Highest-materiality recent filing
Westrock Coffee extends $361M credit facility maturity to Nov 2028, terminates covenant relief early
Amendment extends ~$361M of loans/commitments from Aug 2027 to Nov 2028; ~$26M continues to mature Aug 2027.
Net sales $308.8M (+44.4% YoY); gross profit $45.8M (+57.4%).
Westrock Coffee reports FY2025 net sales $1.2B (+39.8%); net loss $90.4M; two directors retire
FY2025 net sales $1.2B (+39.8% YoY); Q4 net sales $339.5M (+48.3% YoY).
Net sales $354.8M (+60.7% YoY); gross profit $41.4M (+11.6%).
Westrock Coffee Q2 net sales up 34.8% to $280.9M; Adj EBITDA $15.3M; reaffirms outlook
Net sales $280.9M (+34.8% YoY); gross profit $41.4M flat; net loss $21.6M vs $17.8M loss prior year.
Westrock Coffee Q1 net sales up 11.1% to $213.8M; net loss widens to $27.2M
Net sales $213.8M (+11.1% YoY); gross profit $29.1M, down 22%.
Westrock Coffee reports FY2024 net loss $80.3M, revenue down 1.6%
Full year 2024 net sales $850.7M (-1.6% YoY), net loss $80.3M vs $34.6M loss in 2023.
Westrock Coffee amends credit facility, adding $25M revolver commitments and covenant relief
Revolving commitments increased from $175M to $200M via $25M incremental facility.
Westrock Coffee Q3 net loss $14.3M; Conway facility orders to begin Q1 2025
Net sales $220.9M (+0.6% YoY); gross profit $37.1M improved from $35.1M.
Westrock Coffee completes warrant exchange, amends warrant agreement
16,676,541 public warrants (97.42%) and 2,026,046 private placement warrants (100%) tendered in exchange offer.
Westrock Coffee completes warrant exchange offer; accepts all tendered warrants
Offered 0.290 common shares per warrant tendered; consents sought to amend warrant agreement for post-offer exchange at 0.261 shares.
Westrock Coffee commences warrant exchange offer for up to 5.55M common shares
Exchange offer allows warrant holders to receive 0.290 common shares per warrant, expiring Sept 26, 2024.
Westrock Coffee Q2 Adj EBITDA up 20.8% to $13.7M; narrows 2024 guidance to $60-65M
Net sales $208.4M, down 7.3% YoY; net loss narrowed to $17.8M from $26.8M.
Westrock Coffee Q1: Revenue down 6.3% to $192.5M, Adj EBITDA up 32% to $11.1M
Net loss widened to $23.7M from $4.3M; includes $9.8M start-up costs for Conway AR facility.
Westrock Coffee Q4 net sales $215M, Adj. EBITDA $13.7M; 2024 outlook $60-80M Adj. EBITDA
Q4 net sales $215.0M (-5.6% YoY); net loss $20.1M vs $31.9M loss a year ago.
Issued $72M 5% convertible senior notes due 2029 at $12.84 conversion price; proceeds to fund Conway facility expansion and JV.
Westrock Coffee Q3 net sales $219.6M (-4.6% YoY); Adjusted EBITDA $11.6M misses guidance
Net sales $219.6M, down 4.6% YoY; net income $16.6M vs net loss $13.0M YoY.
Westrock Coffee closes $118.8M PIPE, issues 11.88M shares at $10; grants board seat to HF Investor
Closed PIPE investments and preemptive rights exercise; aggregate 11.88M shares issued at $10/share for total gross proceeds of $118.8M.
Westrock Coffee Q2 net loss $26.8M; closes $118.8M equity investment for growth
Net loss widened to $26.8M from $5.8M in Q2 2022; revenue $224.7M (+0.6% YoY).
BBH Stockholders exercise preemptive rights, purchase 1.88M shares at $10 each for ~$18.8M
BBH Stockholders exercised preemptive rights to purchase ~1.88 million common shares at $10.00/share.
ARTRS to buy 2.5M shares at $10 each; $25M gross proceeds, incremental to prior $75M commitment.
Westrock Coffee raises $75M in equity, cuts 2023 Adjusted EBITDA guidance to flat/up 10%
Enters agreements for $75M PIPE: 7.5M shares at $10.00 each; expected close August 2023 subject to HSR clearance.
Net sales $205.4M (+10% YoY); net loss $4.3M vs $4.7M loss in Q1 2022.
Westrock Coffee FY2022 sales +24% to $867.9M, Adj. EBITDA +27% to $60.1M; guides 10-25% growth
FY2022 net sales $867.9M (+24% YoY); net loss $55.5M (vs loss $21.3M) includes non-cash warrant charge.
Q3 2022 net sales $230.3M, up 27% YoY; net loss $13.0M vs $3.9M loss in prior year.
Westrock Coffee completes SPAC merger, lists on Nasdaq under WEST
Business combination with Riverview Acquisition Corp. closed on Aug 26, 2022; common stock and warrants began trading Aug 29 on Nasdaq (WEST/WESTW).
Westrock Coffee completes business combination with Riverview Acquisition Corp., lists on Nasdaq
Business combination closed; common stock and warrants trade on Nasdaq under WEST and WESTW.
Westrock Coffee reports Q2 results, merger with Riverview scheduled to close
Second quarter 2022 financial results announced in press release dated August 18, 2022; specific figures not available in filing excerpt.
On November 5, 2024, the Board increased its size from ten to eleven directors and appointed Mr. Ken Parent to the resulting vacancy to serve as a Class I director of the Board.
In connection with the Closing, Hugh McColl, III, R. Brad Martin, Mark Edmunds, Leslie Starr Keating and Oluwatoyin Umesiri were appointed to the Board of Directors.
In connection with the Closing, Hugh McColl, III, R. Brad Martin, Mark Edmunds, Leslie Starr Keating and Oluwatoyin Umesiri were appointed to the Board of Directors.
In connection with the Closing, Hugh McColl, III, R. Brad Martin, Mark Edmunds, Leslie Starr Keating and Oluwatoyin Umesiri were appointed to the Board of Directors.
Witt Stephens and Matthew Salsbury, who were members of the Board of Managers, will not be continuing as members of the Board of Directors.
In connection with the Closing, Hugh McColl, III, R. Brad Martin, Mark Edmunds, Leslie Starr Keating and Oluwatoyin Umesiri were appointed to the Board of Directors.
Witt Stephens and Matthew Salsbury, who were members of the Board of Managers, will not be continuing as members of the Board of Directors.
In connection with the Closing, Hugh McColl, III, R. Brad Martin, Mark Edmunds, Leslie Starr Keating and Oluwatoyin Umesiri were appointed to the Board of Directors.
Witt Stephens and Matthew Salsbury, who were members of the Board of Managers, will not be continuing as members of the Board of Directors.
In connection with the Closing, Hugh McColl, III, R. Brad Martin, Mark Edmunds, Leslie Starr Keating and Oluwatoyin Umesiri were appointed to the Board of Directors.
In connection with the Closing, Hugh McColl, III, R. Brad Martin, Mark Edmunds, Leslie Starr Keating and Oluwatoyin Umesiri were appointed to the Board of Directors.
In connection with the Closing, Hugh McColl, III, R. Brad Martin, Mark Edmunds, Leslie Starr Keating and Oluwatoyin Umesiri were appointed to the Board of Directors.
Max materiality 1.00 · Median 0.65 · Most common event earnings