WestRock Beats Quarterly Profit Estimates on Rising Prices

Reuters (05/02/24)

WestRock topped quarterly profit projections this past week thanks to such factors as higher prices and a rebound in demand for its paper packaging products. The company, which is being purchased by Smurfit Kappa for $11 billion, has redirected its focus toward bolstering its corrugated packaging portfolio. It has also implemented cost-saving measures, such as permanently shuttering some of its paper mills.

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