Smurfit Westrock PLC Reports Strong 2024 Financial Results

Smurfit Westrock PLC ( (SW) ) has released its Q4 earnings. Here is a breakdown of the information Smurfit Westrock PLC presented to its investors.

Smurfit Westrock PLC is a prominent global provider of paper-based packaging solutions, operating across 40 countries with a workforce of approximately 100,000 employees.

The company recently reported its financial results for the fourth quarter and full year of 2024, highlighting strong performance metrics including a significant increase in net sales and net income.

For the fourth quarter, Smurfit Westrock achieved net sales of approximately $7.5 billion with a net income of $146 million, reflecting a margin of 1.9%. The adjusted EBITDA for the quarter stood at $1,166 million with a margin of 15.5%. On a full-year basis, the company reported a net income of $319 million and a combined adjusted EBITDA of $4.7 billion, aligning with their guidance. The company also increased its quarterly dividend by 42% to $0.4308 per share.

Strategically, the company is progressing well with its $400 million synergy program, expected to complete by the end of the current year. The management expressed confidence in their operational and commercial opportunities, which are expected to meet or exceed the synergy target. Smurfit Westrock’s extensive scale and diverse product portfolio position it favorably in delivering sustainable packaging solutions worldwide.

Looking ahead, Smurfit Westrock remains optimistic about its prospects, with expectations of achieving approximately $1.25 billion in adjusted EBITDA for the first quarter of 2025, provided current market conditions persist. The company is committed to its transformation journey and anticipates continued progress, while remaining cautious of macro-economic and climate-related risks.