Smurfit Westrock Announces Third Quarter Financial Results and Hosts Conference Call

Smurfit Westrock plc, an Ireland-based company known for its expertise in paper and packaging solutions, recently released its financial results for the third quarter ending September 30, 2024. The company’s press release detailed its performance during this period. Notably, these results do not incorporate the legacy WestRock company’s data for the first five days of July due to the merger completion with Smurfit Kappa Group plc on July 5, 2024.

The information disclosed in the report falls under Item 2.02 of the filing, specifying the outcomes of operations and financial condition. The press release with the comprehensive financial details for the period is available as Exhibit 99.1, referencing the completion of the merger between Smurfit Kappa Group plc and WestRock Company.

Item 7.01 of the filing talks about Regulation FD Disclosure. As per this segment, Smurfit Westrock plc is set to host a conference call on October 30, 2024. During this event, the company plans to discuss the financial results for the mentioned quarter. The presentation slated for use during the call can be found in Exhibit 99.2 of the filing.

Further information has been categorized under Item 9.01 of the filing, which covers Financial Statements and Exhibits. The financial highlights for the quarter are specified, including net sales figures of $7.671 billion, Adjusted EBITDA amounting to $1.265 billion, and an Adjusted EBITDA Margin of 16.5%.

The company’s non-GAAP financial measures, such as Adjusted EBITDA, Adjusted EBITDA Margin, and Adjusted Free Cash Flow, play a vital role in assessing its performance. These metrics are used by management for making financial decisions, evaluating operations, and reviewing company performance.

Moreover, the company emphasizes disciplined capital allocation as the cornerstone of its success, aiming to create value for shareholders through strategic investment and returns-based approaches.

As part of Smurfit Westrock’s ongoing commitment to transparency and accountability, the company will continue to provide updates and insights into its financial performance and long-term strategies.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Smurfit Westrock’s 8K filing here.

Smurfit Westrock Company Profile

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.