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WestRock Company announced results for its fiscal third quarter ended June 30,2018. Net sales increased by $442 million, or 12%, and Segment EBITDA by $177 million, or 30%, compared to the prior year quarter. The increase in net sales was primarily attributable to $129 million of increased Corrugated Packaging Segment sales driven principally by higher selling price/mix and $324 million of increased Consumer Packaging segment sales, primarily due to the contribution from the Multi Packaging Solutions International Limited acquisition.
The Corrugated Packaging Segment EBITDA increased by $111 million, or 30%, compared to the prior year quarter. The segment delivered a Segment EBITDA margin of 21.2% and a North American Adjusted Segment EBITDA margin of 23.0%, up 390 and 420 basis points, respectively, compared to the prior year quarter.
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