Financial Performance - Net sales for the first quarter of fiscal 2022 were $4,952.2 million, an increase of $550.7 million, or 12.5%, compared to the first quarter of fiscal 2021[121] - Net income attributable to common stockholders for the first quarter of fiscal 2022 was $182.3 million, up $30.3 million, or 19.9%, from the same period in fiscal 2021[122] - Consolidated Adjusted EBITDA for the first quarter of fiscal 2022 was $680.3 million, reflecting an increase of $10.5 million, or 1.6%, compared to $669.8 million in the first quarter of fiscal 2021[122] - Adjusted Earnings Per Diluted Share for Q4 2021 was $0.65, compared to $0.61 in Q4 2020, reflecting a growth of approximately 6.6%[197] - Consolidated Adjusted EBITDA for Q4 2021 was $680.3 million, up from $669.8 million in Q4 2020, indicating an increase of about 1.5%[201] - Net income attributable to common stockholders for Q4 2021 was $182.3 million, compared to $152.0 million in Q4 2020, representing a growth of approximately 19.9%[201] Costs and Expenses - Cost of goods sold for the first quarter of fiscal 2022 was $4,155.6 million, representing an increase of $507.0 million compared to the prior year quarter, primarily due to cost inflation and increased planned downtime[137] - Selling, general and administrative expenses excluding intangible amortization increased by $35.1 million in the first quarter of fiscal 2022, totaling $452.9 million[138] - Net interest expense decreased to $86.7 million in Q1 fiscal 2022 from $93.8 million in the prior year, primarily due to lower debt levels[143] - Pension and other postretirement non-service income increased to $39.9 million in Q1 fiscal 2022, up from $34.9 million in Q1 fiscal 2021[144] - Restructuring and other costs amounted to $2.3 million in Q1 fiscal 2022, down from $7.7 million in Q1 fiscal 2021[141] Cash Flow and Investments - Net cash provided by operating activities in the first quarter of fiscal 2022 was $252.8 million, a decrease from $719.4 million in the same period of fiscal 2021, primarily due to higher working capital usage[124] - The company invested $173.1 million in capital expenditures and returned $166.4 million to stockholders through stock repurchases and dividends in the first quarter of fiscal 2022[125] - Net cash used for investing activities was $154.8 million, consisting mainly of $173.1 million for capital expenditures, partially offset by $22.4 million from the sale of property, plant, and equipment[171] - Net cash used for financing activities was $104.3 million, which included a net increase in debt of $48.1 million and share repurchases of $100.1 million[173] Debt and Liquidity - Total debt increased to $8,233.2 million at December 31, 2021, up from $8,194.1 million at September 30, 2021[162] - The company had approximately $3.6 billion of availability under long-term committed credit facilities at December 31, 2021[163] - Cash and cash equivalents were $291.3 million at December 31, 2021, with approximately 80% held outside the U.S.[162] Future Expectations - The company anticipates that previously published price increases will more than offset inflation, leading to higher sequential earnings in the upcoming quarter[126] - The company expects capital expenditures to be approximately $900 million to $1.0 billion in fiscal 2022, focusing on safety, environmental, and maintenance projects while supporting productivity and growth[204] - The company anticipates higher sequential earnings despite ongoing labor cost increases and supply chain challenges[204] - The company expects to fund capital expenditures, interest payments, dividends, and other corporate actions from cash generated from operations and available borrowings[204] Operational Challenges - The company expects sequential labor cost increases and continued supply chain challenges in the second quarter of fiscal 2022, with approximately 128,000 tons of scheduled downtime across its system[126] - The company acknowledges various risks including supply chain disruptions, labor costs, and market conditions that could impact performance[206] - The company has incurred costs related to COVID-19 safety measures and continues to take actions to protect employee health[204] Shareholder Returns - The quarterly dividend declared on January 27, 2022, is $0.25 per share, representing a 25% increase from the previous annualized dividend of $1.00 per share[174] - Approximately 2.1 million shares of Common Stock were repurchased for $97.5 million during the three months ended December 31, 2021, with 14.6 million shares remaining available for repurchase[176] Pension and Tax Matters - The company has approximately $59 million in future potential reductions of U.S. federal, state, and foreign cash taxes due to net operating losses and tax credits[177] - The pension plans in the U.S. are overfunded, with a pension asset of approximately $0.7 billion, and expected contributions of about $25 million in fiscal 2022[178] - Withdrawal liabilities recorded were $248.1 million as of December 31, 2021, reflecting obligations associated with multiemployer pension plans[180]

Sales Performance - Sales of corrugated packaging products accounted for 65.4% of net sales in fiscal 2021, a slight decrease from 64.6% in 2020 and 64.2% in 2019[16] - Sales of consumer packaging products represented 34.6% of net sales in fiscal 2021, down from 35.3% in 2020 and 35.7% in 2019[20] - Sales from non-U.S. operations accounted for 18.5% of net sales in fiscal 2021, compared to 17.7% in fiscal 2020[85] Customer Base - The company serves over 15,000 customers, including 188 customers who purchased at least $1 million from the Corrugated Packaging and Consumer Packaging segments in fiscal 2021[29] - The company serves more than 15,000 customers, including 188 customers who purchased at least $1 million from its segments in fiscal 2021[29] Environmental Compliance and Sustainability - The overall fiber sourcing for all mills is approximately 65% virgin and 35% recycled[23] - The company achieved a 14% reduction in greenhouse gas emissions per ton of production as of September 