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Smurfit Westrock 8-K Report, Financial Results (Jul 29, 2026)

Reports
Earnings & Results·Regulation FD·Exhibits & Filings
Filing Date
Filed July 29, 2026
Period End
July 29, 2026
Security
SW
In the record · 2024–202610-K210-Q98-K28

SW filed 2 annual reports (10-K), 9 quarterly reports (10-Q) and 28 current reports (8-K) between 2024 and 2026.

  1. Material agreement8-K · Sep ’24Sep ’24
  2. Impairment8-K · Apr ’25Apr ’25
  3. Leadership change8-K · Feb ’26Feb ’26

01—Abstract

Summary

Summary of the 8-K filed July 29, 2026. Cited figures are marked; the original filing is the authoritative source.

Smurfit Westrock plc (NYSE: SW) reported second quarter 2026 results on July 29, 2026, furnished under Item 2.02 of this Form 8-K.

Net sales were $8,031 milliona, up from $7,940 million in the prior-year quarter. Net income was $88 million (1.1% net income margin), compared with a net loss of $(26) million a year earlier. Adjusted EBITDA was $1,140 million with a 14.2% margin, versus $1,213 million (15.3%) in Q2 2025.

Management attributed the quarter's pressure to significantly higher input costs, particularly freight, while noting strong paper demand and an expectation of recovering input cost inflation through the second half of the year. By segment, North America posted Adjusted EBITDA of $704 millionb (14.8% margin) versus $752 million a year earlier, EMEA and APAC posted $380 million (13.4%), and LATAM posted $124 million (22.2%). Operating cash flow was $765 million, against $829 million in the prior-year quarter.

Cash and cash equivalents were $677 millionc at June 30, 2026, and current portion of debt rose to $931 million from $346 million at December 31, 2025. Looking ahead, the company expects third-quarter 2026 Adjusted EBITDA of approximately $1.3 billion and full-year 2026 Adjusted EBITDA of $4.9 billion to $5.1 billion.

The Board approved a quarterly dividend of $0.4523d per share, payable September 10, 2026 to holders of record on August 14, 2026. The presentation also outlines a Medium-Term Plan targeting Adjusted EBITDA of approximately $7 billion by 2030 and cumulative dividends of about $5 billion over 2026 to 2030.

02—Key points

Key Highlights

  1. Q2 2026 net sales of $8,031 million, up from $7,940 million; net income of $88 million versus a $(26) million net loss in Q2 2025.
  2. Adjusted EBITDA of $1,140 million (14.2% margin), down from $1,213 million (15.3% margin) a year earlier, as higher freight and energy costs weighed on results.
  3. North America Adjusted EBITDA fell to $704 million from $752 million, while EMEA and APAC rose to $380 million from $372 million and LATAM was $124 million versus $123 million.
  4. Guidance: Q3 2026 Adjusted EBITDA of approximately $1.3 billion and full-year 2026 Adjusted EBITDA of $4.9 billion to $5.1 billion.
  5. Quarterly dividend of $0.4523 per ordinary share, payable September 10, 2026 to shareholders of record on August 14, 2026.
  6. Operating cash flow of $765 million in Q2 2026 versus $829 million a year earlier; capital expenditures of $465 million.
  7. Presentation outlines a Medium-Term Plan targeting Adjusted EBITDA of approximately $7 billion by 2030 and roughly $5 billion of dividends over 2026 to 2030.

03—Questions

Frequently Asked Questions

  1. What drove the decline in second-quarter Adjusted EBITDA?

    Management said the quarter was impacted by significantly higher input costs, particularly freight. The company's bridge shows freight at about -$90 million and energy at about -$22 million in the 'other' column, partly offset by downtime and raw materials benefits.

  2. What is the company's outlook for the rest of 2026?

    The company expects third-quarter 2026 Adjusted EBITDA of approximately $1.3 billion and full-year 2026 Adjusted EBITDA of $4.9 billion to $5.1 billion. Management expects to recover input cost inflation through the second half of the year and beyond.

  3. How did the regional segments perform?

    North America Adjusted EBITDA was $704 million with a 14.8% margin, down from $752 million. EMEA and APAC was $380 million (13.4% margin), and LATAM was $124 million (22.2% margin).

  4. What dividend did the Board approve?

    The Board approved a quarterly dividend of $0.4523 per ordinary share, payable September 10, 2026 to shareholders of record at the close of business on August 14, 2026.

  5. What is the Medium-Term Plan?

    The presentation targets Adjusted EBITDA of approximately $7 billion by 2030, a margin expansion of about 300 basis points from 2026 to 2030, cumulative discretionary free cash flow of about $14 billion for 2026 to 2030, and about $5 billion in dividends over that period. These goals are aspirational forward-looking statements.

04—Continue

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