Smurfit Westrock Q3 sales rise to $8.2 billion, profit falls

Smurfit Westrock plc (SW) said on Oct. 28 that third-quarter net sales rose to $8,161 million, while net income fell to $219 million. The paper-based packaging company reported the results in a press release attached to a filing with the Securities and Exchange Commission.

Here's how the company did:

• Net sales: $8,161 million vs. $8,003 million a year earlier
• Net income: $219 million vs. $245 million a year earlier
• Basic EPS: 42 cents vs. 47 cents a year earlier
• Adjusted basic EPS: 45 cents vs. 58 cents a year earlier
• Adjusted EBITDA: $1,205 million vs. $1,302 million a year earlier

Adjusted EBITDA margin was 14.8%, against 16.3% a year earlier. Net cash provided by operating activities was $874 million, against $1,133 million.

The North America segment reported Adjusted EBITDA of $760 million, against $810 million a year earlier. The Europe, MEA and APAC segment reported $379 million, against $419 million. The Latin America segment reported $126 million, against $116 million.

The company said it now estimates full-year 2026 Adjusted EBITDA of approximately $4.7 billion. It attributed the outlook mainly to cost inflation, and said it expects to absorb about $700 million of additional freight and energy costs for the full year.

President and CEO Tony Smurfit said: "We have, and are, implementing price increases to more than offset these costs, the full benefits of which we expect to realize into 2027."

During the quarter, the company announced its agreement to acquire the containerboard assets of CMPC in Chile. The release does not give the terms of that deal.

The board approved a quarterly dividend of 45.23 cents per share, payable Dec. 10 to shareholders of record at the close of business on Nov. 13.

Management will host an earnings conference call at 7:30 a.m. ET.