earnings
confidence high
sentiment neutral
materiality 0.65
Smurfit Westrock Q2 2024 legacy results: net income $132M, adj EBITDA $480M, vol +3.1%
Smurfit Westrock plc
2024-Q2 EPS reported
-$5.04
revenue$5,899,000,000
- Net sales $2.97B vs $3.08B YoY; net income $132M vs $267M; adjusted EBITDA $480M vs $556M.
- Adjusted EBITDA margin 16.2% (down from 18.1%); net leverage 1.6x vs 1.3x year-end 2023.
- Corrugated volume growth 3.1% (Europe +3.5%, Americas +1.5%); higher recovered fiber costs expected to be recovered via pricing.
- Quarterly dividend of $0.3025 per ordinary share; post-quarter completed WestRock combination, NYSE listing, S&P 500 inclusion.
- Credit ratings: BBB/BBB/Baa2 from S&P, Fitch, Moody's respectively.