WestRock increased sales and EBITDA in 1Q2017

WestRock Company, a leading provider of differentiated paper and packaging solutions, increased profitability amid higher sales in 1Q2017. According to the disclosed information, the company’s net sales in the period totaled USD 3,656.3 million, generating USD 546.5 million of Adjusted Segment EBITDA (14.9% margin). The indicators are respectively 4.7% and 3% higher than in the same quarter the last year.

 

Steve Voorhees, CEO of WestRock, commented:

“We executed well during the March quarter and delivered year-over-year productivity improvements of USD 103 million and strong earnings. While higher input costs may persist, favorable price and demand trends along with WestRock’s unique portfolio of products and capabilities position us well to drive value for our customers and stockholders. We are looking forward to adding Multi Packaging Solutions to our portfolio, which is currently expected to occur by the end of the June quarter.”

In its fiscal first quarter ended December 31, 2016 WestRock announced USD 24 million decline in net sales.

Check other wood business-related companies 1Q2017 schedules for financial and operating results.

Earlier WestRock completed sale of home, health and beauty business.

About WestRock:

WestRock Company is one of the largest paper and packaging companies with USD15 billion in annual revenue and 42,000 employees in approximately 275 operating and business locations in 30 countries spanning North America, South America, Europe and Asia.

Source: Woodbizforum