WESTROCK COMPANY Announces FY2023 Q3 Earnings Results for June 30, 2023
August 17, 2023
🌥️Earnings Overview
Westrock Company ($NYSE:WRK) revealed its Q3 FY2023 financial results on August 3 2023 for the period ending June 30 2023. Total revenue was USD 5121.1 million, a 7.2% decrease from the same period last year, and net income fell 46.5% to USD 202.0 million.
Share Price
On Thursday, WESTROCK COMPANY announced its fiscal year 2023 third quarter financial results ending on June 30, 2023. The company reported a 6.2% rise in its stock price compared to the previous closing price of 32.5, opening at $33.9 and closing at $34.6. This increase in EPS is largely attributed to the company’s cost-reduction initiatives that have been successful in improving its margins.
The company is confident that its long-term investments and strategic initiatives will result in sustainable growth and increased value for its shareholders. WESTROCK COMPANY is committed to delivering strong financial performance and is well-positioned to benefit from the current market conditions. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Westrock Company. More…
| Total Revenues | Net Income | Net Margin |
| 20.72k | -1.41k | 0.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Westrock Company. More…
| Operations | Investing | Financing |
| 1.78k | -1.78k | 20.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Westrock Company. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 28.15k | 18.12k | 39.07 |
Key Ratios Snapshot
Some of the financial key ratios for Westrock Company are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.3% | 0.5% | -4.6% |
| FCF Margin | ROE | ROA |
| 3.2% | -6.1% | -2.1% |
Analysis
We at GoodWhale recently conducted a wellbeing analysis of WESTROCK COMPANY, and the results show that the company is a low risk investment in terms of financial and business aspects. Our analysis also revealed areas of potential risks within the business and financial departments, so we suggest that you register with us on goodwhale.com to gain further insights into these areas. Upon registration, you will be able to access all the information regarding our insight into the overall financial health of WESTROCK COMPANY. We hope that this information is helpful to you in making the right decision for your investment. We are here to help and advise you on any further inquiry or information you may need to make your decision. More…
Peers
WestRock Co is one of the leading global corrugated packaging companies. Its competitors include Rengo Co Ltd, Huhtamäki Oyj, and Greatview Aseptic Packaging Co Ltd. WestRock Co has a diversified portfolio of products and services that provide solutions for its customers’ packaging needs. The company has a strong focus on innovation and sustainability, and is dedicated to providing its customers with superior packaging solutions.
– Rengo Co Ltd ($TSE:3941)
Rengo Co., Ltd. is a Japanese company that manufactures and sells corrugated packaging products. It has a market cap of 205.28B as of 2022 and a return on equity of 6.43%. The company operates in three business segments: corrugated packaging, industrial packaging, and other. The corrugated packaging segment manufactures and sells corrugated boxes and sheets. The industrial packaging segment manufactures and sells containers, pallets, and other products. The other segment includes logistics and recycling businesses.
– Huhtamäki Oyj ($OTCPK:HOYFF)
Hutamaki Oyj is a Finnish food packaging company. The company has a market cap of 3.43B as of 2022 and a return on equity of 12.76%. Hutamaki Oyj produces and supplies paper and plastic disposable food packaging products. The company’s products include cups, plates, bowls, food containers, lids, and trays.
– Greatview Aseptic Packaging Co Ltd ($SEHK:00468)
Greatview Aseptic Packaging Co Ltd is a market leader in aseptic packaging solutions and services. The company has a market capitalization of 1.51 billion as of 2022 and a return on equity of 6.65%. Greatview Aseptic Packaging Co Ltd provides aseptic packaging solutions for dairy, beverage, and food products. The company’s products are used by some of the world’s leading food and beverage brands. Greatview Aseptic Packaging Co Ltd has a strong focus on research and development and has a team of experienced engineers and scientists who develop new aseptic packaging solutions.
Summary
Investors in WestRock Company should take note of the company’s recently released earnings results for FY2023 Q3, which ended on June 30 2023. The reported total revenue for the quarter amounted to USD 5121.1 million, which is a 7.2% decrease compared to the same quarter of the previous year. This decrease resulted in a 46.5% drop in net income for the quarter to USD 202.0 million.
Upon release of these results, the stock price moved upwards, indicating investor optimism about the company’s future prospects. Investors are advised to consider the company’s overall performance and outlook before making investing decisions.
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