Smurfit Westrock Reports Second Quarter 2024 Financial Results
Smurfit WestRock plc Ordinary Shares (SW)
Company Research
Source: Business Wire
DUBLIN--(BUSINESS WIRE)--Smurfit Westrock plc (NYSE: SW, LSE: SWR) today announced the financial results for the second quarter ended June 30, 2024 of Smurfit Kappa Group plc. Due to the timing of the completion of the combination of Smurfit Kappa Group plc and WestRock Company, results for the combined company of Smurfit Westrock will be reported from the third quarter 2024.Key points:Net Sales of approx. $3.0 billionNet Income of $132 millionAdjusted EBITDA1 of $480 million, with an Adjusted EBITDA Margin1 of 16.2%Higher recovered fiber costs in the process of being recoveredPreviously announced quarterly dividend of $0.3025 per ordinary shareSmurfit Westrock listed on the NYSE and included in S&P 500Smurfit Westrock credit rating of BBB/BBB/Baa2 from S&P, Fitch and Moody’s respectivelySmurfit Kappa Group plc’s performance for the three months ended June 30, 2024 and 2023 (in millions): June 30, 2024 June 30, 2023Net Sales$2,969$3,076Net Income$132$267Adjusted EBITDA1$480$556Ad
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News
- Smurfit Westrock Announces ICSID Award in Dispute with VenezuelaBusiness Wire
- Smurfit Westrock Ltd (NYSE: SW) is now covered by analysts at Redburn Atlantic. They set a "buy" rating and a $60.00 price target on the stock.MarketBeat
- Smurfit Westrock Announces that one of its subsidiaries, WRKCo Inc., Makes Application to Cease to be a Reporting Issuer in Certain Canadian JurisdictionsBusiness Wire
- Smurfit Westrock Ltd (NYSE: SW) had its price target lowered by analysts at JPMorgan Chase & Co. from $66.00 to $65.00. They now have an "overweight" rating on the stock.MarketBeat
- Smurfit Westrock Ltd (NYSE: SW) had its "sector perform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $52.00 price target on the stock.MarketBeat
SW
Earnings
- 7/30/24 - Miss
SW
Sec Filings
- 8/6/24 - Form 4
- 8/6/24 - Form 4
- 8/6/24 - Form 4
- SW's page on the SEC website