WestRock reports Q1 adjusted EPS 55c, consensus 60c

Reports Q1 revenue $4.9B, consensus $5.1B. "I’m pleased to report that WestRock grew packaging revenue and margins in the first quarter, even in this challenging environment," said David B. Sewell, CEO. "We also finalized the acquisition of Grupo Gondi, which expands our global footprint and enables us to take a leading position in the packaging marketplace in Mexico. During the quarter, elevated inflation and softening macroeconomic conditions negatively impacted our Global Paper business. While we expect these market conditions to continue in the near-term, we remain committed to executing on our strategy and delivering on our productivity efforts. WestRock’s broad portfolio of products provides us with flexibility to manage through changing market conditions to maximize our performance."