Smurfit Westrock plc reports a strong Q1 2025 performance with net income of $382 million, Adjusted EBITDA of $1,252 million, in-line with its stated guidance, and an Adjusted EBITDA margin of 16.4%. 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.
Q1 2025 net sales were $7,656 million.
Tony Smurfit, President and CEO, commented: “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. Comparable investments in EMEA & 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.
“Consistent with our disciplined operating approach and before we see the impact in our system of the announced closures, we expect to incur additional economic downtime in the second quarter costing approximately $100 million versus the Q1. While the demand outlook is uncertain, we expect Q2 Adjusted EBITDA3 to be approximately $1.2 billion and our current estimate for a full year Adjusted EBITDA3 is between $5.0 billion and $5.2 billion.
“Our progressive improvement together with a strong margin performance is a clear demonstration of the strength of Smurfit Westrock in a period characterised by significant volatility. 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.”
Smurfit Westrock is a leading provider of paper-based packaging solutions in the world.
