Last $48.26 USD
Change Today +0.265 / 0.55%
Volume 585.2K
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As of 8:04 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

rock tenn company -cl a (RKT) Snapshot

Open
$47.70
Previous Close
$48.00
Day High
$48.39
Day Low
$47.65
52 Week High
09/16/13 - $63.03
52 Week Low
12/4/13 - $46.06
Market Cap
6.9B
Average Volume 10 Days
955.8K
EPS TTM
$3.76
Shares Outstanding
143.2M
EX-Date
08/4/14
P/E TM
12.8x
Dividend
$0.70
Dividend Yield
1.45%
Current Stock Chart for ROCK TENN COMPANY -CL A (RKT)

rock tenn company -cl a (RKT) Related Businessweek News

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rock tenn company -cl a (RKT) Details

Rock-Tenn Company manufactures and sells corrugated and consumer packaging products in the United States, Canada, Mexico, Chile, Argentina, Puerto Rico, and China. The company operates in three segments: Corrugated Packaging, Consumer Packaging, and Recycling. The Corrugated Packaging segment offers containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards for consumer and industrial products manufacturers and corrugated box manufacturers; converts corrugated sheets into corrugated products; and provides structural and graphic design and engineering services, and automated packaging machines, a swell as turn-key installation, automation, line integration, and packaging solutions. The Consumer Packaging segment provides coated recycled and bleached paperboards, and market pulp; specialty paperboards; folding cartons; solid fiber partitions; express mail envelopes; temporary and permanent point-of-purchase displays, and permanent displays; contract packing services, such as multi-product promotional packing and product manipulation; and lithographic laminated packaging products. This segment also converts specialty paperboards into book covers and other products; prints, coats, die-cuts, and glues cartons to customer specifications; and offers ship finished cartons to customers for assembling, filling, and sealing. The Recycling segment is involved in collecting, sorting, grading, baling, and processing various grades of recovered paper, including old corrugated containers, office paper, box clippings, newspaper, and print shop scraps; collecting aluminum and plastics for resale to manufacturers; providing recycling and waste disposal services, as well as fiber marketing and brokerage services; and selling scrap materials. The company markets its products through its sales force, independent sales representatives, and independent distributors. Rock-Tenn Company was founded in 1936 and is headquartered in Norcross, Georgia.

25,800 Employees
Last Reported Date: 11/18/13
Founded in 1936

rock tenn company -cl a (RKT) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $665.7K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $22.9K
President of Paper Solutions
Total Annual Compensation: $705.5K
President of Consumer Packaging & Recycling
Total Annual Compensation: $596.8K
Executive Vice President, General Counsel and...
Total Annual Compensation: $394.0K
Compensation as of Fiscal Year 2013.

rock tenn company -cl a (RKT) Key Developments

Rock-Tenn Company Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014

Rock-Tenn Company reported earnings results for the third quarter ended June 30, 2014. For the quarter, the company reported net income attributable to the shareholders of the company was $133.3 million, or $1.82 per diluted share, compared to $140.1 million, or $1.91 per diluted share, for the same quarter ended June 30, 2013. net sales were $2.53 billion, compared to $2.45 billion for the same quarter ended June 30, 2013. Net income attributable to the shareholders of the company for the nine months ended June 30, 2014 was $325.8 million, or $4.46 per diluted share, compared to $550.8 million, or $7.55 per diluted share, for the same period ended June 30, 2013. Net sales for the nine months ended June 30, 2014 were $7.29 billion, compared to $7.06 billion for the same period ended June 30, 2013.

Rock-Tenn Company Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year of Fiscal 2014 and for Full Year of Fiscal 2015 and Tax Rate Guidance for the Fiscal 2016

Rock-Tenn Company reported unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2014. For the quarter, the company reported net sales of $2,530.9 million compared to $2,448.3 million a year ago, primarily as a result of the Tacoma Mill and specialty display acquisitions completed in May 2014 and December 2013, respectively, and higher selling prices. Operating profit was $231.0 million compared to $229.3 million a year ago. Income before income taxes was $211.3 million compared to $203.1 million a year ago. Net income attributable to the company’s shareholders was $133.3 million or $1.82 diluted per share compared to $140.1 million or $1.91 diluted per share a year ago. Net cash provided by operating activities was $218.0 million compared to $270.0 million a year ago. Capital expenditures were $150.6 million compared to $113.1 million a year ago. Adjusted net income was $143.6 million compared to $158.1 million a year ago. Adjusted earnings per diluted share were $1.97 compared to $2.16 a year ago. Due primarily to the $341 million associated with the May 16, 2014 acquisition of the Tacoma Mill, net debt increased $312 million in the June quarter to $2.95 billion and at June 30, 2014. Free cash flow for the quarter was $206 million or $2.82 per share. For the nine months period, the company reported net sales of $7,287.1 million compared to $7,060.3 million a year ago. Operating profit was $593.9 million compared to $535.1 million a year ago. Income before income taxes was $529.2 million compared to $453.9 million a year ago. Net income attributable to the company’s shareholders was $325.8 million or $4.46 diluted per share compared to $550.8 million or $7.55 diluted per share a year ago. Net cash provided by operating activities was $749.1 million compared to $722.6 million a year ago. Capital expenditures were $377.7 million compared to $307.1 million a year ago. Net debt as at June 30, 2014 was $2,946.4 million compared to $2,984.1 million a year ago. Adjusted net income was $358.0 million compared to $338.0 million a year ago. Adjusted earnings per diluted share were $4.90 compared to $4.63 a year ago. The company provided earnings guidance for the fourth quarter and full year of fiscal 2014 and for full year of fiscal 2015 and tax rate guidance for the fiscal 2016. The company expects tax rate for the fourth quarter to be between 36% and 38%. The company expects its September quarter adjusted EPS, after its 2-for-1 stock split, to be in the range of $1 to $1.10 per share. The company expects to generate over $1.70 per share in free cash flow in the quarter, putting the company at or slightly above $6 per share in free cash flow for the year. The company estimates, based on its current earnings forecast and tax credit position, a cash tax rate of approximately mid-teens percent in fiscal 2015. The company finalizing its capital expenditure plans for fiscal 2015 and expect capital expenditures next year of approximately $500 million. The company estimates, based on its current earnings forecast and tax credit position, a cash tax rate of approximately mid-20s percent in fiscal 2016. The company expects that its 2014 capital expenditures may be slightly higher than its $550 million guidance, perhaps as high as $575 million, reflecting the Tacoma acquisition and other items. The company expects slightly above $6 per share in free cash flow for the year.

RockTenn Declares Dividend on Class A Common Stock, 19, 2014

RockTenn reported that its Board of Directors declared a dividend of $0.35 per share on its Class A Common Stock to shareholders of record at the close of business on August 6, 2014. The dividend, which will be paid on August 19, 2014, represents an annual dividend rate of $1.40 per share.

 

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