Westrock Coffee Q3 2022 Earnings Report
Key Takeaways
Westrock Coffee reported a 27% increase in consolidated net sales, reaching $230.3 million, and a 33% increase in Adjusted EBITDA, amounting to $17.9 million for the third quarter of 2022. However, the company experienced a net loss of $13.0 million, which included acquisition, restructuring, integration expenses, non-cash expenses, and interest expenses related to debt extinguishment.
Consolidated net sales increased by 27% to $230.3 million compared to Q3 2021.
Consolidated gross profit increased by 7% to $41.1 million compared to Q3 2021.
Net loss was $13.0 million, including several expenses.
Adjusted EBITDA increased by 33% to $17.9 million compared to Q3 2021.
Westrock Coffee
Westrock Coffee
Westrock Coffee Revenue by Segment
Forward Guidance
Westrock Coffee is updating guidance for 2022 net sales to a range of $850.0 million to $890.0 million and Adjusted EBITDA to a range of $60.0 million to $63.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income