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WestRock fiscal Q3 profit climbs 15.7% YOY

WestRock Co. said its normalized net income for the fiscal third quarter ended June 30 was $1.12 per share, compared with the S&P Capital IQ consensus estimate of 99 cents per share.

EPS increased 18.4% year over year from 95 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $160.3 million, a gain of 15.7% from $138.5 million in the prior-year period.

The normalized profit margin climbed to 6.3% from 5.5% in the year-earlier period.

Total revenue totaled $2.54 billion, compared with $2.53 billion in the prior-year period, and total operating expenses fell from the prior-year period to $2.26 billion from $2.29 billion.

Reported net income rose 18.1% year over year to $157.0 million, or $1.10 per share, from $132.9 million, or 91 cents per share.