Sonoco Products Co. 2026年季度报告

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 Sonoco Products Company (Exact name of registrant as specified in its charter) South Carolina57-0248420(State or other jurisdiction of incorporation of organization)(I.R.S. Employer Identification No.) Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15 (d)of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ The number of shares outstanding of the registrant’s no par value common stock as of April17, 2026 was 98,868,689. SONOCO PRODUCTS COMPANY INDEX PART I. FINANCIAL INFORMATION Item1.Financial Statements:Condensed Consolidated Balance Sheets –March 29, 2026 (unaudited) and December 31, 2025 (unaudited)Condensed Consolidated Statements of Income – Three Months Ended March 29, 2026 (unaudited) and March30, 2025 (unaudited)Condensed Consolidated Statements of Comprehensive Income –Three Months Ended March 29, 2026(unaudited) and March 30, 2025 (unaudited)Condensed Consolidated Statements of Changes in Total Equity – Three Months Ended March 29, 2026(unaudited) and March 30, 2025 (unaudited) Condensed Consolidated Statements of Cash Flows – Three Months Ended March 29, 2026 (unaudited) andMarch 30, 2025 (unaudited) Notes to Condensed Consolidated Financial Statements (unaudited) Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations.Item 3.Quantitative and Qualitative Disclosures About Market Risk.Item 4.Controls and Procedures. PART II. OTHER INFORMATION Item 1.Legal Proceedings.Item 5.Other Information.Item 6.Exhibits. SONOCO PRODUCTS COMPANYCONDENSED CONSOLIDATED STATEMENTS OF SONOCO PRODUCTS COMPANYNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Dollars and shares in thousands except per share data)(unaudited) Note 1: Basis of Interim Presentation On April1, 2025, Sonoco Products Company (the “Company” or “Sonoco”) completed the sale of its Thermoformed andFlexibles Packaging business and its global Trident business (collectively, “TFP”) to TOPPAN Holdings Inc. (“Toppan”). Inaccordance with applicable accounting guidance, the results of TFP, previously part of the Company’s Consumer Packagingsegment, are presented as discontinued operations in the Condensed Consolidated Statements of Income and, as such, have beenexcluded from both continuing operations and segment results for all periods presented in this Quarterly Report on Form 10-Q. Following the sale of the Company’s ThermoSafe business (“ThermoSafe”), part of the All Other group of businesses, toArsenal Capital Partners (“Arsenal”), a private equity firm, on November3, 2025, the Company’s industrial and specialtyplastics business (“Industrial Plastics”) was the only remaining business in the All Other category. Effective January 1, 2026, theCompany changed its operating and management reporting structure and, as a result, realigned Industrial Plastics to be reportedwithin the Industrial Paper Packaging segment. Following this realignment, the All Other category as presented in this Quarterly In the opinion of the management of the Company, the accompanying unaudited condensed consolidated financialstatements contain all adjustments (consisting of only normal recurring adjustments, unless otherwise stated) necessary to statefairly the consolidated financial position, results of operations and cash flows for the interim periods reported herein. Operatingresults for the three-month period ended March 29, 2026 are not necessarily indicative of the results that may be expected for Amounts reported in thousands within this Quarterly Report on Form 10-Q are computed based on the actual amounts. Asa result, the sum of the components may not equal the total amount reported in