Earnings summaries and quarterly performance for Smurfit Westrock.
Executive leadership at Smurfit Westrock.
Anthony Smurfit
Detailed
President & Group Chief Executive Officer
CEO
BG
Ben Garren
Detailed
Executive Vice President & Group General Counsel
KB
Ken Bowles
Detailed
Executive Vice President & Group Chief Financial Officer
LS
Laurent Sellier
Detailed
President & Chief Executive Officer, North America (including Mexico)
SM
Saverio Mayer
Detailed
President & Chief Executive Officer, Europe, MEA and APAC
Board of directors at Smurfit Westrock.
AW
Alan Wilson
Detailed
Director
CF
Carol Fairweather
Detailed
Director
CB
Carole Brown
Detailed
Director
CA
Colleen Arnold
Detailed
Director
IF
Irial Finan
Detailed
Chair of the Board
JB
Jørgen Buhl Rasmussen
Detailed
Director
KH
Kaisa Hietala
Detailed
Senior Independent Director
LM
Lourdes Melgar
Detailed
Director
ML
Mary Lynn Ferguson-McHugh
Detailed
Director
SH
Suzan Harrison
Detailed
Director
TC
Terrell Crews
Detailed
Director
TB
Timothy Bernlohr
Detailed
Director
Research analysts who have asked questions during Smurfit Westrock earnings calls.
Gabe Hajde
Wells Fargo & Company
8 questions for SW
Also covers: AMBP, AMCR, ATR +12 more
MW
Mark Weintraub
Seaport Research Partners
8 questions for SW
Also covers: GPK, IP, LPX +5 more
AP
Anthony Pettinari
Citigroup Inc.
7 questions for SW
Also covers: AMBP, AMCR, AVY +26 more
Philip Ng
Jefferies
7 questions for SW
Also covers: AWI, AZEK, BALL +26 more
CM
Charlie Muir-Sands
BNP Paribas
6 questions for SW
Also covers: GPK, IP, PKG
LR
Lewis Roxburgh
Goodbody
6 questions for SW
GS
George Staphos
Bank of America
5 questions for SW
Also covers: AMBP, AMCR, ATR +18 more
MR
Michael Roxland
Truist Securities
5 questions for SW
Also covers: AMBP, AMCR, AVY +16 more
LK
Lars Kjellberg
Stifel
4 questions for SW
Also covers: GPK, MATV
DW
Detlef Winckelmann
JPMorgan Chase & Co.
3 questions for SW
Also covers: IP
NP
Niccolo Piccini
Truist Securities
2 questions for SW
Also covers: AMBP, BALL, BERY +6 more
PM
Patrick Mann
Bank of America
2 questions for SW
Also covers: MT, OUTKY
PN
Phil Ng
Jefferies Financial Group Inc.
2 questions for SW
Also covers: BALL, FBIN, IP +2 more
Reinhardt van der Walt
Bank of America Merrill Lynch
2 questions for SW
Also covers: GFI, MT
RB
Richard Bourke
Bloomberg Intelligence
2 questions for SW
GH
Gabe Hajde
Wells Fargo
1 question for SW
Gaurav Jain
Barclays
1 question for SW
Also covers: BTI, MO, PM
KF
Kevin Fogarty
Deutsche Bank AG
1 question for SW
Also covers: HMKIY
Matthew McKellar
RBC Capital Markets
1 question for SW
Also covers: CLW, IP, JHX +8 more
Pallav Mittal
Barclays
1 question for SW
Also covers: MO
Recent press releases and 8-K filings for SW.
