🔴 Sonoco Products is trading 10% down in after-hours trading after third-quarter results missed estimates

Sonoco Products is trading 10.22% down at $45.76 after third-quarter adjusted EPS of $1.67 and $2.04 billion in revenue missed estimates.

• A $829 million non-cash goodwill impairment was reported; drought-related pressure on food-can demand and higher-than-expected inflation in freight, energy and other costs were also cited.
• Full-year 2026 guidance was revised to adjusted EPS of $5.30–$5.50 and adjusted EBITDA of $1.20–$1.25 billion.
• The earnings release was a company-specific catalyst for the after-hours decline; broader U.S. indexes were higher on October 21.