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WestRock profit beats consensus by 28.6% in fiscal Q2

WestRock Co. said its normalized net income for the fiscal second quarter ended March 31 was 58 cents per share, compared with the S&P Capital IQ consensus estimate of 45 cents per share.

EPS climbed 20.7% year over year from 48 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $148.8 million, a gain of 19.4% from $124.6 million in the year-earlier period.

The normalized profit margin increased to 4.1% from 3.6% in the year-earlier period.

Total revenue climbed year over year to $3.66 billion from $3.49 billion, and total operating expenses increased on an annual basis to $3.38 billion from $3.23 billion.

Reported net income increased 79.8% on an annual basis to $101.8 million, or 40 cents per share, from $56.6 million, or 22 cents per share.