Industry News, Printers News

WestRock Reports Strong Fourth Quarter Fiscal 2023 Results

Notes full year net sales of $20.3 billion, net loss of $1.6 billion, adjusted net income of $778 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

WestRock Company announced results for its fiscal fourth quarter and year ended Sept. 30, 2023. Fourth Quarter Highlights and other notable items: • Net sales of $5.0 billion • Net income of $110 million, adjusted net income of $210 million; net income included $344 million ($239 million of which was non-cash) of restructuring and other costs, net and a $239 million gain on sale of the company’s interior partitions converting operations and Chattanooga, TN uncoated recycled paperboard mill •...

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