WestRock (WRK) Q2 Earnings Beat Estimates, Revenues Miss [Yahoo! Finance]
Westrock Company (WRK)
Last westrock company earnings: 1/30 06:30 am
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Source: Yahoo! Finance
The bottom line slumped 49% year over year due to a lower selling price/mix, the impacts of increased economic downtime and the prior year's mill closures. Results have also been impacted by softer volumes. Including one-time items, the company reported earnings of 6 cents per share against a loss of $7.85 in the year-ago quarter. WestRock's total revenues declined 10.4% year over year to $4.73 billion. The top line lagged the Zacks Consensus Estimate of $4.78 billion. The downside was mainly due to lower revenues in the Global Paper and Consumer Packaging segments, which reflect the impacts of the prior year's mill and interior partition divestitures. The cost of sales was down 9.4% year over year to $3.95 billion in the quarter. The gross profit declined 15.2% year over year to $780 million. The consolidated adjusted segment EBITDA was $618 million, down 21.6% from the year-ago quarter, impacted by lower adjusted EBITDA across each segment. WestRock Company Price, Consensus
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WRK
Earnings
- 5/2/24 - Beat
WRK
Sec Filings
- 5/14/24 - Form 425
- 5/14/24 - Form 425
- 5/14/24 - Form 425
- WRK's page on the SEC website