Westrock Coffee Company Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 12, 2024 at 04:10 pm EDT
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Westrock Coffee Company reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 214.97 million compared to USD 227.72 million a year ago. Net loss was USD 20.05 million compared to USD 31.6 million a year ago. Basic loss per share from continuing operations was USD 0.23 compared to USD 0.44 a year ago. Diluted loss per share from continuing operations was USD 0.23 compared to USD 0.44 a year ago.
For the full year, sales was USD 864.71 million compared to USD 867.87 million a year ago. Net loss was USD 34.58 million compared to USD 55.19 million a year ago. Basic loss per share from continuing operations was USD 0.43 compared to USD 1.6 a year ago. Diluted loss per share from continuing operations was USD 0.43 compared to USD 1.6 a year ago.
Westrock Coffee Company is an integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the United States. It provides coffee sourcing, supply chain management, product development, roasting, packaging and distribution services to the retail, food service and restaurant, convenience store and travel center, non-commercial account, CPG, and hospitality industries around the world. It has two segments: Beverage Solutions and Sustainable Sourcing & Traceability (SS&T). Beverage Solutions segment provides products in a variety of packaging, including branded and private label coffee in bags, fractional packs, and single-serve cups, as well as extract solutions to be used in products, such as cold brew and ready-to-drink offerings. SS&T segment utilizes its technology and digitally traceable supply chain to directly impact and improve the lives of its farming partners, tangible economic empowerment and an emphasis on environmental accountability and farmer literacy.
WESTROCK COFFEE COMPANY 
