Earnings GuidanceSmurfit WestRock shares sold off on results, with a 5% decrease due to the first quarter guidance being slightly below consensus expectations.
Maintenance CostsThe shares fell further, to -7%, by the end of the call due to management commentary indicating higher maintenance cost headwinds in Q2 and Q3.
Tariffs ImpactA key risk mentioned is the possible tariffs and the potential impact on Smurfit WestRock's Latin American business.