{"id":19108,"date":"2023-11-14T12:00:47","date_gmt":"2023-11-14T08:30:47","guid":{"rendered":"https:\/\/paw.ir\/?p=19108"},"modified":"2023-11-13T01:08:53","modified_gmt":"2023-11-12T21:38:53","slug":"westrock-co-wrk-reports-fiscal-fourth-quarter-and-full-year-2023-results","status":"publish","type":"post","link":"https:\/\/paw.ir\/?p=19108","title":{"rendered":"WestRock Co (WRK) Reports Fiscal Fourth Quarter and Full Year 2023 Results"},"content":{"rendered":"<div class=\"caas-body-section\">\n<div class=\"caas-content wafer-sticky\" data-wf-sticky-boundary=\"caas-body-section\" data-wf-sticky-offset=\"165px 10px\" data-wf-sticky-target=\".caas-share-buttons\">\n<div class=\"caas-content-wrapper\">\n<div class=\"caas-body\">\n<ul class=\"caas-list caas-list-bullet\">\n<li>WestRock Co (<a class=\"link \" href=\"https:\/\/www.gurufocus.com\/stock\/WRK\/summary\" target=\"_blank\" rel=\"nofollow noopener\" data-ylk=\"slk:NYSE:WRK;elm:context_link;itc:0\" data-rapid_p=\"16\" data-v9y=\"1\">NYSE:WRK<\/a>) announces a net income of $110 million for Q4, with adjusted net income at $210 million.<\/li>\n<li>Net sales reached $5.0 billion in Q4, despite a 7.7% decline from the previous year.<\/li>\n<li>Full-year 2023 net loss reported at $1.6 billion, with adjusted net income of $778 million and consolidated adjusted EBITDA of $3.0 billion.<\/li>\n<li>Corrugated Packaging segment Adjusted EBITDA increased by 13.0% compared to Q4 of fiscal 2022.<\/li>\n<\/ul>\n<ul class=\"caas-list caas-list-bullet\">\n<li><a class=\"link \" href=\"https:\/\/www.gurufocus.com\/stock\/WRK\/summary?&amp;r=caf6fe0e0db70d936033da5461e60141&amp;utm_source=yahoo&amp;utm_medium=article&amp;utm_campaign=yahoo\" target=\"_blank\" rel=\"nofollow noopener\" data-ylk=\"slk:Warning! GuruFocus has detected 5 Warning Sign with WRK.;elm:context_link;itc:0\" data-rapid_p=\"17\" data-v9y=\"1\">Warning! GuruFocus has detected 5 Warning Sign with WRK.<\/a><\/li>\n<\/ul>\n<p>On November 9, 2023, WestRock Co (<a class=\"link \" href=\"https:\/\/www.gurufocus.com\/stock\/WRK\/summary\" target=\"_blank\" rel=\"nofollow noopener\" data-ylk=\"slk:NYSE:WRK;elm:context_link;itc:0\" data-rapid_p=\"18\" data-v9y=\"1\">NYSE:WRK<\/a>), a leader in sustainable paper and packaging solutions, disclosed its financial results for the fourth quarter and full fiscal year ending September 30, 2023. The company faced a challenging quarter with net sales of $5.0 billion, a decrease of 7.7% from the same period last year. Despite these challenges, WestRock reported a net income of $110 million and an adjusted net income of $210 million for the quarter. The company&#8217;s full-year 2023 results showed a net loss of $1.6 billion, significantly impacted by a $1.9 billion pre-tax, non-cash goodwill impairment and $859 million of pre-tax restructuring and other costs. However, adjusted net income for the year stood at $778 million, with consolidated adjusted EBITDA reaching $3.0 billion.<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<aside class=\"caas-aside-section\">\n<div class=\"caas-non-sticky-sda\">\n<div id=\"module-dynamicRR\" class=\"W(300px) Pos(r) Mt(10px) Mb($gridMargin)\">\n<div id=\"module-quoteLookup\" class=\"wafer-rapid-module\">\n<div>\n<div class=\"W(100%) Mb(20px) O(n):f O(n):h Ff($yahooSansFinanceFont)!\" data-id=\"fin-quote-lookup\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/aside>\n","protected":false},"excerpt":{"rendered":"<p>WestRock Co (NYSE:WRK) announces a net income of $110 million for Q4, with adjusted net income at $210 million. Net sales reached $5.0 billion in Q4, despite a 7.7% decline from the previous year. Full-year 2023 net loss reported at $1.6 billion, with adjusted net income of $778 million and consolidated adjusted EBITDA of $3.0 [&#8230;]\n","protected":false},"author":4,"featured_media":19109,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[131],"tags":[6834,6835,1111,1112,6836,6837,6838,2969,1123,1124,514,2547,3975,1086,662,246,6839,6840,6841,6842,6843,1629,3792,3977,525,665,1130,666,1518,130,1145,531,4875,6844,754,3260,132,6845,1474,6846],"class_list":["post-19108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world-news","tag-2023-net-loss","tag-adjusted-ebitda","tag-analysis","tag-business","tag-cash-flow","tag-ceo-david-b-sewell","tag-chattanooga-mill","tag-consumer-packaging","tag-containerboard","tag-corrugate","tag-corrugated","tag-corrugated-packaging","tag-david-b-sewell","tag-ebitda","tag-economy","tag-en","tag-financial-performance","tag-fiscal-fourth-quarter","tag-fiscal-full-year-2023-results","tag-full-year-2023-results","tag-global-paper-segment","tag-mexico","tag-net-sales","tag-nysewrk","tag-packaging","tag-paper-machinery","tag-paper-manufacturer","tag-paper-mill","tag-paper-news","tag-pulp","tag-pulp-paper","tag-recycling","tag-smurfit-kappa-group","tag-stocks","tag-sustainable-packaging","tag-sustainable-paper","tag-westrock","tag-westrock-co","tag-world-paper","tag-wrk"],"acf":[],"_links":{"self":[{"href":"https:\/\/paw.ir\/index.php?rest_route=\/wp\/v2\/posts\/19108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/paw.ir\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/paw.ir\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/paw.ir\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/paw.ir\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19108"}],"version-history":[{"count":1,"href":"https:\/\/paw.ir\/index.php?rest_route=\/wp\/v2\/posts\/19108\/revisions"}],"predecessor-version":[{"id":19110,"href":"https:\/\/paw.ir\/index.php?rest_route=\/wp\/v2\/posts\/19108\/revisions\/19110"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/paw.ir\/index.php?rest_route=\/wp\/v2\/media\/19109"}],"wp:attachment":[{"href":"https:\/\/paw.ir\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/paw.ir\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/paw.ir\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}