By Christopher Kuo
Sonoco Products reduced its full-year guidance as it contends with higher input costs due to inflation.
The packaging solutions company forecasted adjusted earnings at the low end of previous guidance of $5.80 to $6.20 a share. The company expects sales of $7.25 billion to $7.75 billion in 2026.
"Current macroeconomic and geopolitical uncertainty is resulting in higher than expected inflation affecting energy, logistics, chemicals, resins and other input costs," Chief Financial Officer Paul Joachimczyk said.
The company on Tuesday reported a profit of $67.6 million, or 68 cents a share, compared with a profit of $54.5 million, or 55 cents a share, a year earlier.
Adjusted earnings were $1.20 a share, matching the estimate of analysts surveyed by FactSet.
Sales fell 1.9% to $1.68 billion, below analysts' expectations of $1.71 billion.
Consumer segment sales rose 2.9%, driven by price increases the company made to counter the effects of inflation and tariffs.
Write to Christopher Kuo at chris.kuo@wsj.com
(END) Dow Jones Newswires
April 21, 2026 16:48 ET (20:48 GMT)
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