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Mar 31, 2023
Westrock Coffee Q1 2023 Earnings Report
Reported financial results with a net sales increase of 10% compared to Q1 2022, but gross profit was negatively impacted by production downtime.
Key Takeaways
Westrock Coffee reported a 10% increase in net sales compared to the first quarter of 2022. However, gross profit decreased due to production downtime related to the integration of a new enterprise resource planning system. The company is focused on launching its Conway extract and ready-to-drink facility in Q1 2024 and maturing existing operations.
Consolidated net sales increased by 10% to $205.4 million compared to Q1 2022.
Gross profit was $34.3 million, impacted by production downtime.
Net loss was $4.3 million, including acquisition, restructuring, and integration expenses.
Adjusted EBITDA was $8.5 million, a decrease compared to Q1 2022.
Revenue by Segment
Forward Guidance
The Company is reiterating its guidance for consolidated Adjusted EBITDA to grow 10% to 25% in full-year 2023, representing a range of $66 million to $75 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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