Smurfit Westrock reported a strong financial performance in Q2 with significant improvements in North America and Latin America, alongside successful synergy program execution. However, challenges in the European market, volume declines, and ongoing loss-making contracts pose concerns. The uncertain economic environment and tariffs also contribute to a cautious outlook.

Company Guidance -

Q3 2025

During the Smurfit Westrock 2025 Q2 earnings call, the company highlighted several key metrics indicating a strong performance in line with their guidance. They reported an adjusted EBITDA of $1,213 million, with an adjusted EBITDA margin of 15.3%. Net sales for the quarter were over $7.9 billion, and the company achieved a robust adjusted free cash flow of $387 million. The North American segment delivered net sales of $4.8 billion and an adjusted EBITDA of $752 million, while the EMEA and APAC segment achieved net sales of $2.8 billion with an adjusted EBITDA margin of 13.4%. The Latin American operations performed exceptionally well with an adjusted EBITDA margin exceeding 23%. Additionally, Smurfit Westrock's long-term debt was upgraded to BBB+ by Fitch, reflecting confidence in the company's quality and future prospects. The company also noted progress on its synergy program, targeting $400 million of synergies by the end of 2025, and identified further opportunities for operational and commercial improvements. Looking ahead, they provided third-quarter adjusted EBITDA guidance of approximately $1.3 billion, maintaining their full-year guidance between $5 billion and $5.2 billion.

Strong Q2 Financial Performance

Smurfit Westrock reported adjusted EBITDA of $1,213 million with an adjusted EBITDA margin of 15.3% and net sales over $7.9 billion, marking mid-single-digit growth compared to the same period last year.

North American Business Improvement

Significant operational improvements in North America with adjusted EBITDA of $752 million and an adjusted EBITDA margin of 15.8% due to higher selling prices and synergy program benefits.

Latin American Margin Performance

Outstanding performance in Latin America with an adjusted EBITDA margin of over 23%, despite a slight decrease in corrugated box volumes.

Synergy Program Success

The company is on track to deliver $400 million in synergies by the end of 2025 and has identified an additional $400 million in opportunities.

Fitch Credit Rating Upgrade

Fitch upgraded Smurfit Westrock's long-term debt to BBB+ with a stable outlook, reflecting confidence in the company's business quality and prospects.

Smurfit Westrock (SW) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SW Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.73 / -	-0.3	―	―	―
Jul 30, 2025	2025 (Q2)	0.59 / -0.05	0.589	-108.49% (-0.64)
May 01, 2025	2025 (Q1)	0.67 / 0.73	0.553	32.01% (+0.18)
Feb 12, 2025	2024 (Q4)	0.65 / 0.28	1.182	-76.31% (-0.90)
Oct 30, 2024	2024 (Q3)	0.73 / -0.30	0.914	-132.82% (-1.21)
Jul 30, 2024	2024 (Q2)	0.75 / 0.59	2.155	-72.67% (-1.57)
Feb 07, 2024	2023 (Q4)	- / 1.18	2.383	-50.40% (-1.20)
Aug 02, 2023	2023 (Q2)	- / 2.15	2.236	-3.62% (-0.08)
Feb 08, 2023	2022 (Q4)	1.58 / 2.38	1.697	40.42% (+0.69)	―	―
Jul 27, 2022	2022 (Q2)	1.92 / 2.24	1.406	59.03% (+0.83)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SW Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$47.72	$46.89	-1.74%
May 01, 2025	$41.22	$39.70	-3.69%
Feb 12, 2025	$52.20	$49.57	-5.04%
Oct 30, 2024	$43.25	$48.44	+12.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Smurfit Westrock (SW) report earnings?

Smurfit Westrock (SW) is schdueled to report earning on Oct 29, 2025, Before Open (Confirmed).

What is Smurfit Westrock (SW) earnings time?

Smurfit Westrock (SW) earnings time is at Oct 29, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SW EPS forecast?

SW EPS forecast for the fiscal quarter 2025 (Q3) is 0.73.

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