NASDAQ$WEST
Westrock Coffee Company · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported financial results for the second quarter and announced the closing of $118.8 million equity investment.
Westrock Coffee Company reported a slight increase in consolidated net sales, but experienced a net loss due to acquisition expenses and non-cash expenses. The company closed an upsized common stock equity raise of $118.8 million to fund expansion opportunities.
- Consolidated net sales increased by 0.6% to $224.7 million compared to the second quarter of 2022.
- Consolidated gross profit was $35.7 million, including $1.0 million of non-cash mark-to-market gains.
- Net loss was $26.8 million, which included $2.9 million of acquisition, restructuring and integration expenses.
- Adjusted EBITDA was $11.3 million, a decrease of $2.0 million compared to the second quarter of 2022.
Headline financials
Revenue & EPS history
Westrock Coffee · Revenue · Quarterly
$225M
Revenue by segment
Westrock Coffee · $190M total across 1 segment · Q2 2023
- Beverage Solutions$190M—100.0%
Forward guidance
The company is reaffirming its guidance provided on June 30, 2023 for 2023 consolidated Adjusted EBITDA to grow flat to 10% over 2022.
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 Q2 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 | — | — | — |
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