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DUBLIN - On Wednesday, Smurfit Westrock plc (NYSE:SW, LSE: SWR) reported a second quarter net loss, missing analyst expectations despite slightly exceeding revenue forecasts.
The paper-based packaging provider’s shares fell 1.89% in pre-market trading after the earnings release.
The company posted a Q2 net loss of $26 million, resulting in a loss per share of -$0.05, falling significantly short of the analyst estimate of $0.59 per share. Revenue came in at $7.94 billion, slightly above the consensus estimate of $7.9 billion and representing a substantial increase from $2.97 billion in the same quarter last year, though this comparison reflects the combination with WestRock (NYSE:WRK) Company that closed in July 2024.
Adjusted EBITDA for the quarter was $1.21 billion with a margin of 15.3%, down from 16.2% in the same period last year. The company’s performance was negatively impacted by $280 million in costs associated with previously announced closures and restructuring actions.
"I am pleased to report a strong second quarter performance as we continue to deliver in line with our Adjusted EBITDA guidance," said Tony Smurfit, President and CEO. "This performance is driven by the significant improvement in our North American business and continued excellent results from our Latin American operations, somewhat offset by a resilient performance from our EMEA and APAC businesses."
The company’s North American segment showed improvement with an Adjusted EBITDA of $752 million and a margin of 15.8%, while Latin American operations delivered an Adjusted EBITDA of $123 million with a strong margin of 23.7%.
Looking ahead, Smurfit Westrock expects third quarter Adjusted EBITDA to be approximately $1.3 billion and maintained its full-year Adjusted EBITDA guidance of between $5.0 billion and $5.2 billion.
The company also declared a quarterly dividend of $0.4308 per ordinary share, payable on September 18, 2025, to shareholders of record as of August 15, 2025.
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