Core Insights - Smurfit Westrock plc reported third-quarter financial results for the period ending September 30, 2025, highlighting significant revenue and profit figures [1] Financial Performance - Net Sales reached $8,003 million, indicating strong revenue generation [1] - Net Income was reported at $245 million, resulting in a Net Income Margin of 3.1% [1] - Adjusted EBITDA stood at $1,302 million, with an Adjusted EBITDA Margin of 16.3% [1] - Net Cash Provided by Operating Activities amounted to $1,133 million, reflecting robust cash flow from operations [1] - Adjusted Free Cash Flow was reported at $579 million, showcasing effective cash management [1] Shareholder Returns - The company declared a quarterly dividend of $0.4308 per ordinary share, indicating a commitment to returning value to shareholders [1]

Core Viewpoint - Smurfit Westrock Plc is a significant player in sustainable packaging solutions, with expectations for strong profit growth in the upcoming quarter despite a history of missing analyst estimates [1][2][3]. Company Overview - Smurfit Westrock Plc is headquartered in Dublin, Ireland, and operates in 40 countries with over 500 production sites, focusing on recyclable and renewable materials [1]. - The company has a market capitalization of $22.49 billion [1]. Financial Performance - The company is expected to report a 41.7% year-over-year profit increase for Q3, projecting earnings of $0.68 per diluted share [2]. - For the current fiscal year, profit is projected to grow by 8.2% to $2.25 per diluted share, followed by a significant 52% increase to $3.42 per diluted share in the next fiscal year [3]. Stock Performance - Smurfit's stock has experienced volatility, dropping 6.1% over the past 52 weeks and 20% year-to-date, underperforming the S&P 500 Index, which gained 16.9% and 15.5% respectively [5]. - Compared to the Consumer Discretionary Select Sector SPDR Fund, Smurfit's stock has also underperformed, with the ETF gaining 18.7% over the past 52 weeks and 5.9% year-to-date [6]. Recent Developments - In the second quarter, Smurfit reported a mixed performance, with net sales increasing by 167.4% year-over-year to $7.94 billion, but incurring $280 million in restructuring costs, resulting in a net loss of $26 million [7].

Core Insights - Smurfit Westrock PLC (SW) is set to report its third-quarter 2025 results on October 29, with expected revenues of $7.98 billion, reflecting a 4% year-over-year growth, and earnings per share (EPS) projected at 68 cents, up from 48 cents in the previous year [1][5]. Financial Estimates - The Zacks Consensus Estimate for SW's third-quarter 2025 revenues is $7.98 billion, indicating a 4% increase from the same quarter last year [1][5]. - The EPS estimate for the third quarter is 68 cents, representing a year-over-year rise from 48 cents [1][5]. - The consensus mark for earnings has decreased by 6.8% over the past 60 days [1]. Earnings Surprise History - Smurfit Westrock has a mixed earnings surprise history, beating the Zacks Consensus Estimate once in the last four quarters and missing it three times, with an average surprise of negative 22.8% [2][3]. Segment Performance - The Europe, MEA, and APAC segment is expected to generate revenues of $2.80 billion, up from $2.65 billion in the prior year, with an adjusted EBITDA of $447 million [7]. - The North America segment's revenue is projected at $4.64 billion, compared to $4.53 billion in the previous year, with an adjusted EBITDA of $780 million, indicating flat year-over-year growth [8]. - The LATAM segment's revenue estimate is $506 million, showing growth from $494 million, but the adjusted EBITDA is expected to decline to $113 million from $116 million [9]. Market Trends and Challenges - Demand for corrugated packaging and containerboard remains stable, driven by essential items like food and beverages, alongside strong e-commerce growth and a shift towards sustainable packaging [3][4]. - However, weak volumes in Europe and lower box demand are anticipated to negatively impact results, despite expectations of achieving an adjusted EBITDA of $1.3 billion for the quarter [4][5][6]. Earnings Prediction - The model predicts a potential earnings beat for Smurfit Westrock, supported by a positive Earnings ESP of +2.94% and a Zacks Rank of 3 (Hold) [10].

