Sonoco Products Company has posted robust second-quarter results, with net sales surging 49.4% year-over-year to $1.9 billion, largely due to recent acquisitions.

Net income soared to $493 million, compared to $91 million a year ago, boosted by the $425 million after-tax gain from the April sale of its Thermoformed and Flexibles Packaging (TFP) and global Trident businesses to TOPPAN Holdings. Adjusted net income rose 7.4% to $136 million, with adjusted earnings per share of $1.37.

The company reported a 25.1% increase in adjusted EBITDA to $328 million and generated $193 million in operating cash flow for the quarter. Sonoco also reduced total debt by $1.7 billion, aided by divestiture proceeds and improved cash generation.

CEO Howard Coker credited the transformation strategy and strong performance in its Consumer Packaging segment, which saw a 110% increase in sales and a 115% jump in adjusted EBITDA—driven largely by the Eviosys acquisition and strong U.S. metal packaging demand. The Industrial Paper Packaging segment also delivered a 16% EBITDA gain and improved margins.

Sonoco reaffirmed its full-year 2025 adjusted EBITDA guidance of $1.3 to $1.4 billion and now expects adjusted earnings per share to reach approximately $6.00.

“We continued to make progress on our transformation journey in the second quarter with the successful divestiture of TFP and the utilisation of proceeds to substantially reduce leverage. We achieved strong growth in top-line and bottom-line performance along with margin expansion in the quarter even though results were impacted by global macroeconomic pressures and seasonal factors which affected consumer and industrial demand and higher than expected interest costs,” said Coker, Sonoco President and Chief Executive Officer. 

“Consumer Packaging segment sales grew 110% and adjusted EBITDA jumped 115%. Most of the improvement came from the addition of Metal Packaging EMEA (Eviosys acquisition) along with strong performance from our Metal Packaging U.S. business which achieved greater than 10% growth in volume/mix in the quarter. Our Industrial Paper Packaging segment improved adjusted EBITDA by 16% and EBITDA margin by approximately 300 basis points driven by year-over-year improvement in price/cost and productivity.”