Smurfit Westrock reports Q4 2025 earnings
SW
Earnings
Dividends
Share Buyback
- Adjusted EBITDA of $1.172 billion and 15.5% margin in Q4; $4.939 billion for FY; $679 million adjusted free cash flow in Q4 and > $1.5 billion for the full year
- Regional Q4 Adj. EBITDA: North America $651 million (14.7% margin), Europe $438 million (>16%), Latin America > $130 million (>24%)
- Balance sheet strengthened with leverage down to 2.6×, average debt cost 4.64%, next maturity in 2028; 5% dividend increase; portfolio optimized via closure of the SBS machine in La Tuque
- Medium-term plan targets $7 billion Adj. EBITDA by 2030 (7% CAGR) and +300 bps margin expansion; $14 billion free cash flow (17% CAGR); $5 billion dividends; share buybacks from 2027
Feb 11, 2026, 12:30 PM
Smurfit Westrock reports Q4 2025 results
SW
Earnings
Dividends
- Adjusted EBITDA reached $1.172 billion in Q4 and $4.939 billion for FY 2025, with an adjusted margin of 15.5% across both periods.
- Adjusted free cash flow was $679 million in Q4 and over $1.5 billion for the full year, underpinning strong cash generation.
- Regional Q4 performance: North America EBITDA of $651 million (14.7% margin); Europe $438 million (>16% margin); Latin America >$130 million (>24% margin).
- Balance-sheet actions included refinancing to extend debt maturities to 2028 at an average 4.64% rate, reducing net leverage to 2.6×, and a 5% dividend increase.
- Portfolio optimization continued with the announced closure of the La Tuque SBS machine, and further synergies from integration efforts exceeded initial targets.
Feb 11, 2026, 12:30 PM
Smurfit Westrock reports Q4 2025 results
SW
Earnings
Guidance Update
Debt Issuance
- Q4 2025 Net Sales of $7.58 billion, Adjusted EBITDA of $1.17 billion (15.5% margin), and Adjusted Free Cash Flow of $679 million.
- FY 2025 Net Sales of $31.18 billion, Adjusted EBITDA of $4.94 billion (15.8% margin), and Adjusted Free Cash Flow of $1.50 billion.
- Outlook: Q1 2026 Adjusted EBITDA of $1.1–1.2 billion; FY 2026 Adjusted EBITDA of $5.0–5.3 billion.
- Balance sheet & returns: Issued $800 million 10-year and €500 million 6-year Green Bonds, pushing next major maturity to March 2028; Q1 dividend increased 5% to $0.4523/share.
Feb 11, 2026, 12:30 PM
Smurfit Westrock reports Q4 2025 results and outlines 2030 medium-term plan
SW
Earnings
Dividends
- Delivered $1.172 billion Q4 and $4.939 billion FY 2025 adjusted EBITDA (15.5% margin) and generated $679 million Q4 and over $1.5 billion FY adjusted free cash flow.
- Q4 regional adjusted EBITDA: North America $651 million (14.7% margin), Europe $438 million (>16% margin), Latin America > $130 million (>24% margin).
- Completed debt refinancings extending maturities to 2028 at an average 4.64% rate, reduced leverage to 2.6×, and raised the dividend by 5%.
- Medium-term targets: $7 billion adjusted EBITDA by 2030 (7% CAGR), 300 bp margin expansion, $14 billion free cash flow (2026–2030), $5 billion in dividends, and share buybacks from 2027.
Feb 11, 2026, 12:30 PM
Smurfit Westrock reports Q4 and FY 2025 results
SW
Earnings
Dividends
Guidance Update
- Smurfit Westrock posted $7,580 million in Q4 net sales, $98 million net income (1.3% margin) and $1,172 million adjusted EBITDA (15.5%).
- For FY 2025, net sales were $31,179 million, net income $699 million and adjusted EBITDA $4,939 million (15.8%).
- Q4 net cash provided by operating activities reached $1,195 million with adjusted free cash flow of $679 million; FY 2025 figures were $3,392 million and $1,501 million, respectively.
- The Board approved a $0.4523 quarterly dividend per share (5% increase), payable March 18, 2026.
- 2026 outlook: Q1 adjusted EBITDA of $1.1–$1.2 billion and full-year $5.0–$5.3 billion.
