Westrock Coffee Q2 Adj EBITDA up 20.8% to $13.7M; narrows 2024 guidance to $60-65M

Westrock Coffee Co

2024-Q2 EPS reported -$0.47 revenue$400,889,000

Net sales $208.4M, down 7.3% YoY; net loss narrowed to $17.8M from $26.8M.
Adjusted EBITDA $13.7M, up 20.8% YoY; Beverage Solutions Adj EBITDA margin improved ~200bps.
First commercial sales of multi-serve bottles and cans from Conway extract/RTD facility.
2024 Adj EBITDA guidance narrowed to $60-65M; 2025 Adj EBITDA reaffirmed at $115M.
SS&T segment net sales $45.1M (up 28.9% YoY) and Adj EBITDA turned positive at $0.4M.

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