WestRock Company - WRK STOCK NEWS

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.

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.

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.