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Smurfit Westrock logoSmurfit Westrock SW

The company said Smurfit Kappa Group plc's net sales for Q2 2024 were $2,969 million, down $107 million (3%) from $3,076 million a year earlier, and net income fell from $267 million to $132 million.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary

  1. The company said Smurfit Kappa Group plc's net sales for Q2 2024 were $2,969 million, down $107 million (3%) from $3,076 million a year earlier, and net income fell from $267 million to $132 million.

  2. Smurfit Westrock said Smurfit Kappa Group plc's Adjusted EBITDA for Q2 2024 was $480 million, with an Adjusted EBITDA Margin of 16.2%, compared with $556 million and 18.1% for Q2 2023.

  3. The company said net cash provided by operating activities for Q2 2024 was $340 million, up $33 million (11%) from $307 million a year earlier. Free cash flow after capital expenditures of $177 million was $163 million, and Adjusted Free Cash Flow, excluding transaction costs of $23 million, was $186 million.

  4. The company said the Combination with WestRock Company was completed on July 5, after the end of the quarter, so its results for the Q2 did not include WestRock's results. It said combined results will be reported from Q3 2024.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q2 Net Sales $2,969 million, Net Income $132 million

The company said Smurfit Kappa Group plc's net sales for Q2 2024 were $2,969 million, down $107 million (3%) from $3,076 million a year earlier, and net income fell from $267 million to $132 million.

Source · Based on the filing body and exhibits

Adjusted EBITDA $480 million, Adjusted EBITDA Margin 16.2%

Smurfit Westrock said Smurfit Kappa Group plc's Adjusted EBITDA for Q2 2024 was $480 million, with an Adjusted EBITDA Margin of 16.2%, compared with $556 million and 18.1% for Q2 2023.

Source · Based on the filing body and exhibits

Q2 Operating Cash Flow $340 million, Adjusted Free Cash Flow $186 million

The company said net cash provided by operating activities for Q2 2024 was $340 million, up $33 million (11%) from $307 million a year earlier. Free cash flow after capital expenditures of $177 million was $163 million, and Adjusted Free Cash Flow, excluding transaction costs of $23 million, was $186 million.

Source · Based on the filing body and exhibits

Combination with WestRock completed after quarter end on July 5; results for Q2 exclude it

The company said the Combination with WestRock Company was completed on July 5, after the end of the quarter, so its results for the Q2 did not include WestRock's results. It said combined results will be reported from Q3 2024.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗
Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.