Risk Sleuth
SON · 10-K filed 26 Feb 2026 · year to 31 Dec 2025

Sonoco Products

28 named things its latest annual report says its results depend on, each in the company's own words. 18 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Consumer Packaging top five customers

concentrated in · approximately 23%named as a risk
On an aggregate basis during 2025, the five largest customers in the Consumer Packaging and Industrial Paper Packaging segments accounted for approximately 23% and 11%, respectively, of each segment’s net sales.Business (Item 1)

Suppliers

Railroads

depends onnamed as a risk
In particular, a significant portion of the goods we manufacture and raw materials we use are transported by railroad or trucks, which are highly regulated.Risk factors (Item 1A)

Also named by CHRW, EVRG, MLM

Other companies

Eviosys

approximately $3.8 billionnamed as a risk
On December 4, 2024, the Company completed the acquisition of Eviosys, Europe’s leading food cans, ends and closures manufacturer, from KPS Capital Partners, LP (“KPS”), for an aggregate purchase price of approximately $3.8 billion.Business (Item 1)

Metal Packaging EMEA reporting unit goodwill

$1.4 billionnamed as a risk
Total goodwill associated with the Metal Packaging EMEA and Global Paper Products APAC reporting units was $1.4 billion at December 31, 2025.Risk factors (Item 1A)

Metal cans

earns from · approximately 45%
In 2025, metal cans and rigid paper containers were the Company’s largest revenue-producing groups of products and services representing approximately 45% and 20%, respectively, of the Company’s consolidated net sales.Business (Item 1)

TOPPAN Holdings Inc.

approximately $1.8 billion
On April 1, 2025, the Company completed the sale of TFP to TOPPAN Holdings Inc. (“Toppan”) for approximately $1.8 billion on a cash-free and debt-free basis and subject to customary adjustments.Business (Item 1)

Places

Europe

operates in · 42%named as a risk
Following the divestitures of TFP and ThermoSafe in 2025, Sonoco had approximately 22,000 full-time equivalent employees as of December 31, 2025, of which approximately 35% are located in the United States, 42% in Europe, and 23% in other geographies.Business (Item 1)

Also named by ADSK, AME, AMRC, ATR, BCSF, BKNG, BMI, BMY and 60 more

Russia

operates in · approximately 1% of the Company’s net salesnamed as a risk
Our operations in Russia accounted for approximately 1% of the Company’s net sales in 2025 and approximately 0.5% of the Company’s total assets at December 31, 2025.Risk factors (Item 1A)

Also named by ALSN, ATR, AVY, AXP, BKR, BSX, C, CDNA and 50 more

Outside United States

earns from · approximately 52% of consolidated salesnamed as a risk
In 2025, approximately 52% of consolidated sales came from operations outside of the United States, reflecting the significant expansion of our international operations with the December 2024 acquisition of Eviosys.Risk factors (Item 1A)

Also named by EXTR, RGLD, RHI, TPR

Canada

operates innamed as a risk
Some of the enumerated goods subject to these tariffs include products and materials shipped to Sonoco’s plants in Canada, and the Company may be unable to claim end-use exemptions to mitigate the impact of such tariffs.Risk factors (Item 1A)

Also named by AAP, AJG, ALL, AMRC, AOS, ARE, BBY, BF/B and 97 more

Hartsville, South Carolina

concentrated in
The Industrial Paper Packaging segment and certain operations within the Consumer Packaging segment have customer service centers located in Hartsville, South Carolina, which are the main contact points between their North American business units and their customers.Business (Item 1)

Hazards

Food can seasonal crop demand / weather

named as a risk
Adverse or varying weather conditions associated with climate change have impacted, and could in the future impact, crop yields and harvest timing, which in turn could impact the level and timing of demand for our containers.Risk factors (Item 1A)

Commodities and inputs

Steel

exposed to its pricenamed as a risk
The principal raw materials used by the Company are recovered paper, paperboard, steel, and aluminum.Business (Item 1)

Also named by AAON, AGX, ALSN, AM, AME, AMRC, AOS, APD and 104 more

Aluminum

exposed to its pricenamed as a risk
A portion of the steel and aluminum we purchase for our metal packaging and industrial paper packaging businesses is sourced from outside the United States, and although we generally negotiate agreements to share tariff costs with brokers from which we purchase certain raw materials and have the contractual ability to pass on cost increases due to tariffs to our customers, we may be unable to maintain such cost sharing and cost pass-on practices, and any price increases may cause our customers to find alternative suppliers and result in reduced demand for our products.Risk factors (Item 1A)

