WESTROCK COMPANY Reports Fourth Quarter Earnings Results for Fiscal Year 2023
December 3, 2023
🌥️Earnings Overview
On September 30th 2023, WESTROCK COMPANY ($NYSE:WRK) reported their fourth quarter earnings results for the fiscal year of 2023, with total revenue of USD 4988.2 million – a 7.7% decrease from the previous year – and net income of USD 109.8 million, which was down 68.1% year over year.
Share Price
The stock opened at $38.2 and closed at $38.4, up by 2.6% from previous closing price of 37.4. This is a positive sign for investors in the company and for the market overall. The company reported strong financial results for the quarter, including an increase in annual revenue of 8%, with the majority of that growth coming in North America. This marks a significant improvement over the prior year’s results, providing evidence of the company’s ability to expand its operations and increase its profitability.
WESTROCK’s shareholders will be pleased to see that the company’s stock is rising in response to these earnings results. This not only demonstrates the confidence of investors in the company’s performance, but also speaks to the overall health of the market. With the continuous growth of the market, WESTROCK is well-positioned to continue its success in the coming quarters and years. 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 |
| 20.31k | -1.65k | 3.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Westrock Company. More…
| Operations | Investing | Financing |
| 1.83k | -1.51k | -193.5 |
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 |
| 27.44k | 17.35k | 39.32 |
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 |
| 4.9% | 1.5% | -6.3% |
| FCF Margin | ROE | ROA |
| 3.4% | -8.0% | -2.9% |
Analysis
GoodWhale has conducted an analysis of the financials of WESTROCK COMPANY to provide investors with the most accurate information available. Our Star Chart analysis reveals that WESTROCK COMPANY is strong in asset, dividend, medium in profitability and weak in growth. Their balance sheet and cash flow indicate a score of 6/10 in terms of health, meaning they are likely to be able to safely ride out any crisis without the risk of bankruptcy. After looking at the financials, we have concluded that WESTROCK COMPANY is classified as a ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. Investors who are looking for a steady return on their investment would likely be interested in WESTROCK COMPANY. 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
Westrock Company reported total revenue of USD 4988.2 million for the fourth quarter of their fiscal year 2023, a 7.7% decrease from the previous year. Net income of USD 109.8 million was down 68.1% year over year. This decline in profitability is concerning for investors, indicating that Westrock may have difficulty staying competitive in the current market.
Investors should closely monitor the company’s performance in the coming quarters to assess whether it can rally and regain lost ground. It may be advisable to reduce exposure to the stock until the company’s performance and outlook become clearer.
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