Brief: Westrock Reports Strong Fourth Quarter Fiscal 2023 Results

WestRock Co

09/11/2023 12:17

Nov 9 (Reuters) - Westrock Co  WRK.N :
    * WESTROCK REPORTS STRONG FOURTH QUARTER FISCAL 2023 RESULTS
    * QTRLY EARNED $0.43 PER DILUTED SHARE ("EPS") AND $0.81 OF
ADJUSTED EPS
    * QTRLY RESULTS NEGATIVELY IMPACTED BY $64 MILLION DUE TO
ECONOMIC
DOWNTIME AND A $40 MILLION INCREASE IN NON-CASH PENSION COSTS
    * "AS WE TURN TO FISCAL 2024, WE REMAIN COMMITTED TO
UNLOCKING
ADDITIONAL COST SAVINGS"
    * QTRLY NET SALES OF $5.0 BILLION
    * RESTRUCTURING AND OTHER COSTS, NET DURING Q4 OF FISCAL
2023 WERE
$344 MILLION
    * Q4 EARNINGS PER SHARE VIEW $0.74 -- LSEG IBES DATA

Source text for Eikon:  ID:nBw6pGplWa 
Further company coverage:  WRK.N 

 ((Reuters.Briefs@thomsonreuters.com;))