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WestRock fiscal Q2 profit climbs 26.3% YOY

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According to Market Intelligence, December 2022

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WestRock fiscal Q2 profit climbs 26.3% YOY

WestRock Co. said its normalized net income for the fiscal second quarter ended March 31 amounted to 80 cents per share, an increase of 29.3% from 62 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $113.8 million, a gain of 26.3% from $90.0 million in the prior-year period.

The normalized profit margin climbed to 4.7% from 3.8% in the year-earlier period.

Total revenue rose on an annual basis to $2.46 billion from $2.39 billion, and total operating expenses rose on an annual basis to $2.25 billion from $2.23 billion.

Reported net income grew 32.0% on an annual basis to $109.9 million, or 77 cents per share, from $83.2 million, or 57 cents per share.