LSE$SW

Smurfit WestRock Public Limited Company · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Smurfit Westrock reported Q1 2025 net sales of $7.66B with net income attributable to common shareholders of $384M and diluted EPS of $0.73.

Net sales more than doubled to $7.66 billion following the Smurfit-WestRock combination, adding $4.74 billion from the acquired business. Net income attributable to common shareholders was $384 million versus $191 million; diluted EPS was $0.73. Operating profit was $553 million as integration and synergy capture begin.

  • Q1 net sales $7.66B (+162% YoY on combination).
  • Net income to common $384M; diluted EPS $0.73.
  • Combination-related transaction and integration costs $36M.
  • Global containerboard and consumer packaging scale.
  • Synergy target from Smurfit-WestRock merger.

Headline financials

Total Revenue

$7.66B

No prior period
EPS (adj)

$0.73

No prior period
Adjusted EBITDA

$1.25B

No prior period
Adjusted EBITDA Margin

16.4%

No prior period
Adjusted Free Cash Flow

-$144M

No prior period
Net Income Margin

5.0%

No prior period
Net Cash from Operations

$235M

No prior period
Net Income

$384M

No prior period
Operating Income

$553M

No prior period
Gross Profit

$1.58B

No prior period

Revenue & EPS history

Smurfit Kappa · Revenue · Quarterly

$7.66B

Q1 2025
Beat estimate in 2 of 6 quarters(33%)
ActualEstimate

Revenue by segment

Smurfit Kappa · $2.93B total across 3 segments · Q3 2023

  • Europe, MEA & APAC
    $2.19B
  • North America
    $401M
  • Latin America
    $341M

Forward guidance

Management targets substantial cost synergies from the combination and discusses containerboard pricing and box demand by region; leverage reduction is a priority.

Tailwinds

  • Industry-leading global packaging footprint post-merger.
  • Synergy run-rate and procurement savings.
  • Strong free cash flow potential at normalized pricing.

Headwinds

  • Integration execution and cultural alignment.
  • Containerboard price cyclicality.
  • Customer destocking in Europe and North America.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 11 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+0.1%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+687.1%

Avg return

30 days after

45%

5 / 11 earnings

Positive

+15.2%

Q3 2024

Best reaction

-10.7%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.7%-0.4%+7578.9%
Q4 2025+9.9%+12.7%-13.1%
Q3 2025-10.7%-15.1%-17.2%
Q2 2025-2.6%-8.6%-1.7%
Q1 2025-3.7%-5.9%+3.1%
Q4 2024-5.1%+0.0%-17.5%
Q3 2023-2.1%-4.6%+2.2%
Q3 2024+15.2%+15.7%+23.1%
Q4 2017+2.4%+1.3%+8.5%
Q3 2017+2.4%+0.0%-8.8%
Q2 2017+1.4%+3.4%+0.4%

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