Financial Performance - Fourth quarter Net Sales reached approximately $7.5 billion, a significant increase from $2.86 billion in the same period last year[2] - Fourth quarter Net Income was $146 million, with a Net Income Margin of 1.9%, compared to $50 million and a margin of 1.8% in the prior year[2] - Full year Net Income totaled $319 million, down from $826 million in the previous year[9] - The company reported a net income of $146 million for the three months ended December 31, 2024, compared to $50 million for the same period in 2023, representing a 192% increase[30] - For the three months ended December 31, 2024, Smurfit Westrock reported a net income of $146 million, compared to $50 million for the same period in 2023, reflecting a significant increase[37] - The company reported a net income margin of 1.0% for the combined entity, indicating a need for improved profitability measures[39] EBITDA and Margins - Adjusted EBITDA for the fourth quarter was $1,166 million, resulting in an Adjusted EBITDA Margin of 15.5%, slightly down from 15.6% in the previous year[2] - For the full year, the company reported a Combined Adjusted EBITDA of $4.7 billion, aligning with previously stated guidance[3] - The total Adjusted EBITDA for the company was $1,202 million for the three months ended December 31, 2024, compared to $483 million in the same period of 2023, reflecting an increase of about 148%[28] - Adjusted EBITDA for the twelve months ended December 31, 2024, was $3,386 million, up from $2,128 million in 2023, indicating a strong year-over-year growth[37] - Combined Adjusted EBITDA for the twelve months ended December 31, 2024, reached $4,706 million, with Combined Net Sales of $30,904 million, resulting in a Combined Adjusted EBITDA Margin of 15.2%[39] - The Adjusted EBITDA margin for the North America segment was 15.4% for the three months ended December 31, 2024, compared to 18.7% for the same period in 2023[28] - The Adjusted EBITDA Margin for the three months ended December 31, 2024, was 15.5%, slightly down from 15.6% in the same period of 2023[37] Sales Growth - Total net sales for the company were $7,638 million for the three months ended December 31, 2024, up from $2,874 million in the same period of 2023, representing a growth of approximately 165%[28] - North America segment net sales reached $4,593 million for the three months ended December 31, 2024, compared to $384 million for the same period in 2023, marking a significant increase[28] - The LATAM segment net sales increased to $524 million for the three months ended December 31, 2024, from $343 million in the same period of 2023, reflecting a growth of approximately 53%[28] Operational Efficiency and Cost Management - The synergy program is on track to deliver $400 million in savings by the end of 2025, with additional operational and commercial opportunities identified[4] - The company incurred transaction and integration-related expenses of $531 million for the twelve months ended December 31, 2024, as part of its Combination strategy[39] - Restructuring costs for the twelve months ended December 31, 2024, totaled $118 million, reflecting ongoing operational adjustments[39] Cash Flow and Liquidity - Adjusted Free Cash Flow for the three months ended December 31, 2024, was $257 million, compared to $391 million for the same period in 2023[41] - Net cash provided by operating activities for the twelve months ended December 31, 2024, was $1,483 million, down from $1,559 million in 2023[41] Company Overview - The company has approximately 100,000 employees across 40 countries, emphasizing its global reach and scale in the paper-based packaging market[14] - The company is focused on creating a performance-led culture and is optimistic about future opportunities, subject to macroeconomic and climate risks[6] Assets and Liabilities - The company's total assets increased to $43,759 million as of December 31, 2024, from $14,051 million as of December 31, 2023, showing a growth of approximately 211%[29] - The company’s total liabilities rose to $26,372 million as of December 31, 2024, compared to $7,877 million as of December 31, 2023, indicating an increase of about 234%[29] Management Perspective - Smurfit Westrock's management emphasizes the importance of non-GAAP measures like Adjusted EBITDA and Adjusted Free Cash Flow for evaluating ongoing performance and liquidity[34]

Core Viewpoint - Smurfit Westrock PLC is set to report its fourth-quarter 2024 results on February 12, 2024, with expectations of significant revenue growth driven by increased demand for corrugated packaging [1][4]. Financial Performance - The Zacks Consensus Estimate for Smurfit Westrock's revenues is $7.80 billion, reflecting a 68.8% increase compared to the same quarter last year [3]. - The earnings per share estimate stands at 67 cents, up from 20 cents year-over-year [3]. - The consensus earnings estimate has decreased by 6% over the past 30 days [3]. Market Trends - The company has benefited from a resurgence in corrugated demand in North America and Europe, which is anticipated to positively influence fourth-quarter performance [4]. - Stable demand for corrugated packaging and containerboard, particularly for essential items like food and medicines, has supported the industry [5]. - Growth in e-commerce and the rising preference for paper as a sustainable packaging solution are also favorable trends for Smurfit Westrock [5]. Cost Factors - Increased costs related to recovered fiber, labor, and distribution, especially in Europe, are expected to negatively impact margins [6]. - Merger-related costs may disrupt free cash flow margins and affect overall performance in the fourth quarter [6]. - Pricing actions and cost-saving initiatives are anticipated to mitigate some of these challenges [6]. Earnings Prediction - The current Earnings ESP for Smurfit Westrock is -13.00%, indicating a lower likelihood of an earnings beat this quarter [7]. - The company holds a Zacks Rank of 4 (Sell), suggesting a cautious outlook [8]. Stock Performance - Smurfit Westrock's shares have increased by 2.6% over the past three months, contrasting with a 1.8% decline in the broader industry [9].

