WRK announced a cash dividend of 0.275 with an ex-date of Feb. 9, 2023
WestRock Company (NYSE:WRK) Q1 2023 Earnings Call Transcript February 1, 2023 Operator: Good morning and welcome to the WestRock First Fiscal Quarter 2023 Earnings Call. All participants will be in listen-only mode. Please note this event is being recorded. I’d now like to turn the conference over to Rob Quartaro, Senior Vice President of Investor […]
Shares of WestRock Co. (WRK) tumbled 16.0% toward a more than 3-month low, enough to pace the S&P 500’s (SPX) decliners, after the paper and packaging company reported fiscal first-quarter profit and sales that missed expectations and pulled its full-year outlook citing “uncertain macroeconomic conditions.” Chief Executive David Sewell said he expects the market conditions that weighed on results, including elevated inflation and a softening economy, are expected to continue in the near-term. WestRock shares have now lost 28.9% over the past 12 months, while the S&P 500 has declined 10.2%.