0001628280-26-029089
SEC filingSmurfit Westrock reported Q1 FY2026 revenue of $7.7B, up modestly year-over-year, but gross profit, operating income, and net income all declined significantly — driven by cost pressures and volume dynamics — resulting in diluted EPS of $0.12.
Gross profit declined to $1.3B, representing a 19.6% year-over-year decrease, and gross margin compressed to 16.4%. This reflects underlying cost and volume pressures acknowledged in management commentary: higher costs and lower volumes were partially offset by a more favorable selling price mix. While specific dollar impacts of these components were removed during audit due to lack of XBRL support, the directional explanation — that cost increases and volume softness weighed on gross profit, mitigated in part by pricing actions — remains substantiated by the business context packet.
Operating income fell to $253.0M, down 54.2% year-over-year, with operating margin narrowing to 3.3%. Net income declined sharply to $65.0M, a reduction of 83.1%, and diluted EPS was $0.12 versus $0.73 in the prior-year quarter. These results reflect the cascading impact of gross profit compression, though the authoritative financial packet does not isolate SG&A, interest, or tax line-item contributions — so no further breakdown is supported.