Smurfit Westrock plc
Business
Smurfit Westrock is a global leader in sustainable, paper-based packaging created through the July 2024 combination of Smurfit Kappa and WestRock. It manufactures containerboard, corrugated containers, consumer packaging (folding cartons, labels), solidboard, kraft paper, and bag-in-box products through vertically integrated operations spanning mills, converting plants, and distribution. The company operates across North America, Europe, the Middle East, Africa, Asia-Pacific, and Latin America, with facilities in approximately 40 countries.
Summary from 10-K filed 2026-02-27
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|
| Net sales | 21,109 | 12,093 | 13,509 | |
| Cost of goods sold | −16,914 | −9,039 | −10,237 | |
| Gross profit | 4,195 | 3,054 | 3,272 | |
| Selling, general and administrative expenses | −2,793 | −1,604 | −1,543 | |
| Goodwill impairment | 0 | 0 | −12 | |
| Impairment of other assets | 0 | 0 | −159 | |
| Transaction and integration-related expenses associated with the Combination | −395 | −78 | 0 | |
| Operating profit | 1,007 | 1,372 | 1,558 | |
| Pension and other postretirement non-service expense, net | −24 | −49 | −8 | |
| Interest expense, net | −398 | −139 | −139 | |
| Other (expense) income, net | −25 | −46 | 15 | |
| Income before income taxes | 560 | 1,138 | 1,426 | |
| Income tax expense | −241 | −312 | −391 | |
| Net income | 319 | 826 | 1,035 | |
| Less: Net income attributable to noncontrolling interests | 0 | −1 | −1 | |
| Net income attributable to common shareholders | 319 | 825 | 1,034 | |
| Basic earnings per share attributable to common shareholders (in USD per share) | 0.83 | 3.19 | 4 | |
| Diluted earnings per share attributable to common shareholders (in USD per share) | 0.82 | 3.17 | 3.96 |
Consolidated Balance Sheet
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents (amounts related to consolidated variable interest entities of $2 million and $3 million at December 31, 2024 and December 31, 2023, respectively) | 855 | 1,000 | — | — | |
| Accounts receivable, net (amounts related to consolidated variable interest entities of $767 million and $816 million at December 31, 2024 and December 31, 2023, respectively) | 4,117 | 1,806 | — | — | |
| Inventories | 3,550 | 1,203 | — | — | |
| Other current assets | 1,533 | 561 | — | — | |
| Total current assets | 10,055 | 4,570 | — | — | |
| Property, plant and equipment, net | 22,675 | 5,791 | — | — | |
| Goodwill | 6,822 | 2,842 | 2,722 | — | |
| Intangibles, net | 1,117 | 218 | — | — | |
| Prepaid pension asset | 635 | 29 | — | — | |
| Other non-current assets (amounts related to consolidated variable interest entities of $389 million and $ million at December 31, 2024 and December 31, 2023, respectively) | 2,455 | 601 | — | — | |
| Total assets | 43,759 | 14,051 | — | — | |
| Accounts payable | 3,290 | 1,728 | — | — | |
| Accrued expenses | 715 | 278 | — | — | |
| Accrued compensation and benefits | 882 | 438 | — | — | |
| Current portion of debt | 1,053 | 78 | — | — | |
| Other current liabilities | 1,393 | 484 | — | — | |
| Total current liabilities | 7,333 | 3,006 | — | — | |
| Non-current debt due after one year | 12,542 | 3,669 | — | — | |
| Deferred tax liabilities | 3,600 | 280 | — | — | |
| Pension liabilities and other postretirement benefits, net of current portion | 706 | 537 | — | — | |
| Other non-current liabilities (amounts related to consolidated variable interest entities of $335 million and $ million at December 31, 2024 and December 31, 2023, respectively) | 2,191 | 385 | — | — | |
| Total liabilities | 26,372 | 7,877 | — | — | |
| Commitments and Contingencies (Note 21) | — | — | — | — | |
| Preferred stock; $0.001 par value; 500,000,000 and Nil shares authorized; 10,000 and Nil shares outstanding at December 31, 2024 and December 31, 2023, respectively | 0 | 0 | — | — | |
