Francesco Giannolo secures key EMEA role in Sonoco’s unified consumer unit

Sonoco Products Company's unit, Sonoco S.a.r.l., will raise paperboard prices by 60 Euro per ton in the EMEA region starting September 15, 2026, citing inflation and geopolitical pressures. The increase aims to offset rising energy and transportation costs. Sonoco operates 19 plants and 5 paperboard mills in Europe, with $7.5 billion in 2025 net sales.

Sonoco Products Company reported Q2 2026 results for the quarter ended June 28, 2026. The company said productivity and cost control offset higher logistics and raw material costs. Industrial Paper Packaging operating profit rose 4% year over year and 29% sequentially; Consumer Packaging operating profit fell about 5% but rose 22% sequentially. Record Q2 operating cash flow was $301 million and free cash flow $237 million. Sonoco reaffirmed full-year guidance and targeted margin gains of 200 bps

SONOCO PRODUCTS CO (SON) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99 2 ex99q22026earningsrelease.htm EX-99 Document July 22, 2026 Sonoco Reports Second Quarter 2026 Results Hartsville, S.C., U.S. - Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), a Mid-cap Value global packaging company, today reported financial results for t

Billionaire Ernesto Bertarelli indirectly purchased 8.8 million shares of Madison Air Solutions (MAIR) at $24.97 per share, totaling $219 million. The acquisition was made through K.C. Armada, LP, bringing his indirect ownership to 11% of the company. MAIR's stock closed at $28.51, a 14% premium over the purchase price. The company has a market cap of $14.3 billion and expects 18% revenue growth this fiscal year.

Moody's upgraded Seagate Data's corporate family rating to Ba1 from Ba2, citing AI-driven demand for high-capacity HDDs. The agency expects revenues to grow over 30% annually, reaching $20B, and debt to EBITDA to fall below 0.5x. Seagate faces risks from revenue concentration and pricing pressures. The company had $1.7B in cash and access to a $1.3B credit facility as of July 2026.

Fitch upgraded Garrett Motion's (GTX) long-term rating to 'BB+' from 'BB' due to improved leverage, forecasting 2.0x EBITDA leverage by 2026. The company's Q2 2026 EBIT margin was 15.6%, up 200 bps YoY, with strong profitability expected through 2029. Garrett has $177M cash and a $630M untapped credit facility.