Smurfit Westrock Reports 1Q 2025 Results

Smurfit Westrock plc announced the financial results for the first quarter ended March 31, 2025.

First quarter net sales were $7,656 million, with first quarter net income of $382 million and a net income margin of 5%. First quarter adjusted EBITDA was $1,252 million, with an adjusted EBITDA margin of 16.4%.

“I am pleased to report a strong first quarter performance with net income of $382 million, adjusted EBITDA of $1,252 million, in line with our stated guidance, and an adjusted EBITDA margin of 16.4%,” said Tony Smurfit, president and CEO. “This performance was driven by good results across all three segments, with notable progress in North America, and is significantly ahead of the combined result for the prior year.

“I am especially pleased with how well the combination has come together, with strong operational and cultural integration taking place across all three regions,” added Smurfit. “Coupled with our geographic footprint and our unrivaled portfolio of innovative and sustainable packaging solutions, we have a customer-focused and performance-driven team that is delivering for all stakeholders.

“Our synergy program is on track to deliver $400 million, with approximately $350 million in the current year,” he notyd. “We believe there is substantial opportunity to continue to structurally improve the business through a sharper commercial and operational focus, at least equal to our synergy target.

“To consolidate our leadership position and better support our customers, we have constructed two state-of-the-art converting plants in Washington and Wisconsin and are completing a new Bag-in-Box facility in South Carolina in our North American region< “ Smurfit noted. “Comparable investments in EMEA and APAC, in high-performing converting equipment, will reduce our cost base and strengthen our overall footprint in the region while in Latin America, we continue to invest in cost take-out and growth projects, for example, the biomass boiler in Colombia which is nearing completion. “

“Our progressive improvement together with a strong margin performance is a clear demonstration of the strength of Smurfit Westrock in a period characterized by significant volatility,” Smurfit concluded. “As the global leader, with leading market positions across many of the 40 countries in which we operate, we continue to see significant opportunity for growth, development and cost take out. We believe that the actions we have taken, and continue to take, will translate to superior operating and financial performance for Smurfit Westrock.”