Smurfit WestRock PLC
F:N4U

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Smurfit WestRock PLC Logo
Smurfit WestRock PLC
F:N4U
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Price: 41.4 EUR
Market Cap: €21.7B

Smurfit WestRock PLC
Investor Relations

Smurfit WestRock makes paper-based packaging. It turns wood fiber and recycled paper into corrugated boxes, cartons, paperboard, and other shipping and retail packaging used to protect, move, and display products. The company sits in the middle of the packaging supply chain: it buys raw fiber, makes paper and packaging materials, then sells finished packaging to other businesses. Its main customers are food and beverage companies, consumer brands, e-commerce sellers, industrial manufacturers, and other large shippers that need boxes, cartons, and display packaging. Smurfit WestRock earns money by selling packaging products and related design, supply, and recycling services. Customers rely on it for packaging that fits their products, meets shipping needs, and can be made from recyclable materials. What makes the business different is its focus on fiber-based packaging rather than plastic-heavy alternatives. That gives it a strong role in markets that want lighter, more recyclable packaging, especially for shipping and retail presentation. Because it also makes some of its own paper inputs, the company is more integrated than many packaging buyers and sellers, which helps it control quality, supply, and product design.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Jul 29, 2026
AI Summary
Q2 2026

Quarterly profit: Smurfit Westrock reported adjusted EBITDA of $1.14 billion with a 14.2% margin, and management said the result held up well despite heavy freight inflation.

Outlook cut: Full-year adjusted EBITDA guidance was set at $4.9 billion to $5.1 billion, with higher freight costs now the biggest headwind for 2026.

Pricing pass-through: Management said price increases are moving through with a lag, especially in North America and Europe, and that most of the benefit should show more clearly in the second half and into 2027.

Volume recovery: North American corrugated volumes were down 4.8%, but management expects volumes to turn better in the third or fourth quarter as new business ramps and easier comparisons roll through.

Market tightness: Management described paper markets as extremely tight, saying several grades are effectively sold out across North America, Europe, and Latin America.

Cost pressure: Freight and logistics were the key surprise of the quarter, with management citing about $300 million of freight headwind year-on-year and saying transportation remains difficult to secure.

Key Financials
Adjusted EBITDA
$1.14 billion
Adjusted EBITDA margin
14.2%
Full-year adjusted EBITDA guidance
$4.9 billion to $5.1 billion
CapEx
$2.4 billion to $2.5 billion
Quarterly dividend
$0.4523 per ordinary share
North America corrugated volumes
down 4.8% on a same-day basis; down 4.5% on an absolute basis
EMEA and APAC corrugated volumes
up 1.9% on an absolute basis; up 1.5% on a same-day basis
North America box margin
around 3% to 4%
Freight headwind
about $300 million year-on-year
Energy headwind
about $220 million to $250 million
North America inventory
2.5 million to 2.6 million tonnes
European recycled board price increase
EUR 80 a tonne
North American output pricing increase
$100 a tonne
Earnings Call Recording
Other Earnings Calls

Management

Mr. Anthony Paul J. Smurfit
President, Group CEO & Director
No Bio Available
Mr. Ken Bowles
Executive VP, Group CFO & Executive Director
No Bio Available
Mr. Saverio Mayer
President & Chief Executive Officer of Europe, MEA & APAC
No Bio Available
Mr. Laurent Sellier
President & Chief Executive Officer North America (Including Mexico)
No Bio Available
Ms. Irene Page
Group Chief Accounting Officer
No Bio Available
Mr. Ben Garren
Group General Counsel
No Bio Available
Ms. Sharon Whitehead
Chief Human Resources Officer
No Bio Available
Mr. Garrett Quinn
Group Chief Sustainability Officer
No Bio Available
Mr. Jairo A. Lorenzatto
President & Chief Executive Officer of LATAM
No Bio Available
Ms. Gillian Carson-Callan
Group SVP Finance & Company Secretary
No Bio Available

Contacts

Address
DUBLIN
DUBLIN
Beech Hill, Clonskeagh
Contacts
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