The company said net sales for Q1 2026 rose to $7,712 million from $7,656 million a year earlier, an increase of $56 million. Smurfit Westrock said net income attributable to common shareholders fell by $319 million, citing higher cost of goods sold and accelerated depreciation for machine closures as factors.

1. 01

   The company said net sales for Q1 2026 rose to $7,712 million from $7,656 million a year earlier, an increase of $56 million. Smurfit Westrock said net income attributable to common shareholders fell by $319 million, citing higher cost of goods sold and accelerated depreciation for machine closures as factors.

2. 02

   Smurfit Westrock said cost of goods sold for Q1 2026 rose to $6,444 million, an increase of $365 million. The company cited a net negative foreign currency impact of $277 million, economic downtime of $74 million, accelerated depreciation of $70 million, adverse weather of $65 million and higher freight costs of $48 million as factors. It said these were partly offset by lower volumes of $208 million.

3. 03

   The company said Adjusted EBITDA for the North America segment fell by $188 million, to $597 million for Q1 2026. It said Adjusted EBITDA for the Europe, MEA and APAC segment rose by $32 million to $421 million, and Adjusted EBITDA for the LATAM segment fell by $6 million to $109 million.

4. 04

   Smurfit Westrock said net cash provided by operating activities was $204 million in Q1 2026, capital expenditures were $624 million, and it paid cash dividends of $237 million. The company said its cash and cash equivalents were $674 million, total debt was $14,255 million, and available liquidity was $5,337 million as of March 31, 2026.

Key figures

Quarter ended March 31, 2026

Revenue

$7.7B

Operating income

$253M

Net income

$65M

EPS

$0.12

Gross profit

$1.3B

Operating cash flow

$204M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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.