WestRock Company manufactures and sells paper and packaging solutions in North America, South America, Europe, Asia, and Australia. The company operates through Corrugated Packaging and Consumer Packaging segments. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards for sale to consumer and industrial products manufacturers, and corrugated box manufacturers. It also provides structural and graphic design, engineering services and custom, and automated packaging machines; offers a machinery solution that creates pouches to replace single-use plastics, including bubble mailers; distributes corrugated packaging materials and other specialty packaging products, including stretch films, void fills, carton sealing tapes, and other specialty tapes; operates recycling facilities that collect, sort, grade, and bale recovered paper; and provides lithographic laminated packaging products, as well as contract packing services. The Consumer Packaging segment manufactures and sells folding cartons that are used to package food, paper, beverages, dairy products, tobacco, confectionery, health and beauty, other household consumer, and commercial and industrial products; and express mail packages for the overnight courier industry. It also offers inserts and labels, as well as rigid packaging and other printed packaging products, such as transaction cards, brochures, product literature, marketing materials, and grower tags and plant stakes for the horticultural market; and secondary packages and paperboard packaging for over-the-counter and prescription drugs. In addition, this segment manufactures and sells solid fiber and corrugated partitions, and die-cut paperboard components principally to glass container manufacturers, producers of beer, food, wine, spirits, cosmetics and pharmaceuticals, and the automotive industry. WestRock Company is based in Atlanta, Georgia.
IPO Year: 2015
Exchange: NYSE
Website: westrock.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/29/2024 | Buy → Neutral | Seaport Research Partners | |
| 1/8/2024 | Outperform | Exane BNP Paribas | |
| 11/17/2023 | Hold → Buy | Argus | |
| 4/20/2023 | $38.00 → $40.00 | Neutral → Buy | BofA Securities |
| 3/20/2023 | $34.00 → $32.00 | Neutral → Buy | Citigroup |
| 2/13/2023 | Buy → Hold | Argus | |
| 6/21/2022 | $53.00 → $45.00 | Buy → Neutral | Citigroup |
| 2/4/2022 | $43.00 → $42.00 | Underweight | Keybanc |
| 1/20/2022 | $60.00 → $57.00 | Buy → Neutral | B of A Securities |
| 11/11/2021 | $67.00 → $60.00 | Buy | Citigroup |
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WestRock Company (NYSE:WRK), a leading provider of sustainable paper and packaging solutions, today announced results for its fiscal second quarter ended March 31, 2024. Second Quarter Highlights and other notable items: Net sales of $4.73 billion Net income of $16 million, Adjusted Net Income of $101 million; net income included $81 million of restructuring and other costs, net Earnings of $0.06 per diluted share ("EPS") and Adjusted EPS of $0.39 Consolidated Adjusted EBITDA of $618 million Consumer Packaging Adjusted EBITDA margin increased 70 bps to 18.0% Achieved over $160 million in cost savings; expect to significantly exceed previously announced fiscal 2024 target
WestRock Company (NYSE:WRK) today reported that its board of directors declared a quarterly dividend of $0.3025 per share on its common stock. The quarterly dividend of $0.3025 per share will be paid to stockholders of record as of the close of business on May 14, 2024, and will be paid on May 22, 2024. About WestRock WestRock (NYSE:WRK) partners with our customers to provide sustainable paper and packaging solutions that help them win in the marketplace. WestRock's team members support customers around the world from locations spanning North America, South America, Europe, Asia and Australia. Learn more at www.westrock.com. View source version on businesswire.com: https://www.business
WestRock Company (NYSE:WRK) today announced that it will release fiscal 2024 second quarter results before the market opens on Thursday, May 2, 2024. Due to the proposed business combination with Smurfit Kappa Group plc, WestRock will not host a conference call. A press release, a slide presentation and other relevant financial and statistical information will be accessible on the Investors section of WestRock's website at ir.westrock.com. About WestRock WestRock (NYSE:WRK) partners with our customers to provide sustainable paper and packaging solutions that help them win in the marketplace. WestRock's team members support customers around the world from locations spanning North Ame
WestRock Company (NYSE:WRK), a leading provider of sustainable paper and packaging solutions, today announced results for its fiscal first quarter ended December 31, 2023. First Quarter Highlights and other notable items: Net sales of $4.6 billion; Corrugated Packaging segment sales increased 3.5% compared to the prior year quarter Global Paper containerboard shipments increased 21.9% compared to the prior year quarter Net loss of $22 million, Adjusted Net Income of $51 million; net loss included $66 million of restructuring and other costs, net Loss of $0.09 per diluted share ("EPS") and earned $0.20 of Adjusted EPS Consolidated Adjusted EBITDA of $571 million Consumer
WestRock Company (NYSE:WRK) today reported that its board of directors declared a quarterly dividend of $0.3025 per share on its common stock. The quarterly dividend of $0.3025 per share will be paid to stockholders of record as of the close of business on February 9, 2024, and will be paid on February 21, 2024. About WestRock WestRock (NYSE:WRK) partners with our customers to provide sustainable paper and packaging solutions that help them win in the marketplace. WestRock's team members support customers around the world from locations spanning North America, South America, Europe, Asia and Australia. Learn more at www.westrock.com. View source version on businesswire.com: https://www
