- WestRock (NYSE:WRK +4.2%) reports revenue fell 9.7% in FQ3. Corrugated Packaging sales -11% to $2.73B and Consumer Packaging sales -5.9% to $1.55B.
- Adjusted EBITDA squeezed 17.5% to $707.8M.The Corrugated Packaging segment Adjusted EBITDA margin of 18.3% and Consumer Packaging segment Adjusted EBITDA margin of 15.6%.
- The company generated net cash provided by operating activities of $740M vs. $734.6M year ago and adjusted free cash flow of $508M vs. $397.8M year ago.
- During the quarter, the company invested $244M in capital expenditures and paid $52M in dividends to stockholders.
- Previously: WestRock EPS beats by $0.32, misses on revenue (Aug. 4)