Westrock Coffee Reports Q3 2022 Net Sales Up 27% to $230.3M, Adj. EBITDA Up 33% to $17.9M; Acquires Kohana Coffee

Westrock Coffee Co

2022-Q3 EPS reported -$1.12 revenue$640,149,000

Q3 2022 net sales $230.3M, up 27% YoY; net loss $13.0M vs $3.9M loss in prior year.
Adjusted EBITDA $17.9M, up 33% YoY; Beverage Solutions segment sales $173.5M, up 25%.
Acquired Kohana Coffee, an extract/RTD producer in Richmond, CA; owners become shareholders.
Accelerating Conway Phase II expansion; additional $90M capex, total ~$275M over 3 years.
Updated FY2022 guidance: net sales $850M-$890M, Adjusted EBITDA $60M-$63M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Westrock Coffee Co reported the third quarter ended September 30, 2022 results: revenue $230.3 million, net income $13.0 million. Guidance lowered.

Period: the third quarter ended September 30, 2022
Revenue: $230.3 million
Net income: $13.0 million
Guidance: lowered
Result: reported results

Exact text from the filing

● Consolidated net sales were $230.3 million for the third quarter of 2022, an increase of $49.0 million, or 27% compared to the third quarter of 2021. ● Consolidated gross profit was $41.1 million for the third quarter of 2022, an increase of $2.9 million, or 7% compared to the third quarter of 2021. ● Net loss for the period was $13.0 million compared to a net loss of $3.9 million for the same period in 2021.

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Source: SEC EDGAR

accession 0001558370-22-017781

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