Generated net cash from operating activities of $517 million and adjusted free cash flow of $369 million.
The company earned $0.32 per diluted share and $0.47 of adjusted earnings per diluted share, and generated net cash from operating activities of $517 million and adjusted free cash flow of $369 million.
WestRock achieved $85 million in year-over-year productivity improvements and an annual run rate of $580 million of synergy and performance improvements, Ccontinued portfolio transformation with announced sale of Home, Health and Beauty business, generating net after-tax proceeds of approximately $1 billion and announced the definitive agreement to acquire Multi Packaging Solutions International Limited.
“Our team executed well against our strategy and delivered a solid quarter, and we continued to deliver on our productivity goals, which helped to offset the impact of cost inflation and other factors,” said Steve Voorhees, WestRock’s CEO. “We continue to make progress in our effort to enhance our focus on our core paper and packaging businesses. With the announced sale of the Home, Health and Beauty business and the announced acquisition of Multi Packaging Solutions, we are executing on our strategy and are strengthening our packaging portfolio.”