Westrock Coffee Q4 net sales $215M, Adj. EBITDA $13.7M; 2024 outlook $60-80M Adj. EBITDA

Westrock Coffee Co

Q4 net sales $215.0M (-5.6% YoY); net loss $20.1M vs $31.9M loss a year ago.
Full year net loss $34.6M vs $55.5M loss; Adjusted EBITDA $45.1M (-25% YoY).
Beverage Solutions: FY net sales $722.9M, Adj. EBITDA $41.6M; SS&T: $141.8M, $3.5M.
Unrestricted cash & undrawn revolver $147.2M; leverage ratio 4.4x.
FY2024 Adj. EBITDA outlook $60M-$80M; Conway RTD first commercial products expected April '24.

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 0.9

Westrock Coffee Co reported the year ended December 31, 2023 results: revenue $864.7 million, net income $34.6 million.

Period: the year ended December 31, 2023
Revenue: $864.7 million
Net income: $34.6 million
Result: reported results

Exact text from the filing

for the fourth quarter of 2023, compared to $35.1 million and $2.3 million, respectively, for the fourth quarter of 2022. Full Year 2023 Highlights ● Consolidated net sales were $864.7 million for the year ended December 31, 2023, a decrease of $3.2 million, or 0.4% compared to the year ended December 31, 2022. ● Consolidated gross profit was $139.9 million for the

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Westrock Coffee Co updated its fiscal 2024 guidance (initiated).

Period: fiscal 2024
Guidance: initiated
Result: guidance update

Exact text from the filing

the Company expects consolidated Adjusted EBITDA to be between $60 million and $80 million in fiscal 2024

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Westrock Coffee Co reported the fourth quarter ended December 31, 2023 results: revenue $215.0 million, net income $20.1 million.

Period: the fourth quarter ended December 31, 2023
Revenue: $215.0 million
Net income: $20.1 million
Result: reported results

Exact text from the filing

plant in Conway, Arkansas which is scheduled to deliver its first commercial products to customers next month.” Fourth Quarter Highlights ● Consolidated net sales were $215.0 million for the fourth quarter of 2023, a decrease of $12.8 million, or 5.6%, compared to the fourth quarter of 2022. ● Consolidated gross profit for the fourth quarter of 2023 was $34.8

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Source: SEC EDGAR

accession 0001558370-24-002984

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