WestRock Company (NYSE:WRK) today announced that it will release fiscal 2024 first quarter results before the market opens on Thursday, February 1, 2024. Due to the proposed business combination with Smurfit Kappa Group plc, WestRock will not host a conference call. The press release, a slide presentation and other relevant financial and statistical information will be accessible on the Investors section of WestRock's website at ir.westrock.com. About WestRock WestRock (NYSE:WRK) partners with our customers to provide sustainable paper and packaging solutions that help them win in the marketplace. WestRock's team members support customers around the world from locations spanning Nor
WestRock Company (NYSE:WRK), a leading provider of sustainable paper and packaging solutions, today announced results for its fiscal fourth quarter and year ended September 30, 2023. Fourth Quarter Highlights and other notable items: Net sales of $5.0 billion Net income of $110 million, Adjusted Net Income of $210 million; net income included $344 million ($239 million of which was non-cash) of restructuring and other costs, net and a $239 million gain on sale of the Company's interior partitions converting operations and Chattanooga, Tennessee uncoated recycled paperboard mill Earned $0.43 per diluted share ("EPS") and $0.81 of Adjusted EPS Consolidated Adjusted EBITDA of $73
WestRock Company (NYSE:WRK) today reported that its board of directors declared a quarterly dividend of $0.3025 per share on its common stock, an increase of $0.0275 per share from its previous quarterly dividend which represents an annualized increase of $0.11 per share, or 10%. The quarterly dividend of $0.3025 per share will be paid to stockholders of record as of the close of business on November 13, 2023, and will be paid on November 21, 2023. About WestRock WestRock (NYSE:WRK) partners with our customers to provide sustainable paper and packaging solutions that help them win in the marketplace. WestRock's team members support customers around the world from locations spanning Nort
Reiterates Fiscal 2023 Guidance CFO Transition Solo Brands, Inc. (NYSE:DTC) ("Solo Brands" or "the Company") an omni-channel platform of beloved brands Solo Stove, Chubbies, Oru Kayak, ISLE, and Icy Breeze today announced that Somer Webb, Chief Financial Officer ("CFO"), has notified the Company of her intent to pursue other opportunities. Ms. Webb will remain with the Company until December 10, 2023. The Company has engaged an executive search firm to assist in identifying her successor. The Company has also announced Andrea Tarbox will assume the role of Interim CFO beginning on December 10, 2023. Ms. Tarbox serves on the board of directors of Solo Brands and chairs the audit commit
WestRock Company (NYSE:WRK) today announced that it will release fourth quarter and full year fiscal 2023 results before the market opens on Thursday, November 9, 2023. Due to the proposed business combination with Smurfit Kappa Group plc, WestRock will not host a conference call. The press release, a slide presentation and other relevant financial and statistical information will be accessible on the Investors section of WestRock's website at ir.westrock.com. About WestRock WestRock (NYSE:WRK) partners with our customers to provide sustainable paper and packaging solutions that help them win in the marketplace. WestRock's team members support customers around the world from locatio
PLEASANT PRAIRIE, Wis., June 27, 2024 /PRNewswire/ -- Dermody Properties—a diversified private equity investment management company focused exclusively on the national logistics real estate sector—is pleased to announce that WestRock, a global leader in sustainable packaging, has signed a build-to-suit lease at LogistiCenter℠ at Pleasant Prairie. WestRock is establishing a Great Lakes regional corrugated operations hub and will require more than 580,000 square feet within Wisconsin's newest rail-served logistics park. "We are pleased that WestRock is entrusting Dermody Propert
WestRock Company (NYSE:WRK), a leading provider of sustainable fiber-based paper and packaging solutions, today announced that, based on the preliminary vote count, WestRock stockholders voted to approve the Transaction Agreement and other proposals related to the combination of Smurfit Kappa Group plc ("Smurfit Kappa") and WestRock (the "Combination") at WestRock's Special Meeting of Stockholders held earlier today. Pursuant to the terms of the Transaction Agreement entered into on September 12, 2023, Smurfit WestRock will acquire Smurfit Kappa by means of a scheme of arrangement under the Companies Act 2014 of Ireland (as amended) (the "Smurfit Kappa Share Exchange"), and Sun Merger Sub
For the second consecutive year, WestRock (NYSE:WRK), a leading provider of sustainable fiber-based packaging solutions, has ranked first in the Packaging and Containers industry category on the Fortune 500 list compiled by Fortune Magazine. The prestigious list recognizes the 500 largest corporations in the United States by total revenue for the 2023 fiscal year. WestRock rose to the top of its industry in 2022 and maintained its position in 2023 with $20.3 billion in annual revenue. The Company released its 2023 Sustainability Report in May, highlighting new innovations to replace plastic with fiber-based materials and develop alternative packaging solutions using technologies such as
Texas-based solar project propels WestRock's pursuit of its science-based targets to reduce greenhouse gas emissions Project demonstrates the company's strategic approach to support clean, renewable energy and economic development WestRock (NYSE:WRK), a leading provider of sustainable fiber-based paper and packaging solutions, is making progress toward its science-based greenhouse gas targets by supporting the first of two Texas-based solar projects. WestRock set the stage by entering into virtual power purchase agreements (VPPAs) with ENGIE North America (ENGIE), a subsidiary of ENGIE S.A. and global leader in the net zero energy transition. Bernard Creek Solar, LLC, the first of
