; maintains FY2025 EBITDA guidance $1.3-$1.4B
Q2 GAAP EPS $4.96 vs $0.92 last year, includes $425M gain from TFP sale to TOPPAN.
Sonoco appoints Paul Joachimczyk as CFO effective June 30, 2025
Paul Joachimczyk named CFO effective June 30, 2025; interim CFO Jerry Cheatham remains until Q2 filing.
Sonoco appoints Paul Joachimczyk as CFO effective June 30, 2025
Joachimczyk, former CFO of American Woodmark (AMWD), joins Sonoco (SON) as CFO.
Sonoco Q1 2025: Revenue up 31% to $1.7B; adj. EPS $1.38, up 23% YoY; dividend raised
Net sales record $1.7B (+31% YoY); GAAP diluted EPS $0.55 (-17%), adjusted EPS $1.38 (+23%).
All 12 director nominees elected with 71.4M to 75.2M votes for each; no director received less than 71.4M for.
Sonoco completes $1.8B sale of Thermoformed & Flexibles Packaging to Toppan; proceeds to reduce debt
Sold TFP and global Trident business to TOPPAN Holdings for $1.8B cash, subject to customary adjustments.
Sonoco corrects FY2025 cash flow guidance to $800M-$900M, reports Q4 GAAP loss
Q4 GAAP net loss $43M (diluted EPS -$0.44); adjusted EPS $1.00, down 2% YoY.
Sonoco completes €3.615B Eviosys acquisition; files historical financials and pro forma data
Acquisition of Eviosys completed Dec 4, 2024 for €3,615M; funded via debt facilities and senior notes.
Sonoco reports Q4 GAAP loss of $43M; adjusted EPS $1.00; guides 2025 growth ~20%
Q4 GAAP net loss $43M, diluted EPS ($0.44); adjusted net income $100M, adjusted EPS $1.00 (down 2% YoY).
Sonoco appoints Scott A. Clark, former Michelin EVP, to Board of Directors
Board increased from 11 to 12 directors, effective Feb. 12, 2025.
Sonoco CFO Dillard departs Jan 3; Cheatham appointed interim CFO; other senior changes
CFO Rob Dillard separated Jan 3, 2025; will receive severance under company's Executive Officer Severance Plan.
Sale price of $1.8 billion on a cash-free, debt-free basis with customary adjustments.
Sonoco closes €3.615B acquisition of Eviosys, creating global metal packaging leader
Acquisition completed December 4, 2024; purchase price of €3.615 billion paid in cash and debt.
Sonoco Q3 GAAP EPS $0.51, Adj EPS $1.49; Eviosys acquisition on track, TFP review ongoing
GAAP net income $51M ($0.51 EPS), down 61% YoY; adjusted net income $148M ($1.49 EPS), up 2%.
Sonoco closes $1.8B note offering; terminates $4B bridge facility tied to Eviosys deal
Issued $500M of 4.450% notes due 2026, $600M of 4.600% notes due 2029, and $700M of 5.000% notes due 2034.
Sonoco enters $1.5B 364-day term loan to fund Eviosys acquisition; upsized from $1.2B
Credit agreement upsized to $1.5B from previously announced $1.2B commitment.
Sonoco secures $1.2B term loan for Eviosys acquisition, files audited financials
Obtained commitments for ~$1.2B senior unsecured term loan facility; funding at closing of Eviosys acquisition.
Sonoco: Eviosys consultation done, put option exercised, closing expected by end-2024
European Works Council consultation with Eviosys completed on August 20, 2024, satisfying a condition.
Sonoco Q2 adjusted EPS $1.28, revenue $1.62B down 5%; announces $3.9B Eviosys acquisition
GAAP net income $91M ($0.92 EPS); adjusted EPS $1.28, both down ~7% YoY.
Sonoco enters $700M term loan to fund Titan Holdings I B.V. acquisition
Term loan of $700M unsecured; replaces a corresponding amount of existing $4B bridge facility.
Sonoco to acquire Eviosys for $3.9B, creating global metal food can leader
Purchase price ~$3.9B (€3.615B) on cash-free, debt-free basis; 7.3x 2024 expected adj. EBITDA incl. synergies.
Sonoco upsizes revolver to $1.25B, extends maturity to 2029
Revolving credit facility increased from $900M to $1,250M; maturity extended to May 3, 2029.
Sonoco Q1 GAAP EPS down 56% to $0.66; sells Protective Solutions for $82M, raises dividend
Net sales $1,638M (-5% YoY); GAAP operating profit $112M (-51%); GAAP net income $65M (-56%).
Sonoco shareholders elect all directors, approve incentive plan; reject political spending proposal
All 11 director nominees elected with votes in favor ranging from ~74M to ~77M.
