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WestRock Company - WRK STOCK NEWS

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

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 Company'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 Company's position in the market.

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
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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
-
News
WestRock Announces Consent Solicitation
Rhea-AI Summary
WestRock Company announced a consent solicitation to amend certain terms of its senior notes. The purpose is to obtain consents from holders to amend the definition of 'Change of Control' to add an exception for the proposed business combination with Smurfit Kappa group. Holders who deliver their consents may be eligible to receive a payment of $1.50 per $1,000 principal amount of the relevant series of notes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.69%
Tags
none
News
Smurfit Kappa and WestRock in discussions regarding key terms of Potential Combination
Rhea-AI Summary
Smurfit Kappa and WestRock are discussing a potential combination to create Smurfit WestRock, a global leader in sustainable packaging. The combination would involve the creation of a new holding company incorporated in Ireland. The financial rationale includes expected annual pre-tax cost synergies of over $400 million and strong cash flows for future growth. The potential combination is subject to shareholder approval and regulatory clearances.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.23%
Tags
none
-
News
WestRock Announces Participation in Upcoming Investor Conference
Rhea-AI Summary
WestRock Company (NYSE: WRK) to participate in Jefferies Industrials Conference on September 7, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.39%
Tags
conferences
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News
WestRock Reports Fiscal 2023 Third Quarter Results; Strong Results in a Dynamic Environment
Rhea-AI Summary
WestRock Company (NYSE:WRK) reported net sales of $5.121 billion and net income of $202 million for its fiscal third quarter. The company's EPS was $0.79 and Adjusted EPS was $0.89. Despite a negative impact of $89 million due to economic downtime and a $39 million increase in non-cash pension costs, WestRock's U.S. qualified and non-qualified pension plans remain overfunded. The company is on track to achieve over $450 million in cost savings by the end of fiscal 2023, exceeding expectations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.18%
Tags
earnings
News
WestRock Announces Plans to Close Tacoma, Wash., Paper Mill
Rhea-AI Summary
WestRock Company (NYSE: WRK) will permanently cease operating its paper mill in Tacoma, Washington, by September 30, 2023. The decision is driven by high operating costs and the need for significant capital investment. The company aims to improve its return on invested capital and consolidate production to enhance performance. The closure will impact approximately 400 employees, who will receive severance and outplacement assistance. WestRock will transition the majority of its production to other mills within its system to serve customers in North America and international markets. The Tacoma mill's annual capacity of 510,000 tons will be reduced, affecting kraft, white top liner, and bleached pulp production.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.7%
Tags
none
-
News
WestRock Announces Quarterly Dividend of $0.275 Per Share
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.57%
Tags
dividends
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News
WestRock Announces Conference Call to Discuss Third Quarter Fiscal 2023 Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
Tags
earnings
News
WestRock Announces Participation in Upcoming Investor Conference
Rhea-AI Summary
WestRock Company (NYSE: WRK) will participate in Deutsche Bank’s 14th Annual Global Industrials, Materials & Building Products Conference on June 8, 2023. David Sewell, president and CEO, will present information about the Company at 8:30 am ET. The event will be webcast and available for replay on WestRock’s website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.85%
Tags
conferences
Stock WRK logo
WestRock Company

NYSE:WRK

WRK Rankings

#693 Ranked by Market Cap
#1801 Ranked by Stock Gains
#1254 Ranked by Dividends

WRK Stock Data

12.39B
255.53M
0.51%
87.01%
5.97%
Corrugated and Solid Fiber Box Manufacturing
Manufacturing
Link
United States of America
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.