NASDAQ$WEST
Westrock Coffee Company · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Net sales decreased, gross profit increased, and net loss decreased compared to the same quarter last year.
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.
Headline financials
Revenue & EPS history
Westrock Coffee · Revenue · Quarterly
$208M
Revenue by segment
Westrock Coffee · $177M total across 1 segment · Q3 2023
- Beverage Solutions$177M+1.9%100.0%
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.
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 2024
+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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