Smurfit WestRock Stock Is One of the S&P 500's Best Performers Today. Here's Why.

Investopedia10-31

Key Takeaways Shares of packaging manufacturer Smurfit WestRock were among the S&P 500's top performers on Wednesday.Third-quarter results fell short of estimates but reflected expenses related to the...

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Here's Why.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-31 03:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/smurfit-westrock-stock-sp500s-best-performers-today-heres-why-8737103><strong>Investopedia</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Takeaways\nShares of packaging manufacturer Smurfit WestRock were among the S&P 500's top performers on Wednesday.Third-quarter results fell short of estimates but reflected expenses related to the...</p>\n\n<a href=\"https://www.investopedia.com/smurfit-westrock-stock-sp500s-best-performers-today-heres-why-8737103\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4136","symbol_name":"纸材料包装","start_time":0,"source_url":"https://www.investopedia.com/smurfit-westrock-stock-sp500s-best-performers-today-heres-why-8737103","article_id":"2479757286","we_media_id":null,"thumbnails":["https://www.investopedia.com/thmb/CZ0P4vfk8fNDGGAGTMxLZOuVAYk=/4000x2667/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-1158766984-2c23ebea3e1e4eb584237e8faa92a14f.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479757286","pubTimestamp":1730318080,"sourceInfo":{"source_id":"investopedia_highlight","name":"Investopedia"},"weMediaInfo":null,"summary":"Shares of packaging manufacturer Smurfit WestRock were among the S&P 500's top performers on Wednesday.Third-quarter results fell short of estimates but reflected expenses related to the merger between Smurfit Kappa and WestRock, which closed in July.The WestRock acquisition and strong volumes in corrugated packaging helped the company more than double its net sales year-over-year.Smurfit WestRock  shares popped on Wednesday, marking one of the S&P 500's top performances, after the packaging manufacturer released the first quarterly result to reflect the July merger of Ireland's Smurfit Kappa and U.S.-based WestRock.Given the timing of the transaction, the second-quarter 2024 report covered only the performance of Smurfit Kappa.The stock, recently up nearly 13%, is now back in positive territory for the year.Smurfit WestRock reports results in three geographical segments. Although sales remained essentially flat year-over-year for the segment comprising Europe, the Middle East, Africa,","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4136":"纸材料包装","LU0612318971.USD":"BGF NATURAL RESOURCES \"A5G\" (USD) INC","LU0654597011.USD":"BGF NATURAL RESOURCES \"A4G\" (USD) INC","WRK":"Westrock Company",".SPX":"S&P 500 Index","LU2092937221.SGD":"Blackrock Circular Economy A2 SGD-H","LU2360106947.USD":"BGF NUTRITION \"A4\" (USD) INC","VOO":"Vanguard标普500ETF","LU1430597077.USD":"BGF NATURAL RESOURCES \"A\" (USD) INC","LU2360108059.USD":"BGF CIRCULAR ECONOMY \"A4\" (USD) INC","SW":"Smurfit WestRock PLC","LU2298321311.HKD":"BGF CIRCULAR ECONOMY \"A\" (HKDHDG) ACC","LU0612318385.USD":"BGF NATURAL RESOURCES \"A2\" (USD) ACC","BK4585":"ETF&股票定投概念","LU1989763690.USD":"东方汇理世代食品基金A2 Acc","LU2041044095.USD":"Blackrock Circular Economy A2 USD","LU1989763427.SGD":"CPR Invest - Food For Generations A2 Acc SGD-H","LU0471298777.SGD":"Blackrock Nutrition A2 SGD-H","LU0471298694.HKD":"BGF NUTRITION \"A2\" (HKD) ACC","LU0385154629.USD":"贝莱德营养科学基金A2","BK4588":"碎股","SPY":"标普500ETF","LU1803068623.USD":"TEMPLETON GLOBAL CLIMATE CHANGE \"AH1\" (USDHDG) ACC"},"translate_title":"Smurfit WestRock股票是当今标普500表现最好的股票之一。原因如下。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WRK":1,"VOO":1,"SW":1,"SPY":1,".SPX":1},"content_text":"Key Takeaways\nShares of packaging manufacturer Smurfit WestRock were among the S&P 500's top performers on Wednesday.Third-quarter results fell short of estimates but reflected expenses related to the merger between Smurfit Kappa and WestRock, which closed in July.The WestRock acquisition and strong volumes in corrugated packaging helped the company more than double its net sales year-over-year.\n Smurfit WestRock (SW) shares popped on Wednesday, marking one of the S&P 500's top performances, after the packaging manufacturer released the first quarterly result to reflect the July merger of Ireland's Smurfit Kappa and U.S.-based WestRock.\n\n\n Given the timing of the transaction, the second-quarter 2024 report covered only the performance of Smurfit Kappa.\n\n\n The stock, recently up nearly 13%, is now back in positive territory for the year.\n\n\n  Q3 Results Provide 'Strong Foundation To Build Upon'  \n The cardboard box maker reported a third-quarter 2024 net loss of $150 million on net sales of approximately $7.7 billion. Both figures fell short of analysts' consensus estimates.\n\n\n Despite the lower-than-expected headline numbers, the top-line result more than doubled from net sales of roughly $2.9 billion posted in the year-ago period, boosted by contributions from the WestRock acquisition and strong volumes in corrugated packaging. The company attributed around $500 million of the quarterly loss to expenses and accounting adjustments related to the merger.\n\n\n Smurfit WestRock reports results in three geographical segments. Although sales remained essentially flat year-over-year for the segment comprising Europe, the Middle East, Africa, and the Asia-Pacific region, the WestRock add-on contributed to a surge in sales for the North America segment. The Latin America segment posted sales growth of 48% from a year ago.\n\n\n CEO Tony Smurfit stressed the impact of the merger on the company's performance, asserting that \"these results are a strong foundation to build upon.\"\n\nDo you have a news tip for Investopedia reporters? Please email us at\ntips@investopedia.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479757286"}