Also named by AAON, ACHR, ALSN, AYI, BA, BALL, BF/B, BWA and 59 more

Natural gas

exposed to its pricenamed as a risk
In addition, we operate manufacturing sites throughout Europe and, in many instances, continued normal operations at those sites depend on the availability of natural gas and other inputs.Risk factors (Item 1A)

Also named by AA, ADM, AEE, AEP, AES, AESI, AGX, ALB and 132 more

Electricity

exposed to its pricenamed as a risk
In addition, some of our manufacturing operations require the use of substantial amounts of electricity and natural gas, which may be subject to significant price increases as the result of changes in overall supply and demand and the impacts of legislation and regulatory action.Risk factors (Item 1A)

Also named by AA, AESI, APD, APLD, ATI, ATO, BA, BMNR and 22 more

Recovered paper

exposed to its pricenamed as a risk
Principal examples are recovered paper, paperboard, steel, aluminum and plastic resins.Risk factors (Item 1A)

Laws and programs

OECD Pillar Two global minimum tax

subject to · 15%named as a risk
The Organisation for Economic Co-operation and Development (“OECD”) has issued the Base Erosion and Profit Shifting (“BEPS”) Pillar II rules which generally provide for multinational organizations to have a minimum effective corporate tax rate of 15% in each jurisdiction in which they operate.Risk factors (Item 1A)

Also named by ABNB, ACN, ADI, ADM, ADSK, AKAM, ALB, AMAT and 70 more

Comprehensive Environmental Response, Compensation and Liability Act (CERCLA)

subject to · approximately $1.8 millionnamed as a risk
As of December 31, 2025, approximately $1.8 million was reserved for environmental liabilities.Risk factors (Item 1A)

Also named by ALSN, AME, BRK/B, BWA, CLH, CMI, DD, GIS and 10 more

U.S. Section 232 steel and aluminum tariffs

subject to · 50% dutynamed as a risk
As a result, imported steel and aluminum originating from most foreign countries is currently subject to a 50% duty.Risk factors (Item 1A)

Also named by ESAB, FLS, IR, LRCX, RS, VMI, WES

Commercial paper program

depends on · $1.25 billionnamed as a risk
We also operate a $1.25 billion commercial paper program, supported by a $1.25 billion revolving credit facility committed by a syndicate of banks until May 2029.Risk factors (Item 1A)

Also named by ADP, ORLY, ROL

United States-Mexico-Canada Agreement (USMCA)

subject tonamed as a risk
These or any future retaliatory measures, the removal of the exemption by the United States, or other changes to the USMCA or other trade arrangements, could impact our operations by increasing the cost of imported raw materials and finished goods from Canada and Mexico.Risk factors (Item 1A)

Also named by AYI, BMI, BWA, CLF, CMI, CP, CW, DCH and 29 more

EU Corporate Sustainability Reporting Directive

subject tonamed as a risk
In the European Union, the Corporate Sustainability Reporting Directive, which became effective in 2023, but is in the process of being revised, applies to both E.U. and non-E.U. in-scope entities and would require them to provide expansive disclosures on various sustainability topics.Risk factors (Item 1A)

Also named by AMAT, AVY, CBRE, FFIV, GNRC, HLT, IEX, INGR and 19 more

California climate disclosure laws

subject tonamed as a risk
For instance, the State of California has enacted legislation that requires greater transparency on climate-related matters, including legislation that will require large U.S. companies doing business in California to make broad-based climate-related disclosures starting as early as 2026, and other states are also considering new climate change disclosure requirements.Risk factors (Item 1A)

Also named by CFG, GXO, IEX, LNC, POOL, SSB

PFAS regulations

subject tonamed as a risk
Such regulations could both result in customers switching to other packaging formats, and therefore result in lost revenue, and result in increased costs associated with sourcing recycled resins and designing and producing products with enhanced recyclability.Risk factors (Item 1A)

Also named by ATR, KDP, POWL, WST

U.S. reciprocal tariffs

subject tonamed as a risk
Such tariffs and other trade restrictions, and uncertainty related thereto, have had, and may in the future have, an adverse direct effect on our costs of products sold and margins and have had, and may in the future have, an adverse indirect effect due to reduced demand for our products or other impacts to our customers, suppliers or other business partners.Risk factors (Item 1A)

Also named by CLS, WCC

U.S., EU and UK sanctions on Russia

subject tonamed as a risk
U.S., EU, UK, and other economic sanctions, export controls and related laws and regulations may increase and make continuing such Russia operations impracticable or impossible.Risk factors (Item 1A)

Conflict minerals disclosure rules

subject tonamed as a risk
Disclosure regulations relating to the use of conflict minerals sourced from the Democratic Republic of the Congo and adjoining countries could affect the sourcing, availability, and cost of materials used in the manufacture of some of our products.Risk factors (Item 1A)