Welcome to our dedicated page for Westrock Co news (Ticker: WRK), a resource for investors and traders seeking the latest updates and insights on Westrock Co stock.
WestRock Company (NYSE: WRK) is a global provider of sustainable fiber-based paper and packaging solutions, active across corrugated and solid fiber box manufacturing and related packaging segments. The WRK news feed highlights how the company communicates with investors, customers and other stakeholders about its operations, financial performance and strategic direction.
News about WestRock often covers quarterly and annual financial results, where the company reports net sales, net income or loss, adjusted earnings metrics and segment performance for Corrugated Packaging, Consumer Packaging, Global Paper and Distribution. These releases also describe drivers such as selling price and mix, volumes, cost inflation or deflation, economic downtime, mill closures, divestitures, acquisitions and cost savings initiatives.
WestRock’s news flow also includes corporate actions and capital allocation updates, such as announcements of quarterly dividends on its common stock. These items provide insight into how the board of directors approaches returning capital to stockholders alongside capital expenditures and debt management.
Another recurring theme in WRK news is sustainability and renewable energy initiatives. The company has reported progress on science-based greenhouse gas reduction targets, including virtual power purchase agreements with ENGIE North America that support Texas-based solar projects. WestRock also highlights innovations aimed at replacing plastic with fiber-based materials and developing alternative packaging solutions, as well as recognition in industry rankings and competitions.
Strategic and structural developments, such as the proposed combination with Smurfit Kappa Group plc to form Smurfit WestRock, are detailed in dedicated releases that describe the Transaction Agreement, stockholder approvals and expected conditions to closing. Visitors to this news page can review these updates to understand how the combination may affect WestRock’s corporate structure and share ownership, subject to completion of the transaction.
By following the WRK news stream, readers can monitor financial disclosures, sustainability milestones, new facility announcements and major corporate transactions, all in one place.
WestRock Company (NYSE: WRK) announced the appointment of Robert Quartaro as the new senior vice president of Investor Relations. Quartaro, who brings 20 years of experience, previously served as vice president of Investor Relations at AutoNation and has extensive background in accounting and portfolio analysis from Franklin Templeton Investments. Alex Pease, CFO, expressed confidence that Quartaro's expertise will enhance shareholder engagement as the company continues to develop differentiated and sustainable paper and packaging solutions globally.
WestRock Company (NYSE: WRK) will host its 2022 Investor Day on May 12, 2022, starting at 8:30 am ET. The event will feature presentations from the executive team, including CEO David B. Sewell and CFO Alex Pease, discussing the company’s markets, operations, and growth strategies. A webcast of the event will be available for replay on WestRock's Investor Relations website at ir.westrock.com. WestRock provides sustainable paper and packaging solutions globally.
WestRock Company (NYSE: WRK), a leader in sustainable paper and packaging solutions, will participate in the Bank of America 2022 Global Agriculture and Materials Conference on March 3, 2022. The presentation will be made by Alex Pease, CFO, at 10:10 am ET. This event will be available for live webcast and replay on WestRock’s investor relations website at ir.westrock.com. WestRock partners with customers globally across various regions including North America, South America, Europe, Asia, and Australia.
WestRock Company (NYSE: WRK) announced the retirement of executive vice president, general counsel, and secretary Robert McIntosh, effective March 4, 2022. Denise Cade will succeed him, bringing extensive experience from IDEX Corporation and SunCoke Energy. McIntosh has been instrumental in the company's growth from $900 million to approximately $19 billion in revenue over 27 years. CEO David Sewell acknowledged McIntosh's contributions to the legal strategy and corporate governance, while expressing confidence in Cade's leadership.
WestRock Company (NYSE:WRK) reported record first-quarter net sales of $5.0 billion, marking a 12.5% year-over-year increase. Net income rose 19.9% to $182 million, with EPS reaching $0.68 and Adjusted EPS at $0.65, increases of 19.3% and 6.6%, respectively. Consolidated Adjusted EBITDA grew 1.6% to $680 million. Despite supply chain disruptions and inflation challenges, the company remains focused on its transformation program and new leadership appointments to boost performance. Total debt stands at $8.2 billion with strong liquidity of $3.6 billion.
WestRock Company (NYSE: WRK) has announced the election of E. Jean Savage to its Board of Directors. Savage, who has been CEO of Trinity Industries since February 2020, brings extensive experience in advanced manufacturing and product development. Previously holding senior roles at Caterpillar, Inc., she has a proven track record in driving operational excellence and innovation. The addition of Savage is expected to enhance WestRock's leadership team and strategic direction, as highlighted by CEO David B. Sewell.
WestRock Company (NYSE: WRK) has announced plans to construct a new corrugated box plant in Longview, Washington, to meet increasing demand in the Pacific Northwest. The new facility will replace existing operations and enhance integration with the Longview paper mill. CEO David Sewell highlighted that this state-of-the-art plant is expected to improve efficiency and capabilities for customers. This strategic move reflects WestRock's commitment to supporting its regional clients amidst strong market performance.
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WestRock Company (NYSE: WRK) announced a quarterly dividend of $0.25 per share on its common stock. Stockholders of record on February 11, 2022 will receive the dividend, which is scheduled for payment on February 23, 2022. This dividend reflects WestRock's ongoing commitment to returning value to its shareholders amidst its strategic focus on providing sustainable paper and packaging solutions globally.
Grupo Modelo has partnered with WestRock and Grupo Gondi to invest $4 million in sustainable CanCollar® Eco packaging, making it the first company in the Americas to adopt this technology. This initiative aims to eliminate plastic rings from beer cans sold in Quintana Roo, preventing the disposal of approximately 100 tons of plastic waste and 335 tons of packaging waste annually. The transition to eco-friendly packaging is expected to significantly contribute to Grupo Modelo’s sustainability goals and will be implemented in two phases, starting with selected beer brands in early 2022.