Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
Investing.com - Smurfit Westrock (NYSE:WRK) Plc (NYSE:SW) reported first quarter earnings that surpassed analyst expectations, while revenue fell short of estimates.
The global packaging company posted adjusted earnings per share of $0.73, beating the consensus estimate of $0.68 by $0.05.
Revenue for the quarter came in at $7.66 billion, missing the analyst forecast of $7.78 billion. The company did not provide a YoY revenue comparison.
Smurfit Westrock reported net income of $382 million for the quarter, with a net income margin of 5.0%. Adjusted EBITDA was $1.252 billion, representing an adjusted EBITDA margin of 16.4%.
Tony Smurfit, President and CEO, commented on the results: "I am pleased to report a strong first quarter performance with Net Income of $382 million, Adjusted EBITDA of $1,252 million, in-line with our stated guidance, and an Adjusted EBITDA margin of 16.4%."
The company expects second quarter adjusted EBITDA to be approximately $1.2 billion. For the full year, Smurfit Westrock estimates adjusted EBITDA between $5.0 billion and $5.2 billion.
Smurfit Westrock also announced a quarterly dividend of $0.4308 per ordinary share, payable on June 18, 2025, to shareholders of record as of May 16, 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.