Feb 11, 2026, 11:39 AM
Smurfit Westrock sets 2030 financial targets and capital allocation priorities
SW
Guidance Update
Dividends
Share Buyback
- Smurfit Westrock held its Medium-Term Investor Update outlining its five-year plan covering 2026–2030, focusing on EBITDA growth, free cash flow, and shareholder returns.
- The Company targets Adjusted EBITDA of ~$7 billion, ~7% EBITDA CAGR, and ~300 bps margin expansion by 2030.
- It aims for cumulative Discretionary Free Cash Flow of ~$14 billion with a ~17% FCF CAGR over 2026–2030 and long-term Net Debt/EBITDA below 2.0x.
- Capital allocation priorities include ~$5 billion in dividends between 2026–2030 and capacity for share buybacks starting in 2027.
Feb 11, 2026, 11:32 AM
Smurfit Westrock announces Q4 and FY2025 results
SW
Earnings
Dividends
- In Q4 2025, Smurfit Westrock reported net sales of $7,580 m, net income of $98 m (1.3% margin), and adjusted EBITDA of $1,172 m (15.5% margin); net cash from operations was $1,195 m, adjusted free cash flow was $679 m, and the quarterly dividend was raised 5% to $0.4523/share.
- For FY 2025, the company delivered net sales of $31,179 m, net income of $699 m (2.2% margin), and adjusted EBITDA of $4,939 m (15.8% margin), with adjusted free cash flow of $1,501 m; it also exceeded its $400 m synergy target.
- Operationally, Smurfit Westrock closed approximately 600,000 tons of high-cost capacity and reduced headcount by over 3,000, reflecting its focus on portfolio optimization and efficiency.
Feb 11, 2026, 11:30 AM
Smurfit Westrock posts $7.58B Q4 revenue, cuts 3,000 jobs
SW
Earnings
Layoffs
Dividends
- Smurfit Westrock reported Q4 2025 revenue of $7.58 B, net income of $98 M, adjusted EBITDA of $1.172 B (15.5% margin), operating cash flow of ~$1.2 B and adjusted free cash flow of $679 M.
- For the full year, the group delivered $31.18 B in sales, achieved over $400 M in merger synergies and raised its quarterly dividend by 5%.
- Management implemented extensive cost and portfolio actions, including cutting over 3,000 jobs, closing roughly 600,000 tons of high-cost capacity and exiting loss-making activities.
- Analysts highlight a market capitalization of $23.9 B, a P/E ratio of ~31.99, P/S of 0.75, a current ratio of 1.48 and a debt-to-equity ratio of 0.77.
Feb 10, 2026, 6:21 PM
Smurfit Westrock closes La Tuque paper machine
SW
Layoffs
- Closing of the La Tuque paper machine (127,000 tons annual SBS capacity) due to scale and cost challenges.
- Shutting the Pointe-aux-Trembles extrusion plant, resulting in a workforce reduction of ~90 employees (30 at La Tuque, 60 at Pointe-aux-Trembles).
- Providing career transition support, relocation options and local departure allowances in line with company policy and union agreements.
- Decision supports strategy to strengthen the SBS portfolio and ensure long-term competitiveness in carton operations.
Feb 9, 2026, 9:30 PM
Smurfit Westrock announces closure of paper machine at La Tuque mill
SW
Layoffs
- Smurfit Westrock will permanently close a paper machine at its La Tuque, Quebec, mill, eliminating 127,000 tons of SBS capacity due to scale and cost challenges.
- The company will also shut its extrusion facility in Pointe-aux-Trembles, Quebec, which converts grades from the La Tuque machine.
- These closures will lead to a workforce reduction of approximately 30 employees at La Tuque and approximately 60 at Pointe-aux-Trembles, with severance and career support provided.
- The decision is intended to strengthen the SBS portfolio and ensure the long-term competitiveness of Smurfit Westrock’s paperboard operations.
Feb 9, 2026, 9:30 PM
Quarterly earnings call transcripts for Smurfit Westrock.
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