WestRock Co

10-K & 10-Q Filings

WestRock Company is a multinational provider of sustainable fiber-based paper and packaging solutions. The company's business strategy involves partnering with customers to provide differentiated, sustainable paper and packaging solutions that help them win in the marketplace. WestRock operates in four reportable segments: Corrugated Packaging, Consumer Packaging, Global Paper, and Distribution. In fiscal 2023, the company completed the acquisition of the remaining 67.7% interest in Grupo Gondi and divested its interior partitions converting operations, Chattanooga, TN uncoated recycled paperboard mill, ownership interest in an unconsolidated displays joint venture, and sold its Eaton, IN, and Aurora, IL uncoated recycled paperboard mills. The company's primary raw materials are recycled fiber and virgin fiber from hardwoods and softwoods. Energy is a significant cost for the company, and it uses a combination of natural gas, coal, oil, electricity, and purchased biomass fuel to generate steam and electricity for its manufacturing processes. WestRock's website is www.westrock.com, and its ticker symbol is WRK.

12 mos ending Sep 30, 201512 mos ending Sep 30, 201612 mos ending Sep 30, 201712 mos ending Sep 30, 201812 mos ending Sep 30, 201912 mos ending Sep 30, 202012 mos ending Sep 30, 202112 mos ending Sep 30, 202212 mos ending Sep 30, 20236 mos ending Mar 31, 20236 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$11381.30
14171.80
14859.70
16285.10
18289.00
17578.80
18746.10
21256.50
20310.00
10200.70
9346.70
7.51%-8.37%Cost of Revenue (-)
$9170.50
11413.20
12119.50
12891.20
14540.00
14381.60
15315.80
17235.80
16725.50
8515.20
7807.80
7.80%-8.31%Gross Profit (+)
$2210.80
2758.60
2740.20
3393.90
3749.00
3197.20
3430.30
4020.70
3584.50
1685.50
1538.90
6.23%-8.70%Non-recurring Operating Expenses (-)
$
1333.20
1893.00
Operating Expenses (-)
$1331.30
2328.30
1905.20
2111.40
-41.20
3453.40
2149.10
2693.90
5096.00
3511.20
1334.30
18.27%-62.00%Costs & Expenses (Total) (-)
$10501.80
13741.50
14024.70
15002.60
14498.80
17835.00
17464.90
19929.70
21821.50
12026.40
9142.10
9.57%-23.98%Operating Income/Loss (+)
$879.50
430.30
835.00
1282.50
1494.40
-256.20
1281.20
1326.80
-1511.50
-1825.70
204.60
111.21%Non-operating Income/Expense (+)
$15.50
71.00
107.50
46.10
81.60
127.10
177.00
210.80
224.80
-35.10
-13.00
39.70%62.96%Interest Expense (-)
$132.70
256.70
277.70
431.30
393.50
372.30
318.80
417.90
205.70
202.20
15.42%-1.70%Earnings before Tax (+)
$762.30
244.60
857.60
1034.80
1144.70
-522.60
1085.90
1218.80
-1704.60
-2066.50
-10.60
99.49%Tax Expense (-)
$250.50
89.80
159.00
-874.50
276.80
163.50
243.40
269.60
-60.40
-108.50
-4.30
96.04%Income/Loss (Continuing Operations) (+)
$511.80
154.80
698.60
1909.30
867.90
-686.10
842.50
949.20
-1644.20
-1958.00
-6.30
99.68%Income/Loss (Discontinued Operations) (+)
$
-544.70
Profit/Loss (+)
$511.80
-389.90
698.60
1909.30
867.90
-686.10
842.50
949.20
-1644.20
-1958.00
-6.30
99.68%Net Income/Loss (NCI) (-)
$4.70
6.40
-9.60
3.20
5.00
4.80
4.20
4.60
4.80
2.80
0.60
0.26%-78.57%Net Income/Loss (+)
$507.10
-396.30
708.20
1906.10
862.90
-690.90
838.30
944.60
-1649.00
-1960.80
-6.90
99.65%Net Income/Loss (Common) (+)
$507.10
-396.30
708.20
1906.10
862.90
-690.90
