Published on 2 May 2024 on GuruFocus.com via Yahoo Finance
WestRock Co (WRK) Q2 Fiscal 2024 Earnings: Misses Revenue Estimates, Reports Modest Profit
Revenue: Reported at $4,726.7 million for the quarter, falling short of the estimated $4,750.15 million.Net Income: Achieved $15.5 million, comparing favorably against the estimated $74.43 million loss.Earnings Per Share (EPS): Recorded at $0.06, below the estimated $0.23.Consolidated Adjusted EBITDA: Declined by 21.6% year-over-year to $618.3 million.Net Cash from Operating Activities: Decreased significantly to $37 million from $284 million in the prior year's quarter.Capital Expenditures: Invested $301 million during the quarter, with $78 million returned to shareholders in dividends.Total Debt: Stood at $9.0 billion as of March 31, 2024, with adjusted net debt at $8.4 billion.
Warning! GuruFocus has detected 9 Warning Signs with WRK.