SON · Sonoco Q2 FY2026 earnings call record财报电话会记录

“The segment's improvement was driven by $16 million in productivity gains, which more than offset price cross headwinds stemming from rising costs for freight, chemicals, OCC and lumber.”

“Reels volumes were up 10% as we continue to benefit from demand from wire and cable customers who are helping with the infrastructure build-out of data centers serving artificial intelligence investments.”

“Overall, segment volume mix was off 1.8%, driven primarily by lower metal aerosol cans and adhesives and sealants demand in the U.S.”

“Productivity, pricing actions, and early contributions from our profitability performance plan helped offset inflationary pressures and supported margin stability in the mixed demand environment.”

“Adjusted EPS to $1.51 compared to $1.37 in the prior year, supported by the continued execution across the business, benefits from the profitability performance plans, and lower interest expense resulting from the debt reduction actions completed over the last year.”

“Excluding those results, second quarter 2026 revenue and EBITDA grew by 2% and adjusted EPS increased by 17%.”

“Looking at the consumer segment first, sales increased 1% year-over-year to $1.24 billion.”

“For the full year, we continue to expect net sales of $7.25 billion-$7.75 billion, adjusted EBITDA of $1.25 billion-$1.35 billion, adjusted earnings per share of $5.80-$6.20, and operating cash flows of $700 million-$800 million.”

“On the consumer side, particularly in North America, we did see a bit of a slowdown, but it was somewhat, I would call, macro-related, particularly in adhesives and sealants.”

“I'll add to it on the consumer side, we have some major contracts that, based on our customers' financial years, were pricing in the first half of the year, was not passed that will be passing July 1, August 1 timeframe.”

“I think before we have said a $10 movement in OCC is a $6 million-$8 million impact on an annualized basis.”

“Then just sticking with capital allocation, I know you're planning to continue paying down debt through your three-year plan for 2028, how do you think about share repurchases within there?”