Smurfit Westrock has released the financial results for the fourth quarter and full year ended December 31, 2024. Key points include:
- Fourth quarter Net Sales of approximately $7.5 bn
- Fourth quarter Net Income of $146m, with a Net Income Margin of 1.9%
- Fourth quarter Adjusted EBITDA1 of $1,166 , with an Adjusted EBITDA Margin1 of 15.5%
- Full year Net Income of $319m
- Full Year Combined Adjusted EBITDA of $4.7 bn, in-line with guidance.
Tony Smurfit, President and CEO, commented, “I am pleased to report a strong fourth quarter performance. While we are at the beginning of our journey, I am proud of what our teams have achieved in our first six months as Smurfit Westrock. The operational and financial expertise that are hallmarks of this management team are already being applied as we transform the combined business.
“Our synergy program of $400m is on track and will be completed by the end of this year. Moreover, there are significant operational and commercial opportunities, at least equating to that synergy target.
“Smurfit Westrock with its scale, geographic reach and product portfolio has a capacity to deliver innovative sustainable packaging solutions. As a world leader in paper-based packaging, our characteristics will enable us to deliver significant long-term value to our extensive customer base.
“The year has started well and in the first quarter of 2025, assuming current market conditions prevail, we anticipate delivering an Adjusted EBITDA of approximately $1.25 bn. Smurfit Westrock is creating a performance-led culture and a formidable team. We are confident about the future opportunities and prospects for our business, in part reflected by our progressive dividend. For the current year, subject as always to macro-economic and climate risks, we expect continued and meaningful progress on our transformation journey.”
