WestRock Co (NYSE:WRK) Q3 2020 Earnings Conference Call - Final Transcript

Aug 04, 2020 • 08:30 am ET


WestRock Co (NYSE:WRK) Q3 2020 Earnings Conference Call - Final Transcript


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Good morning. My name is Amy and I will be your conference operator today. At this time, I would like to welcome everyone to the WestRock Company's Third Quarter 2020 Earnings Conference Call. At this time, I would like to turn the call over to Mr. James Armstrong, Vice President of Investor Relations. Please go ahead.

James Armstrong

Thank you, Amy. Good morning. And thank you for joining our fiscal third quarter 2020 earnings call. We issued our press release this morning and posted the accompanying slide 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 are using to view this webcast. With me on today's call are WestRock's Chief Executive Officer, Steve Voorhees, our Chief Financial Officer, Ward Dickson, our Chief Commercial Officer and President of Corrugated Packaging, Jeff Chalovich, as well as our Chief Innovation Officer and President of Consumer Packaging, Pat Lindner. Following our prepared comments, we will open up the call for a question-and-answer session. During the course of today's call, we will be making forward-looking statements involving our plans, expectations, estimates, and beliefs related to future events.

These statements may involve a number of risks and uncertainties that could cause actual results to differ materially from those we discuss during the call. We describe these risks and uncertainties in our filings with the SEC, including our 10-K for the fiscal year ended September 30, 2019 and our 10-Q for the quarter ended March 31, 2020. In addition, we will be making forward-looking statements about the impact of COVID-19 pandemic on our operational and financial performance. The extent of these effects including the duration, scope and severity of the pandemic is highly uncertain and cannot be predicted with confidence at this time. We will also be referencing non-GAAP financial measures during the call. We have provided reconciliation 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 said, I'll now turn it over to you, Steve.

Steve Voorhees

Thank you, James. Good morning. Thanks for joining our fiscal third quarter earnings call. I'll start by thanking the outstanding WestRock team for their commitment, focus and performance over the past several months. The safety of our teammates is first and foremost. In addition to implementing comprehensive precautionary measures to address the impact of COVID-19, WestRock teammates have reduced the frequency and severity of physical injuries across our footprint. This is a testament to the focus of our entire organization during the pandemic. Our teammates at our operating locations are making and delivering the paper and packaging needed to ensure that supplies of essential goods including food and medicine are delivered on time and in full.

Our team is dedicated to providing our customers the solutions that help them win in their markets through innovation that helps them grow their sales, reduce their total cost, manage the risk,