Smurfit Westrock profit falls 33.6% in Q4 2025

Financial Performance - Smurfit Westrock reported attributable net income of $97 million for Q4 2025, a 33.6% decrease from $146 million in the same quarter last year [1] - The company's attributable diluted earnings per share for the quarter fell to $0.18 from $0.28 [1] - Operating profit for Q4 was $389 million, down 2% from $401 million a year earlier [1] - Quarterly net sales remained almost flat at $7.5 billion [1] Sales Breakdown - North American sales declined to $4.4 billion, while sales in Europe, the Middle East and Africa (MEA) and Asia Pacific (APAC) rose to $2.7 billion; LATAM reached $537 million [2] - For the full year 2025, attributable net income more than doubled to $699 million from $319 million in 2024 [2] - Annual operating profit was $1.7 billion compared to $1 billion the previous year [2] - Annual net sales reached $31.1 billion, up from $21.1 billion in the prior year [2] Strategic Initiatives - The company exceeded its committed synergy target of $400 million and implemented various customer-centric, commercial, and operational initiatives [3] - Smurfit Westrock reduced loss-making businesses and closed approximately 600,000 tons of high-cost or inefficient capacity as part of its portfolio optimization strategy [4] - The company reduced headcount by over 3,000 while continuing to invest significantly in customer relations, asset base, and operational efficiency [4] Future Outlook - For Q1 2026, the company expects to deliver adjusted EBITDA between $1.1 billion and $1.2 billion, and for the full year, adjusted EBITDA is projected to be between $5 billion and $5.3 billion [5] - The company announced the closure of a paper machine at its La Tuque mill in Quebec, Canada, due to ongoing difficulties with scale and costs [5]