- Westrock Co WRK reported fourth-quarter FY22 sales growth of 6.1% year-on-year to $5.40 billion, missing the consensus of $5.47 billion.
- Corrugated Packaging segment revenue rose 8.3% Y/Y, Consumer Packaging segment increased 12.7%, and Global Paper segment decreased 2.3%.
- Gross profit gained 6.3% Y/Y to $1.1 billion with a gross margin of 19.6%.
- The operating margin was 8.5%, and operating income for the quarter fell 2.2% to $458.4 million.
- The company held $260.2 million in cash and equivalents as of September 30, 2022.
- Adjusted EBITDA of $920 million increased 4.8% Y/Y.
- Adjusted EPS of $1.43 beat the analyst consensus of $1.41.
- Price Action: WRK shares are trading higher by 6.69% at $36.85 on the last check Thursday.
- Photo Via Company
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in