Sonoco Outlines Cost Management Strategies Amid Rising Input Expenses
Sonoco reported Q1 2026 net sales of $1.68B, a 1.9% decline year-over-year, and outlined cost management strategies to address rising input costs. The company achieved $8 million in cost savings during Q1, with plans to reach $150 million to $200 million in savings by 2028. CEO Howard Coker highlighted the impact of geopolitical tensions and macroeconomic conditions on operations.
Tickers: $SON
Topics: cost management cost savings earnings call input costs portfolio changes