Smurfit Westrock Reports Lower First-Quarter Profit Amid Weather Impacts

Smurfit Westrock reported net sales of $7.71 billion for the first quarter ended March 31, 2026, with net income of $63 million, down from $382 million in the same period last year.

Adjusted EBITDA for the quarter totaled $1.08 billion, compared with $1.25 billion a year earlier, while the adjusted EBITDA margin declined to 14.0% from 16.4%. Net cash provided by operating activities was $204 million.

The company said results were negatively impacted by $65 million due to adverse weather events, primarily affecting its North American operations.

By region, North America generated $4.41 billion in revenue, down from $4.58 billion a year earlier, with adjusted EBITDA of $597 million. Europe, Middle East, Africa and Asia-Pacific reported revenue of $2.77 billion, up from $2.58 billion, while Latin America contributed $540 million in revenue.

President and CEO Tony Smurfit said demand improved progressively during the quarter, with containerboard pricing increasing by $20 per ton and further increases implemented in April. He added that corrugated volumes met expectations and that more than 600 new customers were onboarded during the period.

Smurfit Westrock said it expects second-quarter adjusted EBITDA of $1.1 billion to $1.2 billion and reaffirmed its full-year outlook of $5.0 billion to $5.3 billion.

The company also announced a quarterly dividend of $0.4523 per share and said it is reviewing its listing on the London Stock Exchange, with a decision expected in May 2026.