WestRock Posts Decent Fourth Quarter, Driving Synergies Beyond $500 Million
WestRock's fourth quarter came in slightly above our expectations, with corrugated segment adjusted EBITDA down by just over 8%, and consumer segment adjusted EBITDA up around 4% from the fourth quarter of last year. The largest surprise during the quarter was the announcement that management is actively pursuing the sale of its resin-based packaging business. We've revised our medium-term outlook for consumer segment margins considering sustained operational improvements, increasing our fair va...WestRock is a provider of paper and packaging solutions for consumer and corrugated packaging markets. The company partners with its customers to provide paper and packaging solutions. The company's operating and business locations are in North America, South America, Europe, Asia and Australia. The company's segments include: Corrugated Packaging, which consists of the company's containerboard mills, corrugated packaging and distribution operations, as well as its merchandising displays and recycling procurement operations; Consumer Packaging, which consists of the company's consumer mills, food and beverage and partition operations; and Land and Development, which sells real estate primarily in the Charleston, SC region.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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