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WestRock Company - WRK STOCK NEWS

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

WestRock Company (NYSE: WRK) specializes in consumer and corrugated packaging solutions, offering a competitive edge to its global clientele. With a diverse portfolio that includes beverage packs, pizza boxes, trigger sprayers, fragrance pumps, and paperboard, WestRock collaborates closely with customers to meet their unique packaging needs. Our commitment to continuous improvement ensures we remain an integral part of our customers' teams, striving for mutual success.

Formed through the merger of RockTenn and MeadWestvaco in 2015, WestRock has grown to become the largest North American producer of solid bleached sulfate and the second-largest producer of containerboard, essential for shipping containers. Our 42,000 employees across approximately 275 facilities in North America, South America, Europe, and Asia are dedicated to delivering innovative and reliable packaging solutions.

WestRock's recent achievements include strategic partnerships and cutting-edge projects designed to enhance our product offerings and meet evolving market demands. Financially, the company has demonstrated resilience and growth, driven by practical innovations and rigorous execution. Our commitment to sustainability and quality ensures we remain a leader in the packaging industry, achieving success with our customers, employees, and investors.

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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.
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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.
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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.
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WestRock (NYSE: WRK) has invested $75k in three automated fleet fuel management systems from Coencorp to enhance fuel tracking at its facilities. This investment is part of WestRock's commitment to sustainability and aims to optimize fleet operations. The SM2-FUEL platform will allow real-time monitoring and ensure compliance with environmental regulations. Key features include automatic gauging, fuel drops recording, 24/7 leak monitoring, and detailed reporting capabilities. Coencorp’s CEO stated that the system will improve efficiency and environmental responsibility for WestRock's fleet. The delivery of the systems is anticipated shortly.

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FAQ

What is the current stock price of WestRock Company (WRK)?

The current stock price of WestRock Company (WRK) is $51.51 as of July 11, 2024.

What is the market cap of WestRock Company (WRK)?

The market cap of WestRock Company (WRK) is approximately 13.3B.

What does WestRock Company specialize in?

WestRock specializes in consumer and corrugated packaging solutions, providing a competitive edge to its global customers.

When was WestRock Company formed?

WestRock was formed in 2015 through the merger of RockTenn and MeadWestvaco.

Where does WestRock operate?

WestRock operates in approximately 275 facilities across North America, South America, Europe, and Asia.

What are some products offered by WestRock?

WestRock offers a wide range of products including beverage packs, pizza boxes, trigger sprayers, fragrance pumps, and paperboard.

How many employees does WestRock have?

WestRock employs around 42,000 people globally.

What is WestRock's approach to innovation?

WestRock combines practical innovations and rigorous execution to deliver high-quality packaging solutions.

What are WestRock's key markets?

WestRock serves various markets with a focus on consumer and corrugated packaging needs.

What is WestRock's position in the industry?

WestRock is the largest North American producer of solid bleached sulfate and the second-largest producer of containerboard.

How does WestRock ensure sustainability?

WestRock is committed to sustainability through innovative product designs and responsible operational practices.

Who are WestRock's stakeholders?

WestRock's stakeholders include customers, employees, and investors, all of whom contribute to the company's success.

WestRock Company

NYSE:WRK

WRK Rankings

WRK Stock Data

13.30B
256.72M
0.51%
82.28%
5.6%
Packaging & Containers
Paperboard Containers & Boxes
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United States of America
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