WestRock Company (NYSE:WRK), a leading provider of differentiated paper and packaging solutions, today announced highlights of the Company’s 2017 Investor Day.
The Company presented information during Investor Day that highlighted:
•WestRock has the scale, differentiated strategy and the capabilities to generate attractive long-term returns for investors.
•The Company expects to increase adjusted EBITDA margins in its corrugated packaging and consumer packaging segments and generate significant cash flow over the next several years, and to deploy its capital to high-return internal projects and acquisitions, and return increasing capital to stockholders.
•WestRock has the opportunity to expand its margins and deploy its capital to grow adjusted EBITDA from $2.3 billion in fiscal year 2017, to more than $4 billion in fiscal year 2022.
WestRock reiterated its fiscal 2018 guidance for revenue of at least $16.3 billion, adjusted segment EBITDA of more than $2.8 billion and adjusted operating cash flow of at least $2.3 billion.
Steve Voorhees, chief executive officer of WestRock, commented, “We are proud of the progress we have made over the past two and a half years in building WestRock into a leading paper and packaging company. We are committed to continuing this momentum and delivering best-in-class, differentiated solutions that help our customers win in the marketplace. WestRock has the strategy, capabilities and team in place to generate attractive returns over the long term and create outstanding value for our customers, stockholders and employees.”