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Stock impact report

Westrock Coffee Company Reports First Quarter 2024 Results

Westrock Coffee Company (WEST) 
US:NASDAQ Investor Relations: andalaysolar.com/main1
Company Research Source: GlobeNewswire
Announces Delivery of First Commercial Products from Conway, AR Extract and Ready-to-Drink Facility Reaffirms 2024 Guidance; Issues Preliminary 2025 Guidance LITTLE ROCK, Ark., May 09, 2024 (GLOBE NEWSWIRE) -- Westrock Coffee Company (Nasdaq: WEST) (“Westrock Coffee” or the “Company”) today reported financial results for the first quarter ended March 31, 2024. First Quarter Highlights Consolidated net sales were $192.5 million for the first quarter of 2024, a decrease of $12.9 million, or 6.3%, compared to the first quarter of 2023.Consolidated gross profit for the first quarter of 2024 was $37.3 million and included $1.6 million of non-cash mark-to-market gains, compared to consolidated gross profit of $34.3 million for the first quarter of 2023, which included $1.2 million of non-cash mark-to-market gains.Net loss for the period was $23.7 million, compared to a net loss of $4.3 million for the first quarter of 2023. The $23.7 million net loss for the first quarter of 2024 incl Show less Read more
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