WestRock (WRK) Misses Q1 EPS by 15c, Misses on Revenue

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Go back to WestRock (WRK) Misses Q1 EPS by 15c, Misses on Revenue

WestRock Reports First Quarter Fiscal 2024 Results

February 1, 2024 6:30 AM EST

ATLANTA--(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, 2023.

First Quarter Highlights and other notable items:

Net sales of $4.6 billion; Corrugated Packaging segment sales increased 3.5% compared to the prior year quarter Global Paper containerboard shipments increased 21.9% compared to the prior year quarter Net loss of $22 million, Adjusted Net Income of $51 million; net loss included $66 million of restructuring and other costs, net Loss of $0.09 per diluted share (EPS) and earned $0.20 of... More