10 Best Lumber Stocks To Buy Right Now

4. Smurfit Westrock Plc (NYSE:SW)

Number of Hedge Fund Holders: 29

Smurfit Westrock Plc (NYSE:SW) is an Irish-American company specializing in corrugated and paper-based packaging. It operates in 40 countries with over 500 converting operations and 62 paper mills, providing a wide range of innovative packaging solutions ranging from corrugated and consumer packaging to Bag-in-Box packaging and point-of-sale displays. Smurfit Westrock Plc (NYSE:SW) is one of the best lumber stocks to invest in.

WestRock and Smurfit Kappa merged to become Smurfit Westrock Plc (NYSE:SW). In its first financial report as Smurfit Westrock Plc (NYSE:SW), the company announced results for the third quarter ended September 30, 2024. Net sales surged to approximately $7.67 billion, a significant increase from $2.91 billion in the same quarter of 2023. This growth was largely driven by the acquisition of WestRock, which contributed nearly $4.69 billion to sales. Additionally, there was a positive volume impact from increased corrugated product demand.

Despite this revenue growth, Smurfit Westrock Plc (NYSE:SW) reported a net loss of $150 million for the quarter, primarily due to transaction-related expenses and purchase accounting adjustments totaling around $500 million. The company’s Adjusted EBITDA stood at $1.26 billion, with an Adjusted EBITDA margin of 16.5%, indicating strong operational performance.

The integration of Smurfit Kappa and WestRock is progressing well, creating a solid foundation for future growth. The company aims to achieve synergies of at least $400 million through improved operational efficiency and plant-level autonomy. With a robust portfolio and strategic growth initiatives underway, Smurfit Westrock Plc (NYSE:SW) presents a compelling investment opportunity.