The Shadow
ATLANTA — WestRock Co. on Thursday reported a fiscal first-quarter profit of $138.5 million.
The Atlanta-based company said it had net income of 53 cents per share. Earnings, adjusted for one-time gains and costs, were 58 cents per share.
“We continue to execute our strategy to be the leading provider of differentiated paper and packaging solutions for our customers,” said Steve Voorhees, chief executive officer. “We achieved our guidance for the first quarter and remain focused on organic growth, productivity, free cash flow generation and debt reduction.”
The paper and packaging company posted revenue of $4.42 billion in the period.
Shares of WestRock stock have fallen slightly more than 5 percent since the beginning of the year. The stock has declined 2 percent in the last 12 months.
