"I am pleased to report a strong second quarter performance as we continue to deliver in line with our Adjusted EBITDA guidance." – Tony Smurfit, President and CEO, Smurfit Westrock.
July 30, 2025 - Smurfit Westrock plc today announced the financial results for the second quarter ended June 30, 2025.
Tony Smurfit, President and CEO, commented:
"I am pleased to report a strong second quarter performance as we continue to deliver in line with our Adjusted EBITDA guidance. This performance is driven by the significant improvement in our North American business and continued excellent results from our Latin American operations, somewhat offset by a resilient performance from our EMEA and APAC businesses.
"As a result of costs associated with the previously announced closures and other restructuring actions totaling $280 million, the Net Loss was $26 million for the quarter. Our Adjusted EBITDA was $1,213 million, with an Adjusted EBITDA margin of 15.3%.
"While at the early stages of our journey, I am pleased to deliver a significant improvement in our North American operations, with an Adjusted EBITDA of $752 million and an Adjusted EBITDA margin of 15.8% for the quarter, as a result of our sharper operating focus and the benefit of our synergy program.
"In our EMEA and APAC operations, Adjusted EBITDA was $372 million and Adjusted EBITDA margin was 13.4% for the quarter. Against a challenging European backdrop, we believe we continue to outperform the industry due to our customer centric approach and leadership in innovation and sustainability.
"Our Latin American operations, which reported an Adjusted EBITDA of $123 million and a 23.7% Adjusted EBITDA margin for the quarter, continue to benefit from strong market positions and improvement in our performance across the region.
"With our geographic reach, unrivalled product portfolio and most importantly our people, we see extensive opportunities across all our regions. In North America, we believe the implementation of our operating model will drive continued significant improvement. In our EMEA and APAC region, we have a well invested asset base and strong market positions, primed to take advantage of an improved demand environment. Latin America remains a region of substantial growth opportunities, both organic and inorganic.
"I am increasingly excited about the performance and prospects of the business and assuming the current conditions prevail, we expect third quarter Adjusted EBITDA3 to be approximately $1.3 billion and our current estimate for a full year Adjusted EBITDA3 remains between $5.0 billion and $5.2 billion."
Smurfit Westrock (NYSE: SW, LSE: SWR) is a leading provider of paper-based packaging solutions in the world, with approximately 100,000 employees across 40 countries.
SOURCE: Smurfit Westrock