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WestRock Co - WRK STOCK NEWS

Welcome to our dedicated news page for WestRock Co (Ticker: WRK), a resource for investors and traders seeking the latest updates and insights on WestRock Co.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect WestRock Co's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of WestRock Co's position in the market.

News
WestRock Reports First Quarter Fiscal 2024 Results
Rhea-AI Summary
WestRock Company (NYSE:WRK) reported a net sales of $4.6 billion and a net loss of $22 million in its fiscal first quarter. The Corrugated Packaging segment sales increased by 3.5% compared to the prior year quarter, and the Global Paper containerboard shipments increased by 21.9%. The company achieved over $200 million in cost savings and expects to significantly exceed its previously announced fiscal 2024 target of $300 to $400 million. However, the net income declined primarily due to lower selling price/mix, increased economic downtime, and higher restructuring and other costs, net.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.56%
Tags
earnings
-
News
WestRock Announces Quarterly Dividend of $0.3025 Per Share
Rhea-AI Summary
WestRock Company (NYSE: WRK) has declared a quarterly dividend of $0.3025 per share on its common stock. The dividend will be paid to stockholders of record as of February 9, 2024, on February 21, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.09%
Tags
dividends
-
News
WestRock to Build New Corrugated Box Plant in Wisconsin
Rhea-AI Summary
WestRock Company (NYSE:WRK) plans to build a new corrugated box plant in Pleasant Prairie, Wisconsin, to meet growing demand in the Great Lakes region. The $140 million investment aims to improve production capabilities, reduce manufacturing costs, improve sustainability, enhance quality and customer satisfaction, and support key end markets. The new facility is expected to be completed in 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.18%
Tags
none
News
WestRock to Release First Quarter 2024 Results on February 1, 2024
Rhea-AI Summary
WestRock Company (NYSE: WRK) is set to release its fiscal 2024 first quarter results on February 1, 2024, but will not host a conference call due to the proposed business combination with Smurfit Kappa Group plc. Investors can access the press release, slide presentation, and financial/statistical information on WestRock's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
-
News
WestRock and ENGIE Sign Agreement to Add Renewable Energy to U.S. Grid
Rhea-AI Summary
WestRock (NYSE:WRK) has entered into two virtual power purchase agreements (VPPAs) with ENGIE North America to support the reduction of greenhouse gas emissions. The VPPAs will add renewable energy to the U.S. energy grid and contribute to WestRock's commitment to reduce greenhouse gas emissions by 27.5% by 2030. The agreements support two solar projects in Texas, Bernard Creek, and Chillingham Solar, for an aggregate of 282 MW. Schneider Electric provided advisory services for the agreements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.53%
Tags
none
-
News
WestRock Reports Strong Fourth Quarter Fiscal 2023 Results
Rhea-AI Summary
WestRock Company (NYSE:WRK) announced its fiscal fourth quarter and year-end results, reporting net sales of $5.0 billion and a net loss of $1.6 billion respectively. The company also announced a 10% dividend increase and a proposed business combination with Smurfit Kappa Group plc. Despite the decline in net sales and income, WestRock is committed to unlocking cost savings and driving profitable growth in fiscal 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.59%
Tags
earnings
News
WestRock Increases Dividend 10% to New Annualized Rate of $1.21 Per Share
Rhea-AI Summary
WestRock Company (NYSE: WRK) has announced an increase in its quarterly dividend by $0.0275 per share, representing a 10% annualized increase. The new dividend of $0.3025 per share will be paid to stockholders on November 21, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
Tags
dividends
-
News
Solo Brands Announces CFO Transition and Third Quarter 2023 Earnings Results Conference Call
Rhea-AI Summary
Solo Brands, Inc. announces CFO transition and reaffirms guidance for fiscal year 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.7%
Tags
earnings
-
News
WestRock to Release Fourth Quarter and Full Year 2023 Earnings on November 9, 2023
Rhea-AI Summary
WestRock to release Q4 and full year fiscal 2023 results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.89%
Tags
earnings
News
WestRock Announces Results of Consent Solicitation
Rhea-AI Summary
WestRock announces successful consent solicitation for amendment of senior notes indentures.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.28%
Tags
none
Stock WRK logo
WestRock Co

NYSE:WRK

WRK Rankings

#698 Ranked by Market Cap
#1801 Ranked by Stock Gains
#1249 Ranked by Dividends

WRK Stock Data

12.33B
255.53M
0.51%
87.01%
5.97%
Corrugated and Solid Fiber Box Manufacturing
Manufacturing
Link
US
Atlanta

About WRK

westrock makes consumer and corrugated packaging solutions that give our customers a winning edge in the global marketplace. we partner closely with customers on everything from beverage packs and pizza boxes to trigger sprayers and fragrance pumps to paperboard used for a wide variety of packaging and shipping containers. we consider ourselves to be a part of their team - as we strive for continuous improvement together. every day, our 42,000 team members combine practical innovations and rigorous execution in about 275 operating and business facilities across north america, south america, europe and asia to deliver products and services that answer unique local needs. we expect to win as a company and lead the industry by achieving success together with our customers, employees and investors.