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Income Statement (USD)
| Q1 '24 | QoQ | |
|---|---|---|
| Revenue | 4.59B | 2.4% |
| Gross Profit | 780M | 2.8% |
| Cost of Revenue | 3.98B | 1.8% |
| Operating expense | 33M | 33.8% |
| Net Income | 16M | 169.2% |
| EBITDA | 602M | 5.7% |
Balance Sheet (USD)
| Q1 '24 | QoQ | |
|---|---|---|
| Total Assets | 26.9B | 0.5% |
| Total Liabilities | 16.8B | 1.3% |
| Total Equity | 10.1B | 0.8% |
| Shares Outstanding | 258M | 0.4% |
Cash Flow (USD)
| Q1 '24 | QoQ | |
|---|---|---|
| Cash from operations | 37M | 86.5% |
| Cash from investing | -269M | 143% |
| Cash from financing | 234M | 129.1% |
EPS
Financial Highlights for WestRock in Q1 '24
WestRock reported a revenue of 4.59B, which is a 2.4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 780M, marking a 2.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 3.98B, a 1.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 33M, showing a -33.8% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 16M, showing a 169.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 602M, showing a 5.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for WestRock with growth in revenue, gross profit, and net income.
