WestRock: Fiscal 4Q Earnings Snapshot

Associated Press
Updated ·1 min read

ATLANTA (AP) _ WestRock Co. (WRK) on Thursday reported a fiscal fourth-quarter loss of $1.16 billion, after reporting a profit in the same period a year earlier.

The Atlanta-based company said it had a loss of $4.45 per share. Earnings, adjusted for one-time gains and costs, came to 73 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.

The paper and packaging company posted revenue of $4.47 billion in the period.

For the year, the company reported a loss of $690.9 million, or $2.67 per share, swinging to a loss in the period. Revenue was reported as $17.58 billion.

WestRock shares have declined 10% since the beginning of the year. The stock has dropped nearly 2% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WRK at https://www.zacks.com/ap/WRK