WestRock Company Posted Stellar Results Q4 This Fiscal

SEATTLE (Scrap Monster): WestRock Company announced results for its fiscal fourth quarter and year ended September 30, 2020.

According to company press release, it posted net sales of $4.5 billion, which is down by 3.9% when compared with the prior quarter sales. The net sales by the Corrugated Packaging segment and Consumer Packaging segment witnessed decline by $121 million and $42 million, respectively. The segment income posted decline by $211 million over the previous year. Corrugated Packaging segment income decreased $168 million and Consumer Packaging segment income decreased $44 million.

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WestRock’s net cash provided by operating activities was $732 million in the fourth quarter of fiscal 2020. This compares with $911 million in the prior year quarter. The company invested $118 million in capital expenditures. The total debt at the end of the quarter stood at $9.43 billion.

Commenting on the results, Steve Voorhees, chief executive officer noted that the team rose to the challenges of the operating environment and delivered solid financial results, strong cash flow, and substantial debt reduction. The company spots strong trends in key end markets and has positive momentum for strong performance in fiscal year 2021, he added.