Industry News, Printers News

WestRock Reports Fiscal 2021 First Quarter Results

Net sales of $4.4 billion were essentially flat compared to the pre-pandemic prior year quarter.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

A leading packaging converter, WestRock Company had a fairly stable first quarter of its fiscal 2021 year, with sales fairly flat at $4.4 billion compared to its first quarter of 2020. WestRock added that total packaging shipments increased by 5%. That is interesting as it predates the pandemic, showing the growth of packaging.   The company generated net cash provided by operating activities of $719 million and adjusted free cash flow of $562 million compared to $431 million and $79 million...

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