earnings
confidence high
sentiment neutral
materiality 0.70
WestRock Q2 net sales $4.73B, adj. EPS $0.39; Smurfit Kappa deal on track for early July 2024
WestRock Co
2024-Q2 EPS reported
-$0.03
revenue$9,346,700,000
- Net sales $4.73B vs $5.28B YoY; net income $16M vs loss $2.01B; adj. EPS $0.39.
- Consolidated adj. EBITDA $618M vs $789M YoY; Consumer Packaging margin +70 bps to 18.0%.
- Already achieved $160M+ cost savings; expect to exceed fiscal 2024 target of $300-400M.
- No conference call or guidance due to pending Smurfit Kappa combination; close expected early July 2024.