Westrock Coffee bullish on EBITDA but cuts this year's guidance [Yahoo! Finance]
Westrock Coffee Company (WEST)
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Source: Yahoo! Finance
In its third-quarter results, the company outlined it anticipates consolidated adjusted EBITDA to come in around $80m to $100m in fiscal year 2025. The projection includes the impact of approximately $10m to $15m of scale-up costs associated with the Conway facility. Westrock Coffee CEO and co-founder Scott Ford said the company “had a strong third quarter, despite what continues to be a challenging macroeconomic environment for the consumer”. The anticipated growth will be driven by higher coffee volumes, new single-serve customer commitments, cost savings, and the expansion of ready-to-drink can and glass bottle products. In Q2 2024, Westrock Coffee had expected consolidated adjusted EBITDA to be $60m to $65m for fiscal 2024. It was relatively flat in the third quarter at $10.3m versus $11.6m a year earlier. For the three months ended on 30 September 2024, Westrock Coffee reported a net loss of $14.3m, as against net income of $16.6m during the same period in 2023. The
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News
- Group President?Operations of Westrock Beverage Solutions of Westrock Coffee William Ford Buys 5.5% More Shares [Yahoo! Finance]Yahoo! Finance
- Westrock Coffee Company (NASDAQ:WEST) Analysts Are Reducing Their Forecasts For Next Year [Yahoo! Finance]Yahoo! Finance
- Westrock Coffee Company to Participate in the Stephens Annual Investment ConferenceGlobeNewswire
- Analysts Have Been Trimming Their Westrock Coffee Company (NASDAQ:WEST) Price Target After Its Latest Report [Yahoo! Finance]Yahoo! Finance
- Westrock Coffee Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
WEST
Earnings
- 11/7/24 - Miss
WEST
Sec Filings
- 11/14/24 - Form 4
- 11/14/24 - Form 4
- 11/14/24 - Form 4
- WEST's page on the SEC website