DUBLIN, Oct 29 (Reuters) - The world's largest cardboard
box maker Smurfit Westrock ( SW ) cuts its full-year core profit
forecast on Wednesday as weak demand forces it to implement
additional downtime in its factories in the fourth quarter.
The company expects full-year adjusted earnings before
interest, taxes, depreciation, and amortization (EBITDA) of
between $4.9 billion and $5.1 billion, versus the previous $5.0
to $5.2 billion range that would have represented annual growth
of 6% to 11%.
Smurfit also reported third-quarter core profit of $1.3
billion, in line with its guidance but below the average 1.32
billion forecast of nine analysts cited by LSEG SmartEstimate.