| Common stock; $0.001 par value; 9,500,000,000 and 9,910,931,085 shares authorized; 520,444,261 and 260,354,342 shares outstanding at December 31, 2024 and December 31, 2023, respectively | 1 | 0 | — | — | |
| Deferred shares, 1 par value; 25,000 shares and 25,000 shares authorized; 25,000 and 100 shares outstanding at December 31, 2024 and December 31, 2023, respectively | 0 | 0 | — | — | |
| Treasury stock, at cost (2,037,589, and 1,907,129 common stock at December 31, 2024 and December 31, 2023 respectively) | −93 | −91 | — | — | |
| Capital in excess of par value | 15,948 | 3,575 | — | — | |
| Accumulated other comprehensive loss | −1,446 | −847 | — | — | |
| Retained earnings | 2,950 | 3,521 | — | — | |
| Total shareholders equity | 17,360 | 6,158 | — | — | |
| Noncontrolling interests | 27 | 16 | — | — | |
| Total equity | 17,387 | 6,174 | 5,343 | 4,929 | |
| Total liabilities and equity | 43,759 | 14,051 | — | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|
| Depreciation, depletion and amortization | 1,464 | 580 | 564 | |
| Cash surrender value increase in excess of premiums paid | −17 | 0 | 0 | |
| Impairment charges on assets other than goodwill | 24 | 5 | 109 | |
| Share-based compensation expense | 206 | 66 | 68 | |
| Deferred income tax (benefit) expense | −137 | −28 | 41 | |
| Pension and other postretirement funding more than cost | −55 | −39 | −61 | |
| Other | 28 | −10 | −18 | |
| Accounts receivable | −144 | 245 | −91 | |
| Inventories | 62 | 220 | −209 | |
| Other assets | −31 | 43 | −116 | |
| Accounts payable | −273 | −260 | −33 | |
| Income taxes | −5 | −99 | 53 | |
| Accrued liabilities and other | 42 | 10 | 79 | |
| Net cash provided by operating activities | 1,483 | 1,559 | 1,433 | |
| Capital expenditures | −1,466 | −929 | −930 | |
| Cash paid for purchase of businesses, net of cash acquired | −719 | −29 | −93 | |
| Proceeds from corporate owned life insurance | 5 | 0 | 0 | |
| Proceeds from sale of property, plant and equipment | 61 | 17 | 13 | |
| Deferred consideration paid | −1 | −4 | −15 | |
| Other | 6 | 14 | 5 | |
| Net cash used for investing activities | −2,114 | −931 | −1,020 | |
| Additions to debt | 5,707 | 88 | 52 | |
| Repayments of debt | −4,321 | −136 | −56 | |
| Debt issuance costs | −63 | 0 | 0 | |
| Changes in commercial paper, net | 1 | 0 | 0 | |
| Other debt additions (repayments), net | 2 | −4 | 0 | |
| Repayments of finance lease liabilities | −22 | −3 | −3 | |
| Tax paid in connection with shares withheld from employees | −26 | 0 | 0 | |
| Purchases of treasury stock | −27 | −30 | −32 | |
| Share buyback | 0 | 0 | −42 | |
| Cash dividends paid to shareholders | −650 | −391 | −349 | |
| Other | 6 | −3 | −1 | |
| Net cash provided by (used for) financing activities | 607 | −479 | −431 | |
| Effect of exchange rate changes on cash and cash equivalents | −121 | 10 | −126 | |
| (Decrease) Increase in cash and cash equivalents | −145 | 159 | −144 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Smurfit Westrock plc's CIK number?
Smurfit Westrock plc's SEC CIK number is 0002005951 (2005951). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Smurfit Westrock plc's SEC filings?
All of Smurfit Westrock plc's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Smurfit Westrock plc last report earnings?
Smurfit Westrock plc (SW) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-052046). This is Smurfit Westrock plc's most recent earnings filing of record — not a forecast of its next earnings date.
What is Smurfit Westrock plc's most recent earnings 8-K?
Smurfit Westrock plc's latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001104659-26-052046. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Smurfit Westrock plc's latest earnings 8-K →
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