WestRock Company - WRK STOCK NEWS

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.

WestRock Company (NYSE: WRK) has announced a quarterly dividend of $0.24 per share, payable to shareholders on August 24, 2021. Stockholders of record as of the close of business on August 13, 2021, will qualify for this dividend. This decision reflects WestRock's ongoing commitment to providing value to its shareholders while supporting its sustainable paper and packaging solutions across global markets.