Core Viewpoint - The market anticipates Smurfit Westrock (SW) will report a year-over-year increase in earnings driven by higher revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The upcoming earnings report is expected on February 12, 2025, with a consensus EPS estimate of $0.67, reflecting a year-over-year increase of 235% [3]. - Revenues are projected to reach $7.8 billion, marking a 68.8% increase from the previous year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 9.18%, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][10]. - The Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -13% [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likelihood of actual earnings deviating from consensus estimates, with positive readings being more predictive of earnings beats [6][7]. - Stocks with a positive Earnings ESP and a Zacks Rank of 1, 2, or 3 have historically shown a nearly 70% chance of delivering a positive surprise [8]. Historical Performance - In the last reported quarter, Smurfit Westrock was expected to post earnings of $0.71 per share but only achieved $0.48, resulting in a surprise of -32.39% [12]. - The company has only beaten consensus EPS estimates once in the last four quarters [13]. Conclusion - Smurfit Westrock does not currently appear to be a strong candidate for an earnings beat, and investors should consider other factors when making decisions regarding the stock ahead of the earnings release [16].

Regulated information Issy-les-Moulineaux, February 4, 2025 Monthly disclosure on share capital and voting rights Pursuant to Article L.233-8-II of the French Commercial Code and Article 223-16 of the General Regulation of the Autorité des Marchés Financiers Registered name of the issuer: SODEXO255, quai de la Bataille de Stalingrad – 92130 ISSY-LES-MOULINEAUX DateTotal number of sharesActual voting rights *Theoretical voting rights **January 31, 2025147,454,887217,413,249218,512,432 * Actual voting rights: ...

Regulated information Issy-les-Moulineaux, January 20, 2025 Interim report on liquidity contract as of December 31, 2024 Under the liquidity contract entrusted by Sodexo to BNP Paribas Arbitrage, the following assets were booked to the liquidity account as of December 31, 2024: 25,392 shares€14,423,130 During the 2nd semester, the following were traded: Bought: 359,601 shares for €28,862,832 (4,110 transactions)Sold: 363,244 shares for €29,334,581 (4,498 transactions) As a reminder, 1 - The liquidity contra ...

Revenue Performance - Q1 Fiscal 2025 consolidated revenues reached 6 4 billion euros, up +1 9% year-on-year, with organic growth of +4 6% [5][16] - Organic growth was driven by Food services, which grew +5 7%, while FM services grew +2 4% or +3 5% excluding last year's Rugby World Cup ticketing activity [18] - Underlying organic growth, adjusted for the Rugby World Cup and Paralympics, was +4 9% [17] Geographic Performance - North America achieved organic growth of +5 9%, driven by strong performance in Sodexo Live! and Corporate services, though Education was impacted by lower university volumes [6][20] - Europe grew +2 0% organically, or +2 7% excluding sporting events, with Healthcare & Seniors showing positive momentum [8][25] - Rest of the World grew +6 4% organically, led by robust growth in India, Brazil, and Australia, while China showed gradual recovery [6][30] Segment Performance - Sodexo Live! in North America grew +24 8%, driven by increased attendance at conference centers, stadiums, and airline lounges [22] - Healthcare & Seniors in Europe grew +7 4%, supported by volume growth and price revisions [28] - Business & Administrations in Rest of the World grew +6 0%, with strong performance in India and Australia [31] Strategic Initiatives - The company completed the acquisition of CRH Catering, strengthening its InReach offering on the U S East Coast [8] - Sodexo continues to advance its sustainability goals, including the Sustainable Food Barometer and the Cook For Change challenge [8] - The company is assessing the carbon impact of its recipes through a partnership with Eaternity, with implementation underway in the U S and UK & Ireland [8] Financial Outlook - Full-year guidance for Fiscal 2025 is maintained, with organic revenue growth expected between +5 5% and +6 5% [9] - Underlying operating profit margin is anticipated to grow by +30 to +40 bps at constant exchange rates [9] Leadership Changes - Anna Notarianni, Group Chief Impact Officer, left the company after 26 years, with her responsibilities integrated into Marc Rolland's role [8] - Dominique Guilhem was appointed Group Chief Strategy Officer, joining the Sodexo Leadership Team [8]

Regulated information Issy-les-Moulineaux, January 6, 2025 Monthly disclosure on share capital and voting rights Pursuant to Article L.233-8-II of the French Commercial Code and Article 223-16 of the General Regulation of the Autorité des Marchés Financiers Registered name of the issuer: SODEXO255, quai de la Bataille de Stalingrad – 92130 ISSY-LES-MOULINEAUX DateTotal number of sharesActual voting rights *Theoretical voting rights **December 31, 2024147,454,887216,692,568218,518,081 * Actual voting rights: ...

Issy-les-Moulineaux, December 17, 2024 Sodexo's Annual Shareholders’ Meeting was held on Tuesday, December 17, 2024 at the Seine Musicale auditorium in Boulogne-Billancourt, chaired by Sophie Bellon, Chairwoman of the Board of Directors and Chief Executive Officer of Sodexo. Quorum was established at 85.68%, and 3,419 shareholders were present, represented or voted by correspondence. All the resolutions proposed by the Board of Directors were adopted, notably: The adoption of the financial statements for F ...

Group 1 - Smurfit Westrock PLC (SW) has reached a significant support level and is considered a good pick for investors from a technical perspective due to a recent "golden cross" formation [1] - A golden cross occurs when a stock's short-term moving average crosses above its long-term moving average, indicating a potential bullish breakout [1][2] - SW has moved 19.4% higher over the last four weeks, suggesting it may be on the verge of a breakout [3] Group 2 - The Zacks Consensus Estimate for SW's earnings has increased, with one upward revision and no downward changes in the past 60 days, reinforcing the bullish outlook [3][4] - The positive technical factors combined with the upward movement in earnings estimates suggest that investors may want to monitor SW for potential gains in the near future [4]

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