Sonoco realigns segment reporting: thermoforming into Consumer Packaging; recasts prior periods
Effective Jan 1, 2024, Sonoco merged flexible packaging and thermoforming packaging into Consumer Packaging segment.
Sonoco Q4 adjusted EPS $1.02 (down 20% YoY); full year $5.26 (down 19%)
Q4 net sales $1.636B (-2% YoY); full year net sales $6.781B (-6% YoY).
Sonoco Q3: Adj EPS $1.46 beats guidance; raises full-year outlook
Net sales $1.71B (-10% YoY); GAAP diluted EPS $1.32, adjusted EPS $1.46.
Sonoco amends bylaws to align with SEC universal proxy rules and SC corporate law
Board approved amendments on Oct 17, 2023; effective immediately.
Sonoco completes $330M acquisition of RTS Packaging from WestRock; expects immediate EPS accretion
Purchase price $330M for remaining equity in RTS Packaging and one WestRock paper mill in Chattanooga, TN.
Sonoco enters $900M term loan, draws $600M; ups revolver to $900M
$600M drawn on Aug 7 to refinance near-term debt and fund rural waste disposal capex.
Sonoco Q2 net sales down 11% to $1.71B; adjusted EPS $1.38 misses; full-year guidance lowered
Net sales $1,705M (-11% YoY); GAAP EPS diluted $1.16 (-13%); adjusted EPS $1.38 (-22%).
Sonoco Q1 adjusted EPS $1.40 (-24% YoY); raises FY23 guidance, dividend $0.51
GAAP EPS $1.50 (up 28% YoY) on net sales $1.73B (-2%); GAAP operating profit $230M (+36%).
Sonoco shareholders re-elect all 11 directors, ratify PwC, set annual say-on-pay vote
All 11 director nominees elected with strong support; no dissident candidates.
Sonoco raises Q1 2023 adjusted EPS guidance to $1.30-$1.40 from $1.15-$1.25
Adjusted EPS guidance raised to $1.30-$1.40 per diluted share from prior $1.15-$1.25.
Sonoco reports record annual revenue $7.25B, Base EPS $6.48 (+65%)
Q4 net sales $1,676M (+16% YoY); GAAP EPS $0.98 (+48%); Base EPS $1.27 (+28%).
Steven L. Boyd appointed to Sonoco Board of Directors effective Dec 8, 2022
Boyd, 64, has over 35 years of CPG experience at Coca-Cola, Tate & Lyle, and Dial.
Sonoco enters $400M unsecured term loan facility, draws full amount on Dec 2, 2022
$400M unsecured term loan facility with JPMorgan as administrative agent; full amount drawn on Dec 2, 2022.
Sonoco to acquire remaining 65% of RTS Packaging from WestRock for $330M
Purchase price $330M cash for remaining 65% equity interest and a paper mill in Chattanooga, TN.
On May 5, 2026, Aditya Gandhi informed Sonoco Products Company (the “Company”) of his intention to resign from his position as Chief Accounting Officer, effective May 29, 2026.
Mr. Cheatham will assume a senior finance leadership role with the Company.
appointed Paul Joachimczyk to the role of Chief Financial Officer, effective June 30, 2025.
On June 17, 2025, the Company appointed Paul Joachimczyk to the role of Chief Financial Officer, effective June 30, 2025.
Jerry A. Cheatham, the Company’s Interim Chief Financial Officer, will continue to serve as principal financial officer until the filing of the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ending June 29, 2025, following which Mr. Joachimczyk will assume the role of principal financial officer and Mr. Cheatham will assume a senior finance leadership role with the Company.
On February 12, 2025, upon the recommendation of its Corporate Governance and Nominating Committee, the Board of Directors (the “Board”) of Sonoco Products Company (the “Company”) approved an increase to the size of the Board from eleven (11) to twelve (12) directors and appointed Scott A. Clark to the Board.
Jerry A. Cheatham, the Vice President of Global Finance for the Company’s Industrial Paper Packaging segment and a 36-year finance leader within the Company, was appointed to the role of interim Chief Financial Officer.
Robert R. Dillard separated from his position as the Chief Financial Officer of Sonoco Products Company
Mr. Steven L. Boyd was appointed to the Sonoco Board of Directors on December 8, 2022.
On August 26, 2022, Sundaram Nagarajan, 60, extended his resignation from the Sonoco Products Company's Board of Directors (the "Board"), effective August 31, 2022.
Mr. Gandhi will succeed James W. Kirkland, who left the Company on August 8, 2022, as the Company’s principal accounting officer.
On August 8, 2022, Sonoco Products Company (the “Company”) promoted Aditya J. Gandhi to the position of Chief Accounting Officer, effective as of August 9, 2022.
Max materiality 0.90 · Median 0.70 · Most common event earnings