838.30
944.60
-1649.00
-1960.80
-6.90
99.65%EPS (Basic)
$2.97
-1.56
2.81
7.46
3.36
-2.67
3.16
3.64
-6.44
-7.68
-0.03
99.61%EPS (Diluted)
$2.93
-1.54
2.77
7.34
3.33
-2.67
3.13
3.61
-6.44
-7.68
-0.03
99.61%Weighted Avg Shares (Basic)
257.11
251.10
254.61
253.55
257.89
262.65
265.00
254.46
256.47
255.20
257.50
-0.03%0.90%Weighted Avg Shares (Diluted)
255.20
257.50
0.90%Cash
$235.60
366.40
304.00
636.80
151.60
251.10
290.90
260.20
393.40
363.40
494.70
6.62%36.13%Receivables
$1690.00
1592.20
1886.80
2010.70
2193.20
2142.70
2586.90
2683.90
2591.90
2814.90
2583.70
5.49%-8.21%Inventory
$1963.40
1638.20
1797.30
1829.60
2107.50
2023.40
2173.30
2317.10
2331.50
2550.30
2328.40
2.17%-8.70%Other Assets (Current)
$271.40
315.80
502.80
308.00
522.00
527.50
608.50
724.20
1676.30
1869.70
936.50
25.56%-49.91%Assets (Current)
$4160.40
3912.60
4490.90
4785.10
4974.30
4944.70
5659.60
5985.40
6993.10
7598.30
6343.30
6.71%-16.52%Property, Plant & Equipment (Net)
$9596.70
9294.30
9118.30
9082.50
11189.50
10778.90
10570.10
10081.40
11063.20
11163.00
11240.70
1.79%0.70%Goodwill & Intangibles
$9246.70
7377.40
8857.60
8699.60
11345.10
9629.40
9278.00
8815.80
6824.90
7012.10
6690.50
-3.72%-4.59%Other Assets
$2353.00
2453.90
2622.20
2793.30
2647.80
3426.70
3746.60
3522.90
2562.50
2437.00
2609.50
1.07%7.08%Assets (Non-current)
$21196.40
19125.60
20598.10
20575.40
25182.40
23835.00
23594.70
22420.10
20450.60
20612.10
20540.70
-0.45%-0.35%Assets (Total)
$25356.80
23038.20
25089.00
25360.50
30156.70
28779.70
29254.30
28405.50
27443.70
28210.40
26884.00
0.99%-4.70%Accounts Payable
$1661.80
1460.30
1908.80
2116.10
2302.20
2060.90
2780.50
2880.00
2648.80
2610.40
2564.10
6.00%-1.77%Debt (Current)
$74.10
292.90
608.70
740.70
561.10
222.90
168.80
212.20
533.00
501.60
1317.50
27.97%162.66%Other Liabilities (Current)
$427.30
429.80
492.30
476.50
571.80
645.10
694.80
810.60
1737.60
1855.50
855.80
19.17%-53.88%Liabilities (Current)
$2163.20
2183.00
3009.80
3333.30
3435.10
2928.90
3644.10
3902.80
4919.40
4967.50
4737.40
10.82%-4.63%Debt (Non-current)
$5558.30
5496.30
5946.10
5674.50
9502.30
9207.70
8025.30
7575.00
8050.90
9004.00
7718.20
4.74%-14.28%Other Liabilities
$5837.20
5515.20
5742.30
4866.10
5533.20
5994.30
5893.20
5502.50
4375.70
4569.90
4344.60
-3.54%-4.93%Liabilities (Non-current)
$11395.50
11011.50
11688.40
10540.60
15035.50
15202.00
13918.50
13077.50
12426.60
13573.90
12062.80
1.09%-11.13%Liabilities (Total)
$13558.70
13194.50
14698.20
13873.90
18470.60
18130.90
17562.60
16980.30
17346.00
18541.40
16800.20
3.13%-9.39%Retained Earnings
$1661.60
-105.90
172.40
1573.30
1997.10
1031.60
1607.90
2214.40
278.20
110.00
113.40
-20.02%3.09%AOCI
$-780.20
-626.40
-457.30
-695.30
-1069.20
-1319.90
-999.10
-1454.30
-898.60
-1118.50
-754.70
32.53%Shareholder's Equity
$11783.90
9830.00
10386.10
11482.40
11684.20
10647.50
11690.00
11419.70
10097.70
9661.10
10083.80
-1.91%4.38%Liabilities & Equity
$25356.80
23038.20
25089.00
25360.50
30156.70
28779.70
29254.30
28405.50
27443.70
28210.40
26884.00
0.99%-4.70%Net Income/Loss
$511.80
-389.90
698.60
1909.30
867.90
-686.10
842.50
949.20
-1644.20
-1958.00
-6.30
99.68%Depreciation & Amortization
$740.80
1146.50
1116.60
1252.20
1511.20
1487.00
1460.00
1488.60
1535.80
769.00
770.20
9.54%0.16%Increase/Decrease in Working Capital
