Smurfit Westrock reports Q2 EPS 51c vs $1.03 last year

Reports Q2 revenue $2.969B vs $3.076B last year. Tony Smurfit, President and CEO, commented: “I am pleased to report a strong set of results, and continued delivery of quality and service for our customers. This has been driven by our performance-led culture, together with the continuing benefits of our prior year capital allocation decisions. These results were also achieved against a backdrop of significantly higher recovered fiber costs and lower corrugated box prices. We expect these increased costs will be recovered through increased box pricing with the customary time lag. “