30, 2020, towards a goal of 20% reduction by 2025[51] - Approximately 7 to 8 million tons of paper and packaging are diverted from landfills annually through the company's recycling operations[50] - The company has established a goal to reduce Scope 1 and Scope 2 greenhouse gas emissions by 20% from a 2015 baseline by 2025[51] - The company has systems in place for tracking greenhouse gas emissions and monitors developments in climate-related laws and regulations[58] - The company has been recognized for sustainability efforts, including inclusion in the Dow Jones World and North American Sustainability Indices[63] - The company has invested in new roles and capabilities to support its business strategy, including hiring a Chief Sustainability Officer and a Chief Innovation Officer[70] - The company is involved in various environmental compliance obligations, which may require significant capital investments and increase operating costs[43] Financial Outlook - The company expects more earnings and cash flows to be generated in the second half of the fiscal year than in the first half due to seasonal demand variations[22] - The company expects to generate an additional $1 billion in cash through the end of calendar 2021 to reduce outstanding indebtedness[89] - In fiscal 2022, the company anticipates capital expenditures of $1.0 billion, focusing on safety, environmental, and maintenance projects[92] - The company expects record sales and operating profit in fiscal 2022 despite ongoing commodity input cost inflation[90] - The company plans to implement previously published price increases that are expected to outpace inflation in fiscal 2022[90] - The company anticipates being able to fund capital expenditures, interest payments, dividends, and other corporate actions from cash generated from operations and other financing sources[93] Employee and Workforce - The company employs approximately 49,900 people, with 78% located in the U.S. and Canada[65] - 56% of hourly employees in the U.S. and Canada are covered by collective bargaining agreements, with 26% of those agreements expiring within one year[65] - As of September 30, 2021, 21% of the global workforce was female, and 33% of the U.S. workforce comprised people of color[76] - The company has launched an online learning library with over 1,000 courses in five languages to support employee development[82] - The company continues to focus on talent attraction and retention, restructuring work schedules, and providing retention bonuses as needed[81] - The company has set a four-year goal for gender and ethnic representation to enhance workforce diversity[77] - The diversity, inclusion, equity, and belonging modifier is expected to be applied to approximately 100 top executives and leaders in fiscal 2022[78] Capital Expenditures and Investments - The company estimates an investment of approximately $21 million for capital expenditures related to environmental compliance during fiscal 2022[49] - The company expects to contribute approximately $25 million to its U.S. and non-U.S. pension plans in fiscal 2022[93] - Minimum pension contributions are estimated to be in the range of approximately $23 million to $24 million annually from fiscal 2023 through 2026[93] - The company expects to utilize nearly all remaining U.S. federal net operating losses and credits during the current fiscal year[92] - Future cash tax rates are expected to be slightly lower than the income tax rate for fiscal 2022, with an increase anticipated for fiscal 2023 and 2024 due to the absence of nonrecurring tax credits[92] Risk Management - The company expects to incur significant costs to enhance data security and prevent unauthorized access to its systems[93] - The company believes it has substantial insurance coverage for asbestos claims, subject to deductibles and policy limits[95] - The company estimates its exposure related to certain guarantees to be less than $50 million[95] - The company’s restructuring actions are believed to have allowed for more effective business management[93] - The company may seek to refinance existing indebtedness to improve terms and reduce borrowing costs[93]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2021 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 001-38736 WestRock Company (Exact Name of Registrant as Specified in Its Charter) Delaware 37-1880617 (State or Other Jurisdiction of Incorporat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2021 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 001-38736 WestRock Company (Exact Name of Registrant as Specified in Its Charter) Delaware 37-1880617 (State or Other Jurisdiction of Incorpora ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended December 31, 2020 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 001-38736 WestRock Company (Exact Name of Registrant as Specified in Its Charter) Delaware 37-1880617 (State or Other Jurisdiction of Incorp ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38736 WESTROCK COMPANY (Exact Name of Registrant as Specified in Its Charter) | Delaware | 37-1880617 | | --- | --- | | (State or Ot ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2020 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 001-38736 WestRock Company (Exact Name of Registrant as Specified in Its Charter) Delaware 37-1880617 (State or Other Jurisdiction of Incorporat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 001-38736 WestRock Company (Exact Name of Registrant as Specified in Its Charter) Delaware 37-1880617 (State or Other Jurisdiction of Incorporation or Organization) (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (770) 448-2193 Washington, D.C. 20549 Form ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended December 31, 2019 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 001-38736 WestRock Company (Exact Name of Registrant as Specified in Its Charter) Delaware 37-1880617 (State or Other Jurisdiction of Incorp ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38736 WESTROCK COMPANY (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organ ...