Smurfit Westrock said net sales for 2024 were $21,109 million, an increase of $9,016 million from $12,093 million in the prior year. The company cited the impact of the WestRock acquisition of $9,381 million as a factor for the increase and said that excluding the acquisition, net sales decreased by $365 million.

1. 01

   Smurfit Westrock said net sales for 2024 were $21,109 million, an increase of $9,016 million from $12,093 million in the prior year. The company cited the impact of the WestRock acquisition of $9,381 million as a factor for the increase and said that excluding the acquisition, net sales decreased by $365 million.

2. 02

   Smurfit Westrock said net income attributable to common shareholders for 2024 was $319 million, a decrease of $506 million from $825 million in the prior year. The company cited as key factors an increase of $317 million in transaction and integration-related expenses associated with the Combination, an increase of $259 million in net interest expense, and a charge of $224 million for amortization of the fair value step up on inventory.

3. 03

   Smurfit Westrock said net cash provided by operating activities for 2024 was $1,483 million, a decrease of $76 million from $1,559 million in the prior year. During the period, the company invested $1,466 million in capital expenditures, paid $719 million in cash for purchase of businesses, net of cash acquired, and paid $650 million in cash dividends to shareholders. The company's net cash inflow from changes in debt was $1,367 million.

4. 04

   As of December 31, 2024, Smurfit Westrock said it held cash and cash equivalents of $855 million and had $5,079 million in undrawn committed facilities, for a total of $5,934 million in available liquidity. As of the same date, the company had debt of $13,658 million, excluding debt issuance costs, of which $1,053 million was current, due within 1 year.

Key figures

Fiscal year ended December 31, 2024

Revenue

$21.1B

Operating income

$1.0B

Net income

$319M

EPS

$0.82

Gross profit

$4.2B

Operating cash flow

$1.5B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). 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.