WestRock Company Q1 Profit Increases, beats estimates

(RTTNews) - WestRock Company (WRK) revealed earnings for its first quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $182.3 million, or $0.68 per share. This compares with $152.0 million, or $0.57 per share, in last year's first quarter.

Excluding items, WestRock Company reported adjusted earnings of $173.5 million or $0.65 per share for the period.

Analysts on average had expected the company to earn $0.64 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.5% to $4.95 billion from $4.40 billion last year.

WestRock Company earnings at a glance (GAAP) :

-Earnings (Q1): $182.3 Mln. vs. $152.0 Mln. last year. -EPS (Q1): $0.68 vs. $0.57 last year. -Analyst Estimate: $0.64 -Revenue (Q1): $4.95 Bln vs. $4.40 Bln last year.