WestRock (WRK) Misses Q1 EPS by 11c; Removes FY23 EPS Guidance
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WestRock Reports Fiscal 2023 First Quarter Results
February 1, 2023 6:30 AM ESTATLANTA--(BUSINESS WIRE)-- WestRock Company (NYSE: WRK), a leading provider of sustainable paper and packaging solutions, today announced results for its fiscal first quarter ended December 31, 2022.
First Quarter Highlights and other notable items:
Net sales of $4.9 billion comparable year-over-year Net income of $45 million, Adjusted Net Income of $141 million Consolidated Adjusted EBITDA of $652 million, Corrugated Packaging and Consumer Packaging segments delivered strong performance and Adjusted EBITDA increased 7.0% and 8.3% year-over-year, respectively Results in the current year impacted by $119 million due to economic downtime and weather disruptions; additionally, non-cash... More