NASDAQ$WEST

Westrock Coffee Company · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Westrock Coffee's Q4 2023 results reflected a decrease in net sales but an improvement in net loss compared to Q4 2022. The company focused on modernizing operations and building a new facility.

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.

Headline financials

Total Revenue

$215M

Previous: $228M-5.6%
EPS (adj)

-$0.23

Previous: -$0.11-109.1%
Consolidated Adjusted EBITDA

$13.7M

Previous: $17.5M-21.4%
Capital Expenditures

-$43.1M

Previous: $40.3M-206.9%
Net Income

-$20.1M

Previous: -$31.9M+37.2%
Operating Income

$1.12M

Previous: -$423K+365.7%
Gross Profit

$34.8M

Previous: $34.3M+1.5%
Stock-Based Comp

$2.41M

Previous: $1.45M+66.6%

Revenue & EPS history

Westrock Coffee · Revenue · Quarterly

$215M

Q4 2023-5.6%vs Q4 2022
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Revenue by segment

Westrock Coffee · $177M total across 1 segment · Q3 2023

  • Beverage Solutions
    $177M+1.9%

Forward guidance

The Company expects consolidated Adjusted EBITDA to be between $60 million and $80 million in fiscal 2024.

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 Q4 2023

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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