WestRock (WRK) Tops Q1 Earnings, To Buy KapStone For $4.9B
Zacks Investment Research | Jan 29, 2018 12:02AM ET
WestRock Company (NYSE:WRK) reported first-quarter fiscal 2018 (ended Dec 31, 2017) adjusted earnings of 87 cents per share, beating the Zacks Consensus Estimate of 75 cents by a margin of 16%. Earnings also surged 85% from the prior year quarter.
Including one-time items, the company posted earnings of $4.38 per share in the reported quarter compared to 32 cents per share recorded in the prior-year quarter.
Operational Update
WestRock’s total revenues rose 13% year over year to $3.9 billion. However, revenues missed the Zacks Consensus Estimate of $4 billion. The year-over-year improvement in sales was primarily driven by increased sales in the Corrugated Packaging and Consumer Packaging segments. This helped mitigate absence of net sales from WestRock’s former Home Health & Beauty (HH&B) business in the current-year quarter due to the sale of the same in April 2017.
Westrock Company Price, Consensus and EPS Surprise
industry with respect to price performance over the past year. The stock has gained 23.4%, while the industry has recorded growth of 30.7% during the same time frame.
Zacks Rank & Stocks to Consider
WestRock currently carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the same industry are Domtar Corp. (TO:UFS) and P. H. Glatfelter Co. (NYSE:GLT) . Both stocks carry a Zacks Rank #2 (Buy). You can see Zacks Investment Research
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