WestRock Company reported unaudited consolidated earnings results for the first quarter ended December 31, 2016. For the quarter, the company reported net sales of $3,447.2 million against $3,470.9 million a year ago. Operating profit was $121.4 million against $103.4 million a year ago. Income from continuing operations before income taxes was $82.1 million against $55.3 million a year ago. Income from continuing operations was $78.5 million or $0.32 per diluted share against $30.4 million or $0.12 per diluted share a year ago. Net profit attributable to common stockholders was $80.9 million or $0.32 loss per diluted share against net loss attributable to common stockholders of $453.5 million or $1.73 earnings per diluted share a year ago. Net cash provided by operating activities was $517.4 million against $523.0 million a year ago. Capital expenditures were $176.1 million against $203.8 million a year ago. Adjusted net income was $120.9 million or $0.47 per share. Adjusted free cash flow was $368.8 million. Free cash flow was $341.3 million. Adjusted EBITDA was $490 million. Adjusted EBITDA declined by $38 million from the prior year, more than half of which was related to Hurricane Matthew and the legal settlement.

For the full year 2017, the company free cash flow to be $1.2 billion of adjusted free cash even after accounting for the sale of HHB 5 months into the year.

For the second quarter of 2017, the company expects sequential adjusted earnings per diluted share modestly higher than the $0.47 per share achieved in the first quarter.