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.
WestRock Company (NYSE: WRK) has announced a commitment to establish a new greenhouse gas emissions reduction target aligned with climate science, with a goal to develop, validate, and publish this target within 24 months. The initiative is part of WestRock's effort to enhance its sustainability practices, emphasizing partnerships with customers and communities. This announcement builds on the company's leadership in sustainable packaging solutions, particularly in promoting fiber-based alternatives to plastics. For further details on sustainability efforts, visit WestRock's sustainability report.
WestRock Company (NYSE: WRK) will host a conference call on August 5, 2021, at 8:30 am ET to discuss its third quarter fiscal 2021 results. A press release with detailed financial results will be issued before the market opens. Investors can access the webcast, presentation, press release, and other relevant information on the Investors section of WestRock's website. For participation via teleconference, investors should call 833-714-0928 within the U.S. or +1 778-560-2887 outside the U.S., entering passcode 5748195.
WestRock Company (NYSE: WRK) has launched the EverGrow™ Collection, expanding its produce packaging offerings. This collection utilizes sustainably sourced wood fiber and is curbside recyclable, aligning with WestRock's goal of a fully reusable, recyclable, and compostable product portfolio. The EverGrow Collection includes various packaging types designed for operational efficiencies and superior retail branding. The initiative supports sustainability efforts in the produce industry, with partners like Niagara Orchards and Vineyard Corp actively using these innovative solutions to reduce reliance on plastic.
WestRock Company (NYSE: WRK) announced the retirement of Jeff Chalovich, the president of Corrugated Packaging, effective August 2021, after a 23-year career. The company is restructuring its leadership to enhance commercial strategies, operational excellence, and sustainability. Patrick Lindner is appointed president of Commercial, Innovation, and Sustainability; Patrick Kivits becomes president of Consumer Packaging; Pete Durette leads Corrugated Packaging; John O’Neal heads Global Paper; and Tom Stigers oversees Mill Operations. These changes aim to drive efficiencies and deliver growth.
WestRock Company (NYSE: WRK) will participate in the Deutsche Bank Global Basic Materials Conference on June 9, 2021. CEO David B. Sewell and CFO Ward Dickson will discuss the company's financial and operational performance at 10:30 am ET. The presentation will be available via webcast on WestRock’s official website.
WestRock Company (NYSE:WRK) reported its fiscal second quarter results for the period ending March 31, 2021, with net sales of $4.4 billion, remaining flat year-over-year despite a $189 million impact from ransomware and winter weather events. The company declared a quarterly dividend of $0.24 per share, a 20% increase. Diluted earnings per share were $0.42, reflecting an $80 million pre-tax impact from disruptions. Notably, North American box shipments increased 5.5% year-over-year, demonstrating resilience in operations.
WestRock Company (NYSE: WRK) announced a quarterly dividend of $0.24 per share, a $0.04 increase from the previous rate, marking a 20% annualized rise. This dividend will benefit stockholders recorded by the close of business on May 19, 2021, with payments made on May 28, 2021. CEO David B. Sewell emphasized the company's confidence in its business and cash flow generation capabilities, as well as its commitment to a sustainable dividend and returning value to shareholders.
WestRock Company (NYSE: WRK) has scheduled a conference call for May 5, 2021, at 8:30 am ET to discuss its second quarter fiscal 2021 results. The financial results will be released prior to market open on the same day. The call will be accessible via a webcast and will include a presentation and relevant financial information on the Investors section of the WestRock website. Investors can participate by calling in 15 minutes early with the specified passcode.
WestRock Company (NYSE:WRK) announced that Steven C. Voorhees will step down as president and CEO for health reasons, effective March 15, 2021. David B. Sewell has been elected as his successor, bringing over 25 years of experience, including his recent role at The Sherwin-Williams Company. The Board highlighted Sewell's proven track record in driving profitable growth and organizational development. Voorhees expressed pride in the company’s achievements and confidence in Sewell's leadership. WestRock reported $17.6 billion in sales under Voorhees's tenure.
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