Smurfit Westrock Reports Q4 Earnings Miss
DUBLIN, Ireland - Smurfit Westrock Plc (SW) announced a net income of $146 million for the fourth quarter on Wednesday. The company reported earnings of 28 cents per share, while adjusted earnings excluding one-time costs stood at 34 cents per share. This result missed analysts' expectations, with the average estimate of four analysts polled by Zacks Investment Research projecting earnings of 68 cents per share.
Revenue during the quarter was recorded at $7.54 billion, also falling short of Wall Street estimates. Four analysts surveyed by Zacks anticipated revenue of $7.8 billion. For the full year, Smurfit Westrock reported a profit of $319 million, or 82 cents per share, on revenue of $21.11 billion.