SW · 10-Q · 2026Q3 · Full report

Revenue Performance and Mix

Smurfit Westrock plc · 2026-11-04 · Importance 31 · Surprise 32

Nine-month net sales increased 1.3% year over year to $23,904 million from $23,599 million; a $450 million favorable foreign-currency impact and $44 million from higher selling-price mix were partly offset by $206 million of lower volumes. Third-quarter sales rose 2.0% to $8,161 million, as $111 million from higher selling-price mix and $52 million from higher volumes exceeded a $12 million currency headwind. For the first nine months, North America sales fell $41 million to $14,104 million, Europe, MEA and APAC sales rose $242 million to $8,433 million, and LATAM sales increased $111 million to $1,687 million. North America’s nine-month decline reflected $196 million of lower volumes, while Europe, MEA and APAC benefited from $275 million of currency impact and LATAM’s growth was primarily currency-driven.

Key facts

• In the three months ended September 30, 2026, net sales increased $158 million to $8,161 million from $8,003 million, primarily due to $111 million from higher selling price mix and $52 million from higher volumes, partially offset by a $12 million net negative foreign currency impact. source
• In the nine months ended September 30, 2026, net sales increased $305 million to $23,904 million from $23,599 million, primarily due to a $450 million net positive foreign currency impact and $44 million from higher selling price mix, partially offset by a $206 million impact from lower volumes. source
• In the three months ended September 30, 2026, higher selling price mix and volumes added $111 million and $52 million to net sales, respectively, while foreign currency reduced net sales by $12 million. source
• North America segment net sales before intersegment eliminations increased $138 million to $4,859 million in the three months ended September 30, 2026, primarily due to $95 million higher selling price mix and $62 million higher volume, partially offset by a $19 million net negative foreign currency impact. source
• Europe, MEA and APAC segment net sales before intersegment eliminations increased $242 million to $8,433 million in the nine months ended September 30, 2026, mainly due to a $275 million net positive currency impact, primarily from euro strengthening, and $27 million higher volumes, partly offset by a $60 million lower selling price mix. source
• LATAM segment net sales before intersegment eliminations increased $111 million to $1,687 million in the nine months ended September 30, 2026, primarily due to a net positive foreign currency impact. source
• North America segment net sales before intersegment eliminations decreased $41 million to $14,104 million in the nine months ended September 30, 2026, primarily due to $196 million lower volumes, partly offset by $90 million higher selling price mix and a $65 million net positive foreign currency impact. source
• Europe, MEA and APAC segment net sales before intersegment eliminations increased $5 million to $2,836 million in the three months ended September 30, 2026, due primarily to $38 million higher volumes and $7 million higher selling price mix, partly offset by a $40 million net negative currency impact, primarily from euro weakening against the U.S. dollar. source