Smurfit Westrock (SW) 10-K Summary — Year Ended Dec 31, 2024
Smurfit Westrock Plc files its first annual report following the combination of Smurfit Kappa and WestRock. The filing covers the company's business overview, risk factors, and financial results for the period.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
Smurfit Westrock Plc files its first annual report following the combination of Smurfit Kappa and WestRock. The filing covers the company's business overview, risk factors, and financial results for the period.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$21.1B
Revenue reported for the fiscal year.
Operating income
$1B
Income from operations reported for the year.
Net income
$319M
Net income reported for the year.
Operating cash flow
$1.5B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $13.5B | n/a |
| Dec 31, 2023 | $12.1B | -10.5% |
| Dec 31, 2024 | $21.1B | +74.6% |
Business overview
The filing's Business overview section only lists item references without describing the company's operations. The company is the result of the combination of Smurfit Kappa and WestRock, as noted in the forward-looking statements.
Financial performance
Revenue increased after a decline in the prior year, while operating income and net income were positive. Operating cash flow also remained positive.
Material risks
The provided risk factors section does not contain specific details; it only references Item 1A. No material risks are described in the supplied filing context.
Liquidity and capital
The liquidity discussion focuses on the combined entity's capital resources and notes that prior-period disclosures reflect Smurfit Kappa's financials. It does not provide specific figures in the supplied text.
What to watch
The next filing should disclose whether the expected synergies from the combination are being achieved.