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Jun 30, 2024
Westrock Coffee Q2 2024 Earnings Report
Net sales decreased, gross profit increased, and net loss decreased compared to the same quarter last year.
Key Takeaways
Westrock Coffee Company reported a decrease in net sales but an increase in gross profit and a reduced net loss for the second quarter of 2024. The company's Adjusted EBITDA also increased. They are narrowing their 2024 guidance range and reaffirming their 2025 guidance.
Net sales decreased by 7.3% to $208.4 million.
Gross profit increased to $41.4 million, including $1.5 million of non-cash mark-to-market gains.
Net loss decreased to $17.8 million, which included $4.4 million of transaction, restructuring and integration expense and $13.6 million of start-up costs related to the Conway facility.
Adjusted EBITDA increased by 20.8% to $13.7 million.
Revenue by Segment
Forward Guidance
The Company is updating its guidance for Adjusted EBITDA, and the Company now expects Adjusted EBITDA to be between $60 million and $65 million in fiscal year 2024 and is reaffirming its guidance for Adjusted EBITDA of $115 million in fiscal year 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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