WestRock Company (WRK, $37.94) tops Q4 earnings expectations

WestRock Company posted earnings for its fourth quarter that surpassed the Street expectations.

The corrugated packaging company's adjusted earnings came in at $1.43 per share, above the $1.41 per share expected by analysts’ (according to Thomson Reuters compilation).

Revenue climbed +6.1% from the year-ago quarter to $5.40 billion. The company’s sales from Corrugated Packaging business rose +8% year over year to $2,386 million, while adjusted segment EBITDA increased +6% year over year to $384 million. The Consumer Packaging segment’s sales were up +12.7% year-over-year to $1,306 million, with adjusted segment EBITDA rising +10.7% year over year to $219 million. The Paper segment generated revenue of $1,429 million down -2.3% year over, with adjusted segment EBITDA slipping -0.3% year over year to $306 million. The Distribution business sales increased +7% year over year to $374 million, and the segment’s adjusted EBITDA rose +11% year over year to $26 million.