WestRock Company (NYSE:WRK), a leading provider of sustainable paper and packaging solutions, today announced results for its fiscal second quarter ended March 31, 2024. Second Quarter Highlights and other notable items: Net sales of $4.73 billion Net income of $16 million, Adjusted Net Income of $101 million; net income included $81 million of restructuring and other costs, net Earnings of $0.06 per diluted share ("EPS") and Adjusted EPS of $0.39 Consolidated Adjusted EBITDA of $618 million Consumer Packaging Adjusted EBITDA margin increased 70 bps to 18.0% Achieved over $160 million in cost savings; expect to significantly exceed previously announced fiscal 2024 target
WestRock Company (NYSE:WRK) today reported that its board of directors declared a quarterly dividend of $0.3025 per share on its common stock. The quarterly dividend of $0.3025 per share will be paid to stockholders of record as of the close of business on May 14, 2024, and will be paid on May 22, 2024. About WestRock WestRock (NYSE:WRK) partners with our customers to provide sustainable paper and packaging solutions that help them win in the marketplace. WestRock's team members support customers around the world from locations spanning North America, South America, Europe, Asia and Australia. Learn more at www.westrock.com. View source version on businesswire.com: https://www.business
WestRock Company (NYSE:WRK) today announced that it will release fiscal 2024 second quarter results before the market opens on Thursday, May 2, 2024. Due to the proposed business combination with Smurfit Kappa Group plc, WestRock will not host a conference call. A press release, a slide presentation and other relevant financial and statistical information will be accessible on the Investors section of WestRock's website at ir.westrock.com. About WestRock WestRock (NYSE:WRK) partners with our customers to provide sustainable paper and packaging solutions that help them win in the marketplace. WestRock's team members support customers around the world from locations spanning North Ame
WestRock Company (NYSE:WRK), a leading provider of sustainable paper and packaging solutions, today announced results for its fiscal first quarter ended December 31, 2023. First Quarter Highlights and other notable items: Net sales of $4.6 billion; Corrugated Packaging segment sales increased 3.5% compared to the prior year quarter Global Paper containerboard shipments increased 21.9% compared to the prior year quarter Net loss of $22 million, Adjusted Net Income of $51 million; net loss included $66 million of restructuring and other costs, net Loss of $0.09 per diluted share ("EPS") and earned $0.20 of Adjusted EPS Consolidated Adjusted EBITDA of $571 million Consumer
WestRock Company (NYSE:WRK) today reported that its board of directors declared a quarterly dividend of $0.3025 per share on its common stock. The quarterly dividend of $0.3025 per share will be paid to stockholders of record as of the close of business on February 9, 2024, and will be paid on February 21, 2024. About WestRock WestRock (NYSE:WRK) partners with our customers to provide sustainable paper and packaging solutions that help them win in the marketplace. WestRock's team members support customers around the world from locations spanning North America, South America, Europe, Asia and Australia. Learn more at www.westrock.com. View source version on businesswire.com: https://www
New state-of-the-art facility will enhance ability to meet growing demand and better serve customers in Great Lakes region WestRock Company (NYSE:WRK) today announced plans to build a new corrugated box plant in Pleasant Prairie, Wisconsin, to meet growing demand from customers in the Great Lakes region. The Company intends to close its existing plant in North Chicago when construction of the new facility is completed. This investment will position WestRock to increase its production capabilities and improve its cost profile in the Great Lakes region. Construction is estimated to cost approximately $140 million and is expected to be partially offset by property sales. "Investing in a
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U.S. stocks were mixed, with the Dow Jones index gaining around 150 points on Thursday. Shares of KB Home (NYSE:KBH) rose during Thursday's session as the company posted better-than-expected earnings and sales results for its second quarter on Tuesday. KB Home reported quarterly earnings of $2.15 per share, which beat the analyst consensus estimate of $1.78. Quarterly sales came in at $1.71 billion, which beat the analyst consensus estimate of $1.651 billion, according to data from Benzinga Pro. KB Home shares gained 4.2% to $70.91 on Thursday. Here are some other big stocks recording gains in today’s session. Ocular Therapeutix, Inc. (NASDAQ:OCUL) shares climbed 16% to $6.36
WestRock's (NYSE:WRK) short percent of float has risen 36.59% since its last report. The company recently reported that it has 13.92 million shares sold short, which is 6.16% of all regular shares that are available for trading. Based on its trading volume, it would take traders 8.27 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is i
Analysts' ratings for WestRock (NYSE:WRK) over the last quarter vary from bullish to bearish, as provided by 4 analysts. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 3 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 2 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 Analysts have recently evaluated WestRock and provided 12-month price targets. The average target is $54.0, accompanied by a high estimate of $57.00 and a low estimate of $51.00. This upward trend is apparent, with the current average refle
Truist Securities analyst Michael Roxland maintains WestRock (NYSE:WRK) with a Hold and raises the price target from $51 to $57.
