Westrock Coffee Q4 2023 Earnings Report
Key Takeaways
Westrock Coffee Company reported a decrease in consolidated net sales for Q4 2023, with a consolidated gross profit increase. The net loss improved compared to the same quarter in the previous year, although adjusted EBITDA decreased. The company is preparing for the commercial launch of its new Extract and Ready-to-Drink plant.
Consolidated net sales decreased by 5.6% to $215.0 million.
Consolidated gross profit increased to $34.8 million, including non-cash mark-to-market losses.
Net loss improved to $20.1 million, which included transaction, restructuring, integration expenses, and start-up costs.
Adjusted EBITDA decreased to $13.7 million.
Westrock Coffee
Westrock Coffee
Westrock Coffee Revenue by Segment
Forward Guidance
The Company expects consolidated Adjusted EBITDA to be between $60 million and $80 million in fiscal 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income