Kevin Fogarty's questions to Smurfit WestRock PLC (SW) leadership • Q1 2025
Question
Kevin Fogarty asked for a comprehensive view of expected exceptional charges for the year. He sought confirmation on the previously guided $235 million related to synergy delivery and asked if any other significant items, such as accelerated depreciation or further restructuring charges, should be anticipated.
Answer
CFO Ken Bowles confirmed that there are no new exceptional charges beyond what has already been guided or recently announced. He reiterated that the synergy-related costs remain as expected at $235 million. The only new information is the charges associated with the recent closures, comprising approximately $99 million in cash costs and a $188 million non-cash impairment.