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) will host a conference call on February 3, 2022, at 8:30 am ET to discuss its first quarter fiscal 2022 results. Details will be provided in a press release before the market opens. The call will be accessible via webcast, with a presentation and other financial information available on ir.westrock.com. Investors can join via teleconference by dialing 877-317-6789 (U.S.) or +1 412-317-6789 (international) 15 minutes prior to the call.
WestRock Company (NYSE: WRK) announced its participation in Citi’s 2021 Basic Materials Virtual Conference on December 1, 2021, at 11:00 am ET. CEO David B. Sewell and CFO Alex Pease will present insights about the company during the event, which will be webcast and accessible for replay on WestRock’s website. WestRock is recognized for providing sustainable paper and packaging solutions globally, supporting customers across North America, South America, Europe, Asia, and Australia.
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WestRock Company (NYSE:WRK) announced strong results for Q4 and full year 2021. In Q4, net sales reached a record $5.1 billion, up 14% from $4.5 billion a year prior, with net income of $324 million, reversing a $1,156 million loss in the previous year. Adjusted Segment EBITDA increased by 22% to $878 million. For the full year, net sales grew 7% to $18.7 billion, with net income of $838 million compared to a loss of $691 million in 2020. Additionally, the company generated $2.28 billion in net cash from operations and ended the year with a net leverage ratio of 2.38x.
WestRock Company (NYSE: WRK) garnered 14 awards at the 78th Annual North American Paperboard Packaging Competition, including the prestigious Sustainability Award of the Year. This recognition highlights WestRock's commitment to sustainable packaging solutions. The awards were judged by industry experts, celebrating innovative designs that advance sustainability. Key winners included the CanCollar® in partnership with Coca-Cola Europacific Partners. The company, with a global presence, continues to provide differentiated packaging solutions, reinforcing its role in a sustainable future.
WestRock Company (NYSE: WRK) declared a quarterly dividend of $0.25 per share, up $0.01 from the previous rate, representing an annualized increase of 4% or $0.04. This dividend will be paid to shareholders on November 23, 2021, with a record date of November 10, 2021. CEO David B. Sewell expressed confidence in the company's strong cash flow and commitment to sustainable dividends, noting a 25% increase since February. The company emphasizes a focus on reducing debt and maintaining future growth.
WestRock Company (NYSE:WRK) announces the retirement of Ward Dickson as executive vice president and chief financial officer, effective November 30, 2021. Alexander Pease has been named his successor. Pease, with over 20 years of experience in corporate finance and leadership roles, most recently served as CFO of CommScope Holding Company, a telecommunications leader with $8.5 billion in revenue. The transition is part of WestRock's commitment to maintaining strong financial leadership and supporting shareholder value.
WestRock Company (NYSE: WRK) will host a conference call to discuss its fourth quarter fiscal 2021 results on Tuesday, November 9, 2021, at 8:30 am ET. A press release with the fiscal results will be available before the market opens. Investors can access the live webcast on WestRock's Investors webpage, and a recording will also be archived there. Participants can join via teleconference by calling 888-330-2022 or +1 646-960-0690 with passcode 8741412.
WestRock Company (NYSE: WRK) will participate in the Credit Suisse Annual Basic Materials Conference on September 13, 2021. CEO David B. Sewell and CFO Ward Dickson will present at 11:45 am ET. The event will be available for live webcast and replay on WestRock's website at ir.westrock.com. WestRock is a provider of sustainable paper and packaging solutions, serving customers across North America, South America, Europe, Asia, and Australia.
WestRock Company (NYSE:WRK) reported strong fiscal third-quarter results for the period ending June 30, 2021. The company achieved record net sales of $4.8 billion, a 14% increase from the previous year, with net income rising 40% to $250 million. Adjusted earnings per diluted share also climbed 35% to $0.93. Significant cash flow generation was noted, with operating cash flow at $751 million. Total debt was reduced by $270 million, enhancing financial stability. The strong demand across segments supported performance, specifically in corrugated and consumer packaging.