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Sentiment · FY2026 Q2
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $7.28B | +180.7% | $0.31 | +34.8% | 16.1% | 5.3% | 1.9% | $214M |
| FY2025 Q1 | $7.66B | +182.0% | $0.73 | +7.4% | 20.6% | 7.9% | 5.0% | $-242M |
| FY2025 Q2 | $7.94B | +186.5% | $-0.05 | -111.2% | 19.1% | 7.0% | -0.4% | $307M |
| FY2025 Q3 | $8.00B | +16.2% | $0.47 | +274.1% | 19.6% | 7.6% | 3.1% | $523M |
| FY2025 Q4 | $7.58B | +4.2% | $0.18 | -41.9% | 18.2% | 6.1% | 1.3% | $612M |
| FY2026 Q1 | $6.70B | -12.5% | $0.12 | -83.6% | 16.4% | 4.0% | 0.8% | $-420M |
| FY2026 Q2 | $8.03B | +1.1% | $0.17 | +417.2% | 17.4% | 3.8% | 1.1% | $300M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Philip Ng | Jefferies | 14 (0%) |
| Gabe Hajde | Wells Fargo | 14 (0%) |
| Mark Weintraub | Seaport Research Partners | 13 (0%) |
| Anthony Pettinari | Citigroup | 11 (0%) |
| Mike Roxland | Truist Securities | 10 (0%) |
| George Staphos | Bank of America | 9 (0%) |
| Detlef Winckelmann | JPMorgan | 9 (0%) |
| Charlie Muir-Sands | BNP Paribas | 7 (0%) |
| Lars Kjellberg | Stifel | 6 (0%) |
| Lewis Roxburgh | Goodbody | 6 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Bank of America | 3 | 14 (0%) |
| Jefferies | 1 | 14 (0%) |
| Wells Fargo | 1 | 14 (0%) |
| Seaport Research Partners |
| 1 |
| 13 (0%) |
| Citigroup | 1 | 11 (0%) |
| Truist Securities | 2 | 11 (0%) |
| JPMorgan | 1 | 9 (0%) |
| BNP Paribas | 1 | 7 (0%) |
Adjusted EBITDA declined to $1.076 billion on 14% margin as severe weather and unplanned downtime impacted Q1 performance, with energy costs revised sharply higher and North American corrugated volumes still declining year-over-year. Despite the weak start, full-year EBITDA guidance was reaffirmed at $5.0-$5.3 billion as demand inflected positively in April with a sold-out position across key grades. Price increases were announced across multiple paper grades and the European business outperformed with portfolio optimization advancing.
Cost Pressure | Competitive Dynamics | Demand | Pricing | Capital Allocation | Margin | Guidance Reliability | M&A | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 7 | 5 | 3 | 3 | 3 | 1 | 3 | |
| 2025Q1 | 7 | 4 | 4 | 2 | 6 | 3 | 3 | |
| 2025Q2 | 3 | 4 | 5 | 4 | 4 | 6 | 3 | 1 |
| 2025Q3 | 5 | 7 | 4 | 4 | 4 | 1 | 1 | |
| 2025Q4 | 3 | 6 | 6 | 3 | 4 | 4 | 2 | |
| 2026Q1 | 6 | 5 | 4 | 7 | 1 | 5 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Cost Pressure | 7 | 7 | 3 | 5 | 3 | 6 |
| Competitive Dynamics | 5 | 4 | 4 | 7 | 6 | 5 |
| Demand | 3 | 4 | 5 | 4 | 6 | 4 |
| Pricing | 3 | 2 | 4 | 4 | 3 | 7 |
| Capital Allocation | 3 | 6 | 4 | 4 | 4 | 1 |
| Margin | 6 | 1 | 4 | 5 | ||
| Guidance Reliability | 1 | 3 | 3 | 1 | 2 | |
| M&A | 3 | 3 | 1 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
SW Smurfit WestRock | 3 | -12.5% | |
| AMCR Amcor | 6 | +77.4% | |
| BALL Ball Corporation | 7 | +16.1% | |
| IP International Paper | 4 | +1.2% | |
| PKG Packaging Corporation of America | 6 | +10.6% |