WestRock's (NYSE:WRK) short percent of float has fallen 16.54% since its last report. The company recently reported that it has 14.59 million shares sold short, which is 6.46% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.27 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
Truist Securities analyst Michael Roxland reiterates WestRock (NYSE:WRK) with a Hold and raises the price target from $42 to $51.
Truist Securities analyst Michael Roxland maintains WestRock (NYSE:WRK) with a Hold and raises the price target from $42 to $51.
Argus Research analyst David Coleman maintains WestRock (NYSE:WRK) with a Buy and raises the price target from $50 to $57.
Wells Fargo analyst Gabe Hajde maintains WestRock (NYSE:WRK) with a Equal-Weight and raises the price target from $46 to $51.
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Seaport Research Partners downgraded WestRock from Buy to Neutral
Exane BNP Paribas resumed coverage of WestRock with a rating of Outperform
Argus upgraded WestRock from Hold to Buy
BofA Securities upgraded WestRock from Neutral to Buy and set a new price target of $40.00 from $38.00 previously
Citigroup upgraded WestRock from Neutral to Buy and set a new price target of $32.00 from $34.00 previously
Argus downgraded WestRock from Buy to Hold
Citigroup downgraded WestRock from Buy to Neutral and set a new price target of $45.00 from $53.00 previously
Keybanc reiterated coverage of WestRock with a rating of Underweight and set a new price target of $42.00 from $43.00 previously
B of A Securities downgraded WestRock from Buy to Neutral and set a new price target of $57.00 from $60.00 previously
Citigroup reiterated coverage of WestRock with a rating of Buy and set a new price target of $60.00 from $67.00 previously
Texas-based solar project propels WestRock's pursuit of its science-based targets to reduce greenhouse gas emissions Project demonstrates the company's strategic approach to support clean, renewable energy and economic development WestRock (NYSE:WRK), a leading provider of sustainable fiber-based paper and packaging solutions, is making progress toward its science-based greenhouse gas targets by supporting the first of two Texas-based solar projects. WestRock set the stage by entering into virtual power purchase agreements (VPPAs) with ENGIE North America (ENGIE), a subsidiary of ENGIE S.A. and global leader in the net zero energy transition. Bernard Creek Solar, LLC, the first of
Texas-based solar projects to support WestRock's pursuit of science-based targets for reduction of greenhouse gas emissions WestRock (NYSE:WRK), a leader in sustainable fiber-based paper and packaging solutions, today announced it has entered into two virtual power purchase agreements (VPPAs) with ENGIE North America (ENGIE), a subsidiary of ENGIE S.A. and global leader in the net zero energy transition. The VPPAs are designed to add renewable energy to the U.S. energy grid and mark a step forward in WestRock's commitment to reduce greenhouse gas emissions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231114609659/en/Two vir
ATLANTA--(BUSINESS WIRE)--WestRock Company (NYSE:WRK), a leading provider of differentiated paper and packaging solutions, announced today that Steven C. Voorhees has decided to step down from his position as president and chief executive officer and a director of the Company for health reasons, effective March 15, 2021. In addition, the Company’s Board of Directors announced that, following a comprehensive search as part of the Company’s long-term succession processes, it has elected David B. Sewell to succeed Voorhees as WestRock’s president and chief executive officer at that time. Sewell has been appointed to the Board of Directors, effective as of when he assumes his new role,