Smurfit Westrock Declared Robust Q4 and Full Year 2024 Results

SEATTLE (Scrap Monster):  Financial figures for the fourth quarter and the entire year ended December 31, 2024, were released by Smurfit Westrock plc.

A news release from the corporation stated that net revenues for the fourth quarter came to almost $7.5 billion. It declared $146 million in net income with a 1.9% net income margin. With an adjusted EBITDA margin of 15.5%, the company's adjusted EBITDA came to $1,166 million. Additionally, the net income for the entire year was $319 million. The $4.7 million adjusted EBITDA for the entire year was consistent with the previously mentioned expectations. For the entire year, the net income margin was 1.5%.

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The corporation announced a quarterly dividend that was 42% greater than the preceding distribution, at $0.4308 per ordinary share.

Speaking on the outcomes, President and CEO Tony Smurfit expressed his pride in the teams' accomplishments throughout the first half of Smurfit Westrock's existence. It is anticipated that the company's $400 million synergy initiative would be finished by the end of this year. He went on to say that its product line has an unmatched ability to provide creative, environmentally friendly packaging options.

In the first quarter of 2025, Smurfit Westrock anticipates delivering adjusted EBITDA of about $1.25 billion.