NASDAQ$WEST
Westrock Coffee Company · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported financial results with a net sales increase of 10% compared to Q1 2022, but gross profit was negatively impacted by production downtime.
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.
Headline financials
Revenue & EPS history
Westrock Coffee · Revenue · Quarterly
$205M
Revenue by segment
Westrock Coffee · $205M total across 2 segments · Q1 2023
- Beverage Solutions$181M—88.2%
- SS&T$24.2M—11.8%
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.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+1.5%
Avg return
Earnings day
+3.4%
Avg return
5 days after
+2.8%
Avg return
30 days after
45%
9 / 20 earnings
Positive
+18.4%
Q1 2025
Best reaction
-14.2%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.8% | +42.2% | +24.2% | |
| Q4 2025 | -3.7% | +11.9% | +22.5% | |
| Q3 2025 | -1.5% | +0.0% | +2.8% | |
| Q1 2025 | +18.4% | +20.2% | +9.8% | |
| Q4 2024 | -10.9% | +5.8% | -10.0% | |
| Q3 2024 | -2.8% | -4.7% | -6.7% | |
| Q2 2024 | -3.1% | -4.4% | -14.7% | |
| Q1 2024 | -0.8% | +1.5% | -2.4% | |
| Q4 2023 | +15.4% | +6.1% | +10.7% | |
| Q3 2023 | -14.2% | -8.3% | +8.9% | |
| Q2 2023 | -3.7% | +0.0% | -5.3% | |
| Q1 2023 | -6.4% | -8.2% | -3.0% | |
| Q2 2022 | +1.7% | +1.6% | +3.4% | |
| Q4 2022 | -0.3% | +5.7% | +11.3% | |
| Q3 2022 | +2.6% | +1.4% | +10.9% | |
| Q3 2021 | +2.6% | +1.4% | +10.9% | |
| Q4 2020 | +9.9% | -2.1% | -5.8% | |
| Q1 2022 | +9.9% | -2.1% | -5.8% | |
| Q4 2021 | +9.9% | -2.1% | -5.8% | |
| Q2 2021 | +9.9% | +2.3% | -0.1% | |
| Q1 2021 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro