Smurfit Westrock plc · SW · FY2024 Q4 · Calendar Q1 2025

Smurfit Westrock: Synergies and capex support the outlook

The call supports a constructive but conditional view: demand for sustainable paper-based packaging and internal cost and commercial initiatives may support earnings, while execution, pricing, energy, maintenance, and tariff risks remain material.

Reported Before market openNYSEConsumer Cyclical $21.42B market cap
70quality score

Earnings scorecard

Reported versus consensus
Reported EPS — Consensus $0.67
EPS surprise — Reported versus consensus
Reported revenue — Consensus $7.38B
Revenue surprise — Reported versus consensus

Market reaction

prior-close to event-session close
Stock move -5.1% Event window
SPY move -0.3% Same window
Abnormal move -4.7% Stock minus SPY
Volume 2.4× Versus trailing sessions
Subsequent drift -14.7% Up to 20 sessions
SWSPY benchmark

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Transcript intelligence

What changed

Management emphasized stronger synergy opportunities, a higher investment program focused on growth and efficiency, and continued sustainable-packaging initiatives. The discussion also highlighted maintenance, energy, tariff, and margin risks that could affect delivery.

Guidance delta

Management maintained its guidance stance and remained confident in the operating plan.

Key takeaways

  • Management described strong quarter-end execution and said the synergy program remains on track.
  • The company is prioritizing plant upgrades, converting equipment, cost takeout, and sustainable packaging.
  • The main checks are synergy delivery, pricing and margin resilience, maintenance impacts, energy exposure, and tariffs.

Management priorities

  • Execute the synergy and Quick Win programs
  • Allocate capex to growth and efficiency projects
  • Expand sustainable packaging and digital design capabilities
  • Support deleveraging and the progressive dividend policy

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Earnings History

Estimate Beat Miss Match
SW REVENUE earnings history estimate and actual scatter chart 8 reported fiscal quarters and 3 future estimate-only quarters. Q4 '23 actual $6B, None Q1 '24 actual $3B, None Q3 '24 estimate $8B Q3 '24 actual $4B, miss Q2 '25 estimate $8B Q2 '25 actual $8B, match Q3 '25 estimate $8B Q3 '25 actual $8B, beat Q4 '25 estimate $8B Q4 '25 actual $8B, beat Q1 '26 estimate $8B Q1 '26 actual $8B, beat Q2 '26 estimate $8B Q2 '26 actual $8B, beat Q3 '26 estimate $8B Q4 '26 estimate $8B Q1 '27 estimate $8B

Analyst Consensus ?

ConsensusBuy11 ratings
Bullish11100.0%
Neutral00.0%
Bearish00.0%

Analyst 52W Price Targets

$40.84Previous close
$45Low
$60.8Average
$170High

Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 20, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
RBC Capital Outperform OutperformMaintainOct 16, 2026
Truist Securities Buy BuyMaintainOct 12, 2026
Citigroup Buy BuyMaintainOct 2, 2026
JP Morgan Overweight OverweightMaintainSep 23, 2026
Morgan Stanley Overweight OverweightMaintainAug 27, 2026
Show 6 more rating actions

Named analyst price targets

Upside is calculated against the persisted previous close $40.84. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
RBC CapitalAnalyst unavailable$55$42.04 +34.7%Oct 16, 2026
Morgan StanleyAnalyst unavailable$58$49.25 +42.0%Aug 27, 2026
NomuraAnalyst unavailable$170$50.02 +316.3%Aug 14, 2026
Seaport GlobalMark Weintraub$54$49.18 +32.2%Aug 12, 2026
RBC CapitalMatthew McKellar$60$47.63 +46.9%Jul 30, 2026
See 27 more

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Company context

Snapshot as of publication

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in North America, South America, Europe, Asia, Africa, Australia, and internationally. The company produces containerboard and paperboard; packaging of corrugated containers; consumer packaging; and offers solid board, kraft paper, and graphic board, as well as other packaging products, such as solidboard packaging, paper sacks and bag-in-box. It produces linerboard and corrugated medium and paperboard; and other paper-based packaging, such as folding cartons, inserts, labels and displays. The company primarily serves food and beverage, healthcare, beauty and personal care, garden, consumer goods, industrial, and foodservice markets. It markets its products through its own sales force, independent sales representatives, and independent distributors. Smurfit Westrock Plc was founded in 1934 and is headquartered in Dublin, Ireland.

Historical context

All SW earnings

Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2025-01-29T00:04:08.037886+00:00
  3. Polygon adjusted daily market bars · 2026-10-20T10:30:42.050820+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-20T10:30:42.048008+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-20. For educational purposes only; not investment advice.