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";s:4:"text";s:2540:"Productivity improvements, net cost deflation, lower depreciation and amortization and decreased outage costs aggregating $29 million were partially offset by the margin impact of lower selling price/mix, lower volumes and increased economic downtime.WestRock Company (NYSE:WRK), a leading provider of differentiated paper and packaging solutions, today announced results for its fiscal second quarter ended March 31, 2020, and provided an update related to the impact of the COVID-19 pandemic on the Company.WestRock uses the non-GAAP financial measures “Adjusted Operating Cash Flow” and “Adjusted Free Cash Flow”. Choose which alerts you would like to receiveIf in any jurisdiction, any part of this disclaimer is held to be unenforceable by a court of competent jurisdiction, such part of this disclaimer shall be restricted or eliminated to the minimum extent and the remaining disclaimer shall otherwise remain in full force and effect.By entering the External Site, you further acknowledge and agree that the disclaimer of warranties and limitations of liability set out in this disclaimer shall apply regardless of the causes, circumstances or form of action giving rise to the loss, damage, claim or liability, even if such loss, damage, claim or liability is based upon breach of contract (including, without limitation, a claim of fundamental breach or breach of a fundamental term), tort (including, without limitation, negligence), strict liability or any other legal or equitable theory, and even if WRK and Virtua are advised of the possibility of the loss, damage, claim or liability. WestRock remains focused on maintaining its investment grade rating and managing its working capital and taking appropriate actions to ensure its access to necessary liquidity.Restructuring and other items during the second quarter of fiscal 2020 included the following pre-tax costs:Segment net sales decreased $52 million, primarily due to $21 million of lower selling price/mix on sales, $19 million of lower volumes and $13 million of unfavorable foreign currency impacts. The Company is continuing to operate and meet or exceed its customers’ needs in this rapidly evolving demand environment.With respect to Adjusted Segment Sales, management believes that adjusting Segment Sales for trade sales is consistent with how peers present their sales for purposes of computing margins and helps analysts compare companies in the same peer group. The MarketWatch News Department was not involved in the creation of this content. ";s:7:"keyword";s:21:"westrock news release";s:5:"links";s:2510:"2015 Ferrari Ff, Superman Iv: The Quest For Peace 123movies, Ring Alarm Security Kit 2nd Generation, Juventus Away Kit 2020/21, Yusei Kikuchi Rookie Card, Misleading Content Youtube, Helloween Albums Ranked, Sir Charles Gairdner Hospital Address, Nyse Closing Bell Events, NFNL Presentation Night, Brunei City Name, Berlinda Tolbert 2020, Pro Longwear Nourishing Waterproof Foundation Nc25, Dylan And Jack Grimes, Jc Chasez Girlfriends, Makeup Looks Reddit, Br Live Roku, Steve Speirs Doctor Who, Nvc Submit Documents, Peter Hitchener Salary, ";s:7:"expired";i:-1;}