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WestRock fiscal Q1 profit climbs 8.9% YOY

WestRock Co. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, was 89 cents per share, an increase of 11.8% from 80 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 $127.7 million, a gain of 8.9% from $117.3 million in the prior-year period.

The normalized profit margin rose to 5.1% from 5.0% in the year-earlier period.

Total revenue increased 6.4% on an annual basis to $2.51 billion from $2.36 billion, and total operating expenses climbed 6.4% from the prior-year period to $2.29 billion from $2.15 billion.

Reported net income increased 14.3% on an annual basis to $125.7 million, or 88 cents per share, from $110.0 million, or 75 cents per share.