The company said net sales for the 3 months ended September 30, 2024 were $7,671 million, up $4,756 million from $2,915 million a year earlier. It said the WestRock acquisition contributed $4,684 million, and that excluding the acquisition's impact, net sales rose $72 million.

1. 01

   The company said net sales for the 3 months ended September 30, 2024 were $7,671 million, up $4,756 million from $2,915 million a year earlier. It said the WestRock acquisition contributed $4,684 million, and that excluding the acquisition's impact, net sales rose $72 million.

2. 02

   The company said transaction and integration-related expenses associated with the Combination were $267 million in Q3 2024 ($17 million a year earlier). Of this, transaction-related expenses were $128 million and integration-related expenses were $139 million.

3. 03

   The company said interest expense, net, for Q3 2024 was $167 million, up $128 million from $39 million a year earlier. It cited debt assumed in the Combination and debt increases from the $2,750 million Notes Offering as factors, and said higher interest income of $35 million from increased average cash balances partly offset the increase.

4. 04

   The company said that as of September 30, 2024, its debt was $13,964 million excluding unamortized debt issuance costs, of which $753 million was due within 1 years, and its cash and cash equivalents were $951 million. It said that combined with the undrawn commitments under the New RCF and receivables securitization facilities of about $4.7 billion, its available liquidity was about $5.7 billion.

Key figures

Quarter ended September 30, 2024

Revenue

$7.7B

Operating income

$55M

Net income

−$150M

EPS

−$0.30

Gross profit

$1.4B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.