Core Insights - Sodexo's Fiscal 2025 results show a revenue increase of 1.2% year-on-year, reaching €24.1 billion, with organic growth of 3.3% [2][8][29] - The company has appointed Thierry Delaporte as the new CEO, effective November 10, 2025, marking a new strategic direction focused on commercial acceleration and execution [5][11] - The underlying operating profit margin remained stable at 4.7%, with underlying net profit from continuing operations increasing by 3.7% at constant currencies [7][39][46] Financial Performance - Revenues for Fiscal 2025 were €24,074 million, up from €23,798 million in Fiscal 2024, reflecting a 1.2% increase [2][28] - Organic growth was reported at 3.3%, with a contribution from pricing close to 3% and slight positive volume and new business contributions [8][30] - Underlying operating profit reached €1,139 million, a 2.7% increase from €1,109 million in the previous year [2][39] - The effective tax rate improved to 22.2% from 25.4% in the prior year, contributing to a net profit of €695 million, down from €738 million [2][44][46] Geographic Performance - North America achieved organic growth of 2.8%, driven by strong results in Sodexo Live! and Business & Administration, despite contract losses in Education [30][33] - Europe saw organic growth of 1.7%, with notable progress in Healthcare and Seniors, while the Rest of the World experienced a robust 7.5% growth, primarily from India, Australia, and Brazil [30][31] Governance and Strategic Direction - The governance structure will evolve with the proposed changes at the Shareholders Meeting on December 16, 2025, aimed at enhancing expertise and diversity [10][11] - The company is focused on addressing operational challenges in the U.S. and has established clear action plans for Fiscal 2026 [4][5] Sustainability and Corporate Responsibility - Sodexo published its first CSRD-compliant sustainability statement, reinforcing its commitment to social, environmental, and societal impact [9] - The company aims to achieve significant reductions in greenhouse gas emissions and food waste, reflecting its sustainability goals [9][10]

Core Insights - RIT Capital Partners holds $19,839,800 worth of Smurfit Westrock Plc shares, representing 2.49% of its portfolio, indicating confidence in the company's potential [1] - Seaport Global Securities upgraded Smurfit Westrock Plc from "Neutral" to "Buy," setting a price target of $52, reflecting optimism about the stock's future performance [2] - The investment firm believes the recent share price decline is due to investor concerns regarding European containerboard capacity expansion, but anticipates improvements in pricing for recycled containerboard medium [3] Company Overview - Smurfit Westrock Plc is engaged in the development and supply of packaging solutions globally, including corrugated boards, solid boards, and hexacomb packaging for various applications [5] - The company is expected to present a five-year strategy plan in February 2026, which may include $400 million in initial synergies, asset repositioning, cost reductions, and growth opportunities in its North American box business [4]

Core Insights - The EAT-Lancet 2025 Report emphasizes the potential of transforming global diets to prevent nearly 15 million premature deaths annually while reducing greenhouse gas emissions by over 50% [2] - Sodexo plays a pivotal role in promoting sustainable eating habits and has already implemented key recommendations from the EAT-Lancet Report [1][4] Company Initiatives - Sodexo serves 80 million consumers daily, focusing on reconciling pleasure, health, and environmental respect to support sustainable food systems [4] - The company has a sustainability roadmap called Better Tomorrow, which includes training chefs and adapting offerings to local preferences [5] - Sodexo aims to achieve 70% low-carbon main dishes by 2030, defining low-carbon meals as those producing 0.9 kg of CO₂e or less [7] Collaborative Efforts - In partnership with WWF, Sodexo has successfully reduced meal-related emissions at Cytiva's restaurant in Sweden from 1.5 kg CO₂e to 0.6 kg CO₂e per serving [8] - The company emphasizes the importance of collaboration in bridging the gap between scientific recommendations and actionable strategies [11][12] Future Outlook - The upcoming launch of Better Tomorrow 2028 will further enhance Sodexo's contributions to building healthier and more sustainable food systems [12] - Sodexo's commitment to sustainability is reflected in its inclusion in various indices such as CAC Next 20 and FTSE 4 Good [14]

