Back to top

Image: Bigstock

WestRock Company

Read MoreHide Full Article

WestRock’s third-quarter fiscal 2017 earnings beat the Zacks Consensus Estimate by 16%. The company expects fourth-quarter earnings to be sequentially higher, aided by seasonally higher volumes, higher sales prices, favorable mix and productivity that will offset higher input costs. WestRock's acquisition of assets of Island Container and Combined Container along with five corrugated converting facilities from U.S. Corrugated will help it capitalize on growing corrugated packaging demand. The acquisitions of Multi Packaging Solutions and Hannapak will expand its consumer packaging portfolio. Also productivity and performance improvement programs and cost-saving actions remain tailwinds. WestRock outperformed the industry in the past one year. However, higher input costs, merger-related expenses, weak demand for processed, frozen, and dry foods, and carbonated drinks, as well as a stronger dollar may weigh on WestRock’s results.


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


WestRock Company (WRK) - free report >>

Published in