Smurfit Westrock slips on Q1 earnings miss despite revenue beat

Fiona Craig

Thu, April 30, 2026 astatine 9:06 AM CDT 2 min read

Smurfit Westrock plc (NYSE:SW) reported first-quarter results connected Thursday that fell abbreviated of net expectations, adjacent arsenic gross came successful up of forecasts, sending shares down astir 6% successful premarket trading.

Adjusted net per stock were $0.33 for the 4th ended March 31, missing the expert statement of $0.41 by $0.08.

Revenue reached $7.71 billion, topping the $7.58 cardinal estimation and rising somewhat from $7.66 cardinal successful the aforesaid play past year, representing a 0.7% year-over-year increase.

Net income dropped sharply to $63 million, compared with $382 cardinal a twelvemonth earlier. Adjusted EBITDA declined to $1.08 cardinal from $1.25 billion, portion the borderline narrowed to 14.0% from 16.4%.

Performance was weighed down by astir $65 cardinal successful weather-related disruptions, chiefly impacting operations successful North America. In the region, adjusted EBITDA fell to $597 cardinal from $785 cardinal successful the anterior year, with margins declining to 13.3% from 16.8%.

“Against the backdrop of continued macro uncertainty we person delivered a coagulated archetypal 4th performance, generating an Adjusted EBITDA of $1,076 million,” said President and CEO Tony Smurfit.

Looking ahead, the institution expects second-quarter adjusted EBITDA to scope betwixt $1.1 cardinal and $1.2 billion, with the midpoint of $1.15 cardinal indicating a sequential betterment from the archetypal quarter.

Smurfit Westrock reaffirmed its full-year adjusted EBITDA guidance of $5.0 cardinal to $5.3 billion.

The committee besides approved a quarterly dividend of $0.4523 per share, payable June 10 to shareholders connected grounds arsenic of May 15.

Separately, the institution said it is reviewing its listing connected the London Stock Exchange, with a determination expected successful May.

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