Core Insights - Smurfit Westrock PLC (SW) is set to report its second-quarter 2025 results on July 30, 2025, before market open [1] - The company was formed by the merger of Smurfit Kappa and WestRock on July 5, 2024, and began reporting combined results from Q3 2024 [1] Financial Estimates - The Zacks Consensus Estimate for SW's Q2 2025 revenues is $7.92 billion, reflecting a 3.5% growth from Q1 2025 [2] - The earnings per share (EPS) estimate is 57 cents, indicating a decline from 73 cents in the previous quarter [2] - The consensus for earnings has increased by 9.5% over the past 60 days [2] Segment Performance - The Europe, MEA, and APAC segment is projected to generate revenues of $2.83 billion in Q2 2025, up from $2.58 billion in Q1 2025 [5] - The North America segment's revenue estimate is $4.62 billion, down from $4.67 billion in Q1 2025, with an adjusted EBITDA estimate of $753 million, a decrease from $785 million [6] - The LATAM segment's revenue estimate is $497 million, down from $513 million, while adjusted EBITDA is expected to rise to $124 million from $115 million [7] Market Dynamics - Demand for corrugated packaging and containerboard remains stable, driven by essential items like food and beverages, as well as e-commerce growth [4] - Increased costs for recovered fiber, labor, and distribution, particularly in Europe, are anticipated to pressure margins [4] - The company expects an adjusted EBITDA of $1.2 billion for Q2 2025 [4] Stock Performance - Smurfit Westrock's shares have increased by 3.8% over the past year, compared to the industry's growth of 28.8% [9]

The market expects Smurfit Westrock (SW) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The consensus EPS estimate for the quarter has been revised 0.32% lower over the last 30 days to the current level. This is essent ...

Group 1 - Sodexo is a global leader in sustainable food and valued experiences, founded in 1966 in Marseille by Pierre Bellon [2] - The company operates in two main sectors: Food and Facilities Management Services, aiming to improve quality of life and contribute to social and environmental progress [2] - As of June 30, 2025, Sodexo's market capitalization was €7.7 billion [7] Group 2 - For the first semester of 2025, Sodexo traded 412,920 shares for €26,508,699 and sold 353,779 shares for €22,872,331 [1] - As of December 31, 2024, the liquidity account had bought 359,601 shares for €28,862,832 and sold 363,244 shares for €29,334,581 [1] - The company had 423,000 employees as of August 31, 2024, and served 80 million consumers daily [7]

Company Overview - Sodexo, founded in 1966 in Marseille by Pierre Bellon, is a global leader in sustainable food and valued experiences across various life moments [3] - The company operates with a dual focus on improving the quality of life for employees and consumers while contributing to economic, social, and environmental progress [3] - Sodexo is recognized for its independence, family shareholding, and responsible business model, and is included in several indices such as CAC Next 20 and FTSE 4 Good [3] Key Financial Figures - For fiscal 2024, Sodexo reported consolidated revenues of 23.8 billion euros [6] - As of August 31, 2024, the company employed 423,000 individuals, making it the largest private employer based in France [6] - Sodexo operates in 45 countries and serves approximately 80 million consumers daily [6] - The market capitalization of Sodexo was 7.7 billion euros as of June 30, 2025 [6] Voting Rights Information - All shares of Sodexo have the same voting rights, except for treasury shares which do not have voting rights and registered shares held for more than four years, which have double voting rights [1] - The theoretical voting rights include shares with single or double voting rights, accounting for treasury shares that are temporarily deprived of voting rights [2]

Core Insights - Sodexo reported consolidated revenues of 6.1 billion euros for Q3 Fiscal 2025, reflecting a year-on-year increase of 0.8%, with organic revenue growth of 3.0% [5][16] - The company expects Fiscal 2025 organic revenue growth to be at the lower end of the guidance range, between 3% and 4% [4][12] - The CEO emphasized the importance of disciplined execution and strengthening client relationships to achieve sustainable growth [2] Revenue Breakdown - **North America**: Revenues reached 2.9 billion euros, with organic growth of 1.2%. This growth was driven by pricing momentum and new business, despite contract exits impacting overall performance [5][17] - **Europe**: Revenues totaled 2.2 billion euros, showing an organic growth of 3.3%, supported by strong performance in Healthcare & Seniors and Sodexo Live! [5][23] - **Rest of the World**: Revenues amounted to 1.1 billion euros, with organic growth of 7.5%, primarily driven by strong performance in India, Brazil, and Australia [5][26] Financial Position and Activities - Sodexo successfully issued U.S. dollar notes totaling $1.1 billion to fund the repurchase of existing senior notes [5] - The company completed the acquisition of Agap'pro, enhancing its procurement capabilities in the hospitality sector [5] - Sodexo received an A- score from CDP for climate change disclosure, indicating strong leadership in environmental responsibility [5] Currency Impact - The company experienced a negative currency impact of 2.1% in Q3, mainly due to the depreciation of the U.S. dollar and several Latin American currencies [5][32] Outlook - The company anticipates landing towards the lower end of the range for both organic growth and underlying operating margin for Fiscal 2025 [7]

Core Points - The article provides a monthly disclosure of share capital and voting rights for Sodexo as of May 31, 2025, detailing the total number of shares and voting rights [1][5] - Sodexo is a global leader in sustainable food and facilities management services, emphasizing its commitment to improving quality of life and social responsibility [3][6] Group 1: Share Capital and Voting Rights - As of May 31, 2025, Sodexo has a total of 147,454,887 shares, with actual voting rights amounting to 216,573,087 and theoretical voting rights at 218,108,019 [1][2] - Actual voting rights are equal for all company shares, except for treasury shares and registered shares held for over four years, which have double voting rights [1][2] Group 2: Company Overview - Founded in 1966, Sodexo operates in 45 countries and serves 80 million consumers daily, positioning itself as the 1 France-based private employer worldwide [3][6] - The company reported consolidated revenues of 23.8 billion euros for fiscal 2024 and has a market capitalization of 8.5 billion euros as of April 3, 2025 [6]

