Westrock Coffee Q1 net sales up 10% to $205.4M, net loss narrows to $4.3M, reaffirms FY2023 EBITDA guidance

Westrock Coffee Co

2023-Q1 EPS reported -$0.13 revenue$205,442,000

Net sales $205.4M (+10% YoY); net loss $4.3M vs $4.7M loss in Q1 2022.
Adjusted EBITDA $8.5M, down $2.9M YoY; impacted by $4.0M ERP conversion downtime.
Beverage Solutions segment net sales $181.2M (+22% YoY), Adjusted EBITDA $8.4M.
SS&T segment net sales $24.2M (-36% YoY), break-even Adjusted EBITDA.
Reaffirms FY2023 consolidated Adjusted EBITDA growth of 10%-25% ($66M-$75M).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Westrock Coffee Co reported the first quarter ended March 31, 2023 results: revenue $205.4 million, net income $4.3 million. Guidance reaffirmed.

Period: the first quarter ended March 31, 2023
Revenue: $205.4 million
Net income: $4.3 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

long-term growth and prepare us to execute the launch of our Conway extract and ready-to-drink facility early next year.” First Quarter Highlights ● Consolidated net sales were $205.4 million for the first quarter of 2023, an increase of $19.0 million, or 10%, compared to the first quarter of 2022. ● Consolidated gross profit for the first quarter of 2023 was $34.3

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Source: SEC EDGAR

accession 0001558370-23-009380

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