Smurfit Westrock Q1 EPS Misses by $0.08, Revenue Tops at $7.71B
SW•Smurfit Westrock reported Q1 adjusted EPS of $0.33, missing the $0.41 consensus, while revenue rose 0.7% to $7.71 billion, topping forecasts. Net income plunged to $63 million from $382 million, and adjusted EBITDA fell to $1.08 billion with a 14.0% margin, as $65 million of weather disruptions weighed on results.
1. Q1 Financial Results
Smurfit Westrock reported adjusted EPS of $0.33 for the quarter ended March 31, falling short of the $0.41 consensus, while revenue grew 0.7% year over year to $7.71 billion. Net income dropped to $63 million from $382 million a year earlier, and adjusted EBITDA declined to $1.08 billion, narrowing margins to 14.0%.
2. Weather Impact and Regional Performance
Operations were hit by approximately $65 million of weather-related disruptions, primarily in North America. In that region, adjusted EBITDA fell to $597 million from $785 million, with margins contracting to 13.3% from 16.8%, highlighting the impact of severe conditions.
3. Guidance and Dividend
The company forecasts Q2 adjusted EBITDA between $1.1 billion and $1.2 billion, up from $1.076 billion in Q1, and reaffirmed full-year EBITDA guidance of $5.0 billion to $5.3 billion. The board approved a quarterly dividend of $0.4523 per share, payable June 10 to shareholders of record on May 15.
4. Listing Review
As part of its strategic review, Smurfit Westrock is evaluating its listing on the London Stock Exchange, with a decision expected in May to determine its future capital markets presence.
