How did Smurfit Westrock perform in the first quarter of 2026?

Net sales rose slightly to $7,712 million from $7,656 million. Net income declined to $63 million from $382 million, and Adjusted EBITDA fell to $1,076 million from $1,252 million, with management citing $65 million of impact from adverse weather, primarily in North America.

What is the company's outlook?

Management currently expects second-quarter 2026 Adjusted EBITDA of $1.1 billion to $1.2 billion, assuming current improved industry conditions persist. It re-affirmed full-year 2026 Adjusted EBITDA guidance of $5.0 billion to $5.3 billion and expects volume growth in the second half of the year.

What is the dividend and when is it paid?

The Board approved a quarterly dividend of $0.4523 per ordinary share, payable June 10, 2026 to shareholders of record at the close of business on May 15, 2026, with U.S. dollars as the default payment currency.

Why is the company reviewing its London listing?

The filing states that Smurfit Westrock is undertaking a review of its London Stock Exchange listing, which may result in delisting from the LSE. The review is anticipated to be completed during May 2026. The New York Stock Exchange primary listing is not within the scope of the review.

SW 8-K: Earnings & Results & Regulation FD

Q: How did the business segments perform?

North America Adjusted EBITDA fell to $597 million from $785 million, with margin of 13.3% versus 16.8%. Europe, MEA and APAC rose to $421 million from $389 million, with margin of 15.2% versus 15.1%. LATAM declined to $109 million from $115 million, with margin of 20.2% versus 22.5%.

01—Abstract

Summary

Summary of the 8-K filed April 30, 2026. Cited figures are marked; the original filing is the authoritative source.

Smurfit Westrock plc (NYSE: SW, LSE: SWR) reported first quarter 2026 results, furnished under Item 2.02 of this Form 8-K and detailed in Exhibit 99.1.

Net sales were $7,712 million^a versus $7,656 million in the prior-year quarter. Net income fell to $63 million from $382 million, with a net income margin of 0.8% compared with 5.0%. Adjusted EBITDA was $1,076 million, with a 14.0% margin, down from $1,252 million and 16.4%.

Management attributed $65 million^b of the quarter's net income and Adjusted EBITDA impact to adverse weather, primarily in North America. Basic EPS was $0.12 versus $0.74, and Adjusted Basic EPS was $0.33 versus $0.68. By segment, North America Adjusted EBITDA declined to $597 million from $785 million, while Europe, MEA and APAC rose to $421 million from $389 million and LATAM edged down to $109 million from $115 million.

Management said containerboard pricing rose a net $20^c per ton in the quarter, with a further $30 per ton increase implemented in April, and expects volume growth in the second half. For the second quarter, management currently expects Adjusted EBITDA of $1.1 billion to $1.2 billion, and it reaffirmed full-year 2026 Adjusted EBITDA guidance of $5.0 billion to $5.3 billion. The company also declared a quarterly dividend of $0.4523 per share, payable June 10, 2026 to holders of record on May 15, 2026.

It is reviewing its London Stock Exchange listing, which may result in delisting from the LSE; the NYSE primary listing is outside the review, and an outcome is anticipated in May 2026. Operating cash flow was $204 million^d and capital expenditures were $624 million in the quarter.

02—Key points

Key Highlights

Net sales of $7,712 million, up from $7,656 million in the first quarter of 2025.
Net income of $63 million (0.8% margin) versus $382 million (5.0% margin) a year earlier; basic EPS of $0.12 versus $0.74.
Adjusted EBITDA of $1,076 million (14.0% margin) versus $1,252 million (16.4% margin); adverse weather reduced results by $65 million, primarily in North America.
North America Adjusted EBITDA fell to $597 million from $785 million, while Europe, MEA and APAC rose to $421 million from $389 million.
Containerboard prices rose a net $20 per ton in the quarter, with a further $30 per ton increase implemented in April.
Guidance: Q2 2026 Adjusted EBITDA of $1.1 billion to $1.2 billion; full-year 2026 Adjusted EBITDA of $5.0 billion to $5.3 billion reaffirmed.
Quarterly dividend of $0.4523 per share declared; the company is reviewing its LSE listing, which may result in delisting from the LSE.

03—Questions

Frequently Asked Questions

How did Smurfit Westrock perform in the first quarter of 2026?
Net sales rose slightly to $7,712 million from $7,656 million. Net income declined to $63 million from $382 million, and Adjusted EBITDA fell to $1,076 million from $1,252 million, with management citing $65 million of impact from adverse weather, primarily in North America.
What is the company's outlook?
Management currently expects second-quarter 2026 Adjusted EBITDA of $1.1 billion to $1.2 billion, assuming current improved industry conditions persist. It re-affirmed full-year 2026 Adjusted EBITDA guidance of $5.0 billion to $5.3 billion and expects volume growth in the second half of the year.
What is the dividend and when is it paid?
The Board approved a quarterly dividend of $0.4523 per ordinary share, payable June 10, 2026 to shareholders of record at the close of business on May 15, 2026, with U.S. dollars as the default payment currency.
Why is the company reviewing its London listing?
The filing states that Smurfit Westrock is undertaking a review of its London Stock Exchange listing, which may result in delisting from the LSE. The review is anticipated to be completed during May 2026. The New York Stock Exchange primary listing is not within the scope of the review.
How did the business segments perform?
North America Adjusted EBITDA fell to $597 million from $785 million, with margin of 13.3% versus 16.8%. Europe, MEA and APAC rose to $421 million from $389 million, with margin of 15.2% versus 15.1%. LATAM declined to $109 million from $115 million, with margin of 20.2% versus 22.5%.

04—Continue

← View all 8-K filings