$142.90
25.80
-76.80
-93.50
48.00
165.70
24.70
536.00
-129.90
304.50
394.20
29.46%Share-based Compensation
$49.20
75.70
58.00
66.80
64.20
130.30
88.60
93.30
64.20
23.10
13.00
3.38%-43.72%Adjustments to Reconcile Net Income
$691.80
2078.30
1201.90
511.60
1442.30
2756.80
1437.40
1071.20
3472.10
2508.00
318.40
22.34%-87.30%Net Cash (Operating)
$1203.60
1688.40
1900.50
2420.90
2310.20
2070.70
2279.90
2020.40
1827.90
550.00
312.10
5.36%-43.25%Capital Expenditure
$287.30
1311.60
1299.90
1330.80
4635.40
944.40
809.20
841.40
1968.80
1398.50
509.90
27.20%-63.54%Net Cash (Investing)
$-282.70
-1351.40
-1285.80
-1298.90
-4579.60
-921.50
-676.00
-776.00
-1507.20
-1343.50
356.70
126.55%Increase/Decrease in Debt
$540.10
491.80
-567.00
-120.10
2314.60
-673.90
-1241.30
-452.70
101.10
1063.70
372.20
-18.90%-65.01%Increase/Decrease in Equity
$-7.80
-3.60
-9.80
-195.10
-88.60
-122.40
-600.00
Interest Expenses
$140.10
229.90
239.00
284.40
412.50
395.40
Dividends Paid
$249.20
414.20
450.20
474.20
472.20
346.90
233.80
259.50
281.30
140.30
155.60
1.53%10.91%Net Cash (Financing)
$-718.00
-231.00
-655.40
-755.10
1780.20
-1021.10
-1580.40
-1281.30
-193.50
907.60
-569.70
-162.77%Cash Taxes Paid
$89.30
157.40
227.60
60.50
226.10
147.20
Effect of Exchange Rate
$-7.20
6.60
-2.10
-28.20
4.00
-28.60
16.30
6.20
6.00
-2.00
2.20
210.00%Increase/Decrease in Cash
$195.70
338.70
-485.20
99.50
39.80
-30.70
133.20
103.20
101.30
-4.70%-1.84%Cash (Beginning)
$32.60
228.30
340.90
298.10
636.80
151.60
251.10
290.90
260.20
260.20
393.40
29.65%51.19%Cash (Ending)
$228.30
340.90
298.10
636.80
151.60
251.10
290.90
260.20
393.40
363.40
494.70
7.04%36.13%NOPAT
$776.47
153.40
613.40
2366.33
1199.23
-184.04
994.02
1033.31
-1565.06
-1921.56
287.60
114.97%Gross Margin %
19.42%
19.47%
18.44%
20.84%
20.50%
18.19%
18.30%
18.92%
17.65%
16.52%
16.46%
Operating Margin %
7.73%
3.04%
5.62%
7.88%
8.17%
-1.46%
6.83%
6.24%
-7.44%
-17.90%
2.19%
NOPAT Margin %
6.82%
1.08%
4.13%
14.53%
6.56%
-1.05%
5.30%
4.86%
-7.71%
-18.84%
3.08%
Net Margin %
4.46%
-2.80%
4.77%
11.70%
4.72%
-3.93%
4.47%
4.44%
-8.12%
-19.22%
-0.07%
Tax Rate %
11.71%
64.35%
26.54%
-84.51%
19.75%
28.17%
22.41%
22.12%
-3.54%
-5.25%
-40.57%
ROA
3.06%
0.67%
2.44%
9.33%
3.98%
-0.64%
3.40%
3.64%
-5.70%
-6.81%
1.07%
ROE
6.59%
1.56%
5.91%
20.61%
10.26%
-1.73%
8.50%
9.05%
-15.50%
-19.89%
2.85%
ROIC
3.72%
0.83%
3.10%
11.89%
4.92%
-0.82%
4.57%
4.95%
-7.95%
-9.44%
1.41%
Asset Turnover
0.45
0.62
0.59
0.64
0.61
0.61
0.64
0.75
0.74
0.36
0.35
Inventory Turnover
4.67
6.97
6.74
7.05
6.90
7.11
7.05
7.44
7.17
3.34
3.35
Equity Multiplier
2.15
2.34
2.42
2.21
2.58
2.70
2.50
2.49
2.72
2.92
2.67
Current Ratio
1.92
1.79
1.49
1.44
1.45
1.69
1.55
1.53
1.42
1.53
1.34
Quick Ratio
0.89
0.90
0.73
0.79
0.68
0.82
0.79
0.75
0.61
0.64
0.65
Debt/Equity Ratio
0.48
0.59
0.63
0.56
0.86
0.89
0.70
0.68
0.85
0.98
0.90
Interest Coverage Ratio
6.28
1.87
3.49
4.51
3.62
-0.65
Working Capital/Sales
0.18
0.14
0.12
0.13
0.10
0.12
0.10
0.09
0.09
0.21
0.26
Dividend Payout Ratio %
32.09%
270.01%
73.39%
20.04%
39.38%
188.50%
23.52%
25.11%
17.97%
7.30%
54.10%
Total Payout
$-143.00
155.90
1266.00
1073.80
-1341.30
1416.20
1597.50
1312.20
180.20
-923.40
-216.60
76.54%Payout Ratio %
-18.42%
101.63%
206.39%
45.38%
-111.85%
769.52%
160.71%
126.99%
11.51%
-48.05%
-75.31%