Smurfit Kappa's net sales for the 3 months ended June 30, 2024 fell 3.5% year over year to $2,969 million from $3,076 million, the company said, and net income attributable to common stockholders dropped 50.0% from $267 million to $132 million.

1. 01

   Smurfit Kappa's net sales for the 3 months ended June 30, 2024 fell 3.5% year over year to $2,969 million from $3,076 million, the company said, and net income attributable to common stockholders dropped 50.0% from $267 million to $132 million.

2. 02

   The company said Smurfit Kappa had $6,478 million in debt as of June 30, 2024, of which $387 million was current, and cash and cash equivalents of $3,325 million.

3. 03

   Smurfit Kappa's net cash provided by operating activities for the 6 months ended June 30, 2024 was $382 million, down from $570 million a year earlier, the company said, and net cash from financing activities was $2,382 million.

4. 04

   The company said the Combination of Smurfit Kappa and WestRock was completed on July 5, 2024. Each WestRock common share was converted into the right to receive 1 Smurfit Westrock share(s) and $5.00 in cash, for total cash consideration of $1,291 million.

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Original filing

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