Core Insights - Smurfit Westrock's equity faced a significant decline, with a drop of over 16% week to date following disappointing quarterly earnings [1] Financial Performance - The company reported third-quarter net sales of slightly over $8 billion, marking a 4% year-over-year increase and surpassing the average analyst estimate of $7.89 billion [2] - Smurfit's net income according to GAAP was $245 million, a turnaround from a loss of $150 million in the previous year, while non-GAAP adjusted net income per share rose to $0.58 from $0.53, falling short of the expected $0.72 [3] Market Sentiment - CEO Tony Smurfit indicated that 2025 has been challenging in terms of demand, and the company is taking steps to rationalize its business [4] - Following the earnings release, several analysts lowered their price targets for Smurfit's stock, contributing to negative sentiment, although the adjustments were not drastic [5]
Why Smurfit Westrock Stock Was Sliding This Week