Industry News, Printers News

WestRock Reports Fiscal 2016 First Quarter Results

Net sales for quarter ended Dec. 31, 2015, were $3.68 billion and segment income was $279 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

WestRock Company announced results for its fiscal first quarter ended Dec. 31, 2015. Due to the $478 million non-cash goodwill impairment charge associated with the Specialty Chemicals segment, WestRock recorded a loss of $1.76 per diluted share and adjusted earnings of $0.59 per diluted share.                Net sales for WestRock for the quarter ended December 31, 2015, were $3.68 billion and segment income was $279 million. Adjusted segment income was $284 million, excluding the pre-tax imp...

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