WestRock Company (WRK) Q1 2023 Earnings Call Transcript

WestRock Company (NYSE:WRK) Q1 2023 Earnings Conference Call February 1, 2023 8:30 AM ET

Company Participants

Rob Quartaro - Senior Vice President, Investor Relations

David Sewell - Chief Executive Officer

Alex Pease - Chief Financial Officer

Conference Call Participants

Kyle White - Deutsche Bank

Mark Weintraub - Seaport

George Staphos - Bank of America

Cleve Rueckert - UBS

Phil Ng - Jefferies

Gabe Hajde - Wells Fargo

Anthony Pettinari - Citi

Operator

Good morning and welcome to the WestRock First Fiscal Quarter 2023 Earnings Call. All participants will be in listen-only mode. [Operator Instructions] Please note this event is being recorded.

I'd now like to turn the conference over to Rob Quartaro, Senior Vice President of Investor Relations. Please go ahead.

Rob Quartaro

Good morning and thank you for joining our first fiscal quarter 2023 earnings call. We issued our press release this morning and posted the accompanying presentation to the Investor Relations section of our website. They can be accessed at ir.westrock.com or via a link on the application you're using to view this webcast.

With me on today's call are WestRock's Chief Executive Officer, David Sewell and our Chief Financial Officer, Alex Pease. Following our prepared comments, we will open the call for a question-and-answer session.

During today's call, we will be making forward-looking statements involving our plans, expectations, projections, estimates, and beliefs related to future events. These statements involve a number of assumptions, risks, and uncertainties and that could cause actual results to differ materially from those we discussed during the call. We describe these assumptions, risks and uncertainties in our filings with the SEC, including our 10-K for fiscal year ended September 30th, 2022.

We will also be referencing non-GAAP financial measures during the call. We have provided reconciliations of these non-GAAP measures to the most directly comparable GAAP measures in the appendix of the slide presentation. As mentioned previously, the slide presentation is available on our website.

With that, I'll now turn it over to you, David.

David Sewell

Thank you, Rob and thank you all for joining our earnings call today. This morning, I'll provide an overview of our fiscal first quarter results, followed by a review of our strategy, and progress on our transformation. Then I'll turn it over to Alex, who will review our segment performance in more detail review our adjusted free cash flow, and provide our outlook for the fiscal second quarter. We will then move to Q&A.