Packaging firm Sonoco drops after quarterly revenue miss

Sonoco Products

21/04/2026 21:52

** Shares of packaging firm Sonoco Products SON.N down about 7% at $53.08 in aftermarket trading

** Posts Q1 revenue of $1.68 billion, missing expectation of $1.71 billion - data compiled by LSEG

** Reports Q1 adjusted EPS in line with estimate of $1.20

** Expects annual adjusted EPS in the lower end of previous guidance of $5.80 to $6.20, citing inflationary pressures and lower demand due to macroeconomic uncertainties

** Company maintains annual net sales guidance in the range of $7.25 billion to $7.75 billion

** As of Tuesday's close, stock up 30% YTD

(Reporting by Koyena Das from Bengaluru )

((Koyena.das@thomsonreuters.com))