Jerry A. Cheatham
Mr. Cheatham will assume a senior finance leadership role with the Company.
Highest-materiality recent filing
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.
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.
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.
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.
Max materiality 0.85 · Median 0.65 · Most common event leadership