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WestRock net sales increase in Q3

US corrugated packaging firm WestRock has reported net sales of $3.69bn for third quarter ended 30 June 2017, compared to $3.59bn for the same period last year.

Net income was  $328.1m in the quarter, compared to $92.3m in the year-ago period. Operating profit was $233.4m in Q3, compared to $289.4m in the previous year.

The segment sales of the corrugated packaging division was $2.16bn, compared to $1.96bn in the same quarter a year ago.

The segment sales of the consumer packaging division stood at $1.52bn, a decrease from $1.63bn in the corresponding quarter of 2016.

An income of $223.9m and $94.8m were generated by the corrugated packaging segment and consumer packaging segment respectively.

WestRock CEO Steve Voorhees said: “We increased our daily box volumes over the prior year by 5.7%. While we continue to face a challenging cost environment, we are focusing on areas within our control – serving our customers well and driving synergy and productivity improvements across our company.

“Our WestRock team delivered strong earnings and cash flow, and grew our differentiated packaging business by completing the acquisitions of MPS and U.S. Corrugated, which have expanded our presence in attractive markets and increased our vertical integration."