Group 1 - Smurfit Westrock is considered a cheap stock with potential for the next 5 years, with JPMorgan raising its price target to $61 from $60 while maintaining an Overweight rating [1][3] - In Q2, Smurfit Westrock reported a significant year-over-year revenue increase of 147.56%, totaling $7.94 billion, and achieved an Adjusted EBITDA of $1.213 billion, resulting in a 15.3% Adjusted EBITDA Margin [2] - The North American segment generated $4.8 billion in net sales with a 15.8% Adjusted EBITDA Margin, while Latin America showed exceptional performance with an Adjusted EBITDA Margin exceeding 23% [3] Group 2 - Smurfit Westrock specializes in manufacturing, distributing, and selling containerboard, corrugated containers, and other paper-based packaging products [4]

Core Insights - Sodexo reported a total of 147,454,887 shares as of September 30, 2025, with actual voting rights amounting to 216,943,620 and theoretical voting rights at 218,461,882 [1][2]. Company Overview - Founded in 1966 in Marseille by Pierre Bellon, Sodexo is a global leader in sustainable food and valued experiences across various life moments, including learning, working, healing, and playing [3]. - The company is characterized by its independence, family shareholding, and responsible business model, aiming to improve the quality of life for employees and the communities it serves [3]. - Sodexo operates in two main sectors: Food and Facilities Management Services, focusing on both growth and social commitment [3]. - The company is included in several indices, such as CAC Next 20, Bloomberg France 40, CAC SBT 1.5, FTSE 4 Good, and DJSI [3]. Key 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 and served 80 million consumers daily across 45 countries [6]. - As of June 30, 2025, Sodexo's market capitalization was 7.7 billion euros [6].

Core Points - Thierry Delaporte has been appointed as the new Group Chief Executive Officer of Sodexo, effective November 10, 2025, following a thorough selection process [1] - The governance structure will evolve with the separation of the roles of Chairwoman and CEO, with Sophie Bellon transitioning to a non-executive Chairwoman role [2] - The Lead Director position will be maintained, with Gilles Pélisson succeeding Luc Messier as Lead Independent Director, effective November 10, 2025 [3] Leadership Transition - Sophie Bellon expressed gratitude for the efforts of Sodexo teams and emphasized readiness for a new growth chapter, highlighting confidence in Thierry Delaporte's leadership [4] - Gilles Pélisson noted that Delaporte's appointment is the result of a structured process, emphasizing his extensive experience and fit with Sodexo's values [4] - François-Xavier Bellon stated that the dissociation of governance is a significant step forward and expressed excitement for Delaporte's leadership [4] Thierry Delaporte's Background - Delaporte has a strong international leadership background, having held various roles across Europe, the U.S., South America, and Asia-Pacific, with expertise in financial leadership and operational transformation [5] - He has held CFO roles at Capgemini and served as CEO of Wipro Ltd., where he led significant strategic repositioning and growth [6][8] - Delaporte is also committed to social impact, co-founding an organization focused on youth inclusion and serving on the Board of Saint-Gobain [8] Company Overview - Sodexo, founded in 1966, is a global leader in sustainable food and facilities management services, aiming to improve quality of life and contribute to social progress [10] - The company operates in 45 countries, serving 80 million consumers daily, and has consolidated revenues of 23.8 billion euros for fiscal 2024 [13] - As of June 30, 2025, Sodexo's market capitalization stands at 7.7 billion euros, and it is recognized as the number one France-based private employer worldwide [13]

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