Core Viewpoint - Sodexo Inc. successfully completed a U.S. dollar notes issuance totaling $1.1 billion, which was nearly 7 times oversubscribed, indicating strong investor demand [1][2]. Group 1: Notes Issuance - The issuance consisted of two tranches and was guaranteed by Sodexo S.A., the parent company [2]. - A portion of the net proceeds from the notes was used to repurchase existing 1.634% senior notes due 2026, with the remainder allocated for general corporate purposes [2]. Group 2: Tender Offer - The tender offer for the 2026 Notes settled on May 28, 2025, resulting in the repurchase of $174.29 million in aggregate principal amount, achieving a 34.46% participation rate [3]. - These transactions allow the Group to proactively manage its debt and extend its maturity profile [3]. Group 3: Company Overview - Founded in 1966, Sodexo is a global leader in sustainable food and facilities management services, aiming to improve quality of life and contribute to social and environmental progress [4]. - The company operates in 45 countries, serving 80 million consumers daily, and is recognized as the 1 France-based private employer worldwide [9].

Core Insights - Smurfit Westrock Plc (SW) is benefiting from asset optimization and business improvement initiatives, positioning the company for long-term growth and profitability [1][8] - The company faces challenges from merger-related costs, higher freight and chemical costs, labor shortages, and supply chain issues, which are expected to impact margins [2][14] Company Transformation - Since 2023, Smurfit Westrock has closed underperforming facilities, divested non-core assets, and streamlined operations to enhance efficiency and cost savings [1][7] - The merger of Smurfit Kappa and WestRock on July 5, 2024, is expected to deliver significant growth potential due to their complementary portfolios and geographic reach across 42 countries [3][4] Operational Developments - In Q1 2025, Smurfit Westrock invested in containerboard, corrugated, and consumer systems, expanding its Bag-in-Box offerings and upgrading mill systems for efficiency and environmental improvements [5][9] - The company has closed 32 packaging facilities and three mills since early 2023, with a capacity reduction of approximately 600,000 tons [7][8] Market Demand - There is a growing demand for sustainable, fiber-based packaging solutions, particularly in the beverage, healthcare, retail, and food sectors [9][10] - The rise in e-commerce activities is expected to further support demand for packaging solutions, with global e-commerce revenues projected to reach $4.32 trillion by 2025 [11] Financial Performance - In Q1 2025, Smurfit Westrock's cost of sales increased by 173.9% year-over-year, with transaction and integration-related costs amounting to $395 million [12][13] - The company's stock has declined by 14.8% over the past six months, compared to an 8% decline in the industry [15]

Group 1 - Sodexo conducted a share buyback program from May 12 to May 14, 2025, purchasing a total of 100,000 shares at an average price of €56.5051 [1] - The share buyback was authorized by the Shareholders' Meeting held on December 17, 2024, and was aimed at fulfilling obligations related to free shares award plans [1] - The transactions included various trading dates and volumes, with the highest purchase price recorded at €57.3105 on May 13, 2025 [1] Group 2 - Sodexo, founded in 1966, is a global leader in sustainable food and facilities management services, emphasizing a responsible business model [2] - The company operates in 45 countries and serves 80 million consumers daily, with consolidated revenues of €23.8 billion for fiscal 2024 [3] - As of April 3, 2025, Sodexo's market capitalization was €8.5 billion, and it is recognized as the number one France-based private employer worldwide [3]

Core Insights - Soros Fund Management reported a total market value of $6.70 billion for Q1 2025, reflecting a 3.68% increase from the previous quarter's $6.65 billion [1][2] - The fund added 97 new stocks, increased holdings in 49 stocks, reduced holdings in 45 stocks, and completely sold out of 78 stocks during the quarter [1][2] - The top ten holdings accounted for 27.51% of the total market value [1][2] Holdings Overview - The largest holding is Smurfit WestRock (SW.US) with 6.85 million shares valued at approximately $309 million, representing 4.61% of the portfolio, a decrease of 2.75% from the previous quarter [2][4] - First Solar (FSLR.US, CALL) is the second-largest holding with 1.6 million shares valued at about $202 million, making up 3.02% of the portfolio, and this was a new position [3][4] - AstraZeneca (AZN.US) ranks third with 2.74 million shares valued at approximately $202 million, accounting for 3.01% of the portfolio, with a reduction of 13.10% in shares held [3][4] - iShares 20+ Year Treasury Bond ETF (TLT.US, CALL) is the fourth largest holding with 2.15 million shares valued at around $196 million, representing 2.92% of the portfolio, and an increase of 64.12% in shares held [3][4] - SPDR S&P 500 ETF (SPY.US) is the fifth largest holding with approximately 314,000 shares valued at about $176 million, making up 2.62% of the portfolio, with a significant increase of 165.93% in shares held [3][4] Trading Activity - The top five new purchases included First Solar (FSLR.US, CALL), Spotify (SPOT.US) notes, Central Garden & Pet (CENT.US) notes, SPDR S&P 500 ETF (SPY.US), and American Electric Power (AEP.US) [5][6] - The top five sold positions included Akamai (AKAM.US) notes, Alphabet (GOOGL.US), iShares Russell 2000 ETF (IWM.US), Ford Motor Company (F.US) notes, and iShares Russell 2000 ETF put options [5][6]