WRK Stock Recent News

ATLANTA--(BUSINESS WIRE)--WestRock Company (NYSE: WRK) today announced that it will host a conference call to discuss second quarter fiscal 2023 results, as well as other topics, on Thursday, May 4, 2023, at 8:30 a.m. ET. A press release detailing the Company's second quarter fiscal 2023 results will be issued before the market opens and prior to the call.

ATLANTA--(BUSINESS WIRE)--WestRock Company (NYSE: WRK), a leading provider of sustainable paper and packaging solutions, today announced its participation in the Bank of America 2023 Global Agriculture and Materials Conference on March 1, 2023. Alex Pease, chief financial officer, will present information about the Company at 4:30 pm ET. This event will be webcast and available for replay on WestRock's website, ir.westrock.com.

WestRock shares fell nearly 8% last week as management withdrew full-year guidance following weak results in the company's global paper segment. While 2023 will likely be a disappointing year, WestRock has many attractive attributes, including a solid position in an improved corrugated packaging industry.

Client inventory levels (with lower demand) and adverse weather negatively impacted WestRock's Q1 financials. Our Plastic to Paper thesis is still on. The packaging division delivered another solid quarter.

WestRock (WRK) witnesses a year-over-year decline in earnings and revenues in the first quarter of fiscal 2023 owing to lower volumes and higher costs.

Shares of WestRock Co. WRK, -15.57% tumbled 16.0% toward a more than 3-month low, enough to pace the S&P 500's SPX, +0.79% decliners, after the paper and packaging company reported fiscal first-quarter profit and sales that missed expectations and pulled its full-year outlook citing “uncertain macroeconomic conditions.” The selloff, comes a day after closing at a 4 1/2-month high, was on track to be the stock's worst one-day performance since it plunged 17.3% on May 5, 2020.

Business looks bleak for this box maker.

WestRock Company (NYSE:WRK ) Q1 2023 Earnings Conference Call February 1, 2023 8:30 AM ET Company Participants Rob Quartaro - Senior Vice President, Investor Relations David Sewell - Chief Executive Officer Alex Pease - Chief Financial Officer Conference Call Participants Kyle White - Deutsche Bank Mark Weintraub - Seaport George Staphos - Bank of America Cleve Rueckert - UBS Phil Ng - Jefferies Gabe Hajde - Wells Fargo Anthony Pettinari - Citi Operator Good morning and welcome to the WestRock First Fiscal Quarter 2023 Earnings Call. All participants will be in listen-only mode.

WestRock (WRK) delivered earnings and revenue surprises of -8.33% and 3.35%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

WestRock's (WRK) Q1 results are likely to reflect the recent weakness in packaging demand, lower shipping days and the impacts of maintenance downtime.