Sonoco Reports Higher Q1 2026 Profit Despite Sales Decline
Sonoco reported a rise in first-quarter 2026 net income to $67.6 million, despite a 1.9% decline in net sales to $1.7 billion. The increase in profit was attributed to cost-cutting measures, pricing actions, and favorable foreign exchange, though the sale of the ThermoSafe business contributed to the sales dip.
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Topics: cost-cutting debt divestiture earnings expansion profit sales