Financial Performance - Net sales for Q3 2024 were $220.9 million, an increase of $1.2 million or 0.6% compared to Q3 2023[4] - Gross profit for Q3 2024 was $37.1 million, up from $35.1 million in Q3 2023, despite including $0.5 million of non-cash mark-to-market losses[4] - The net loss for Q3 2024 was $14.3 million, compared to a net income of $16.6 million in Q3 2023[5] - Consolidated Adjusted EBITDA for Q3 2024 was $10.3 million, down from $11.6 million in Q3 2023, including $4.0 million of scale-up costs related to the Conway Facility[6] - Total operating expenses increased to $49,827 for the three months ended September 30, 2024, from $40,435 in the prior year, representing a rise of 23.5%[21] - The company reported a net loss of $14,259 for the three months ended September 30, 2024, compared to a net income of $16,621 in the same period last year[21] - Consolidated Adjusted EBITDA for the nine months ended September 30, 2024, was $33,845 thousand, an increase from $31,358 thousand for the same period in 2023[24] Segment Performance - The Beverage Solutions segment generated $164.0 million in net sales with Segment Adjusted EBITDA of $11.8 million for Q3 2024, compared to $176.8 million and $9.9 million, respectively, in Q3 2023[7] - Beverage Solutions segment net sales for the three months ended September 30, 2024, were $164,010, down from $176,818 in the same period of 2023, a decrease of 7.2%[23] - The Sustainable Sourcing & Traceability segment reported net sales of $56.9 million and Segment Adjusted EBITDA of $2.5 million for Q3 2024, up from $42.8 million and $1.7 million in Q3 2023[8] - Sustainable Sourcing & Traceability segment net sales increased to $56,850 for the three months ended September 30, 2024, from $42,794 in the prior year, marking a growth of 32.8%[23] - The company reported an Adjusted EBITDA of $11,752 for the Beverage Solutions segment for the three months ended September 30, 2024, compared to $9,884 in the same period last year, an increase of 18.8%[23] Future Expectations - The company expects to report $50.0 million of Consolidated Adjusted EBITDA for fiscal year 2024, including $10.0 million of scale-up costs associated with the Conway Facility[11] - For fiscal year 2025, the company anticipates Consolidated Adjusted EBITDA between $80.0 million and $100.0 million, driven by volume growth and new customer commitments[12] - The Conway Facility is expected to onboard over a dozen new customers in Q1 2025, projected to generate more annual Consolidated Adjusted EBITDA than the current base business[3] Cash Flow and Expenses - Cash used in operating activities for the nine months ended September 30, 2024, was $16,023, a significant improvement from $75,131 used in the same period of 2023[22] - Net cash provided by financing activities for the nine months ended September 30, 2024, was $151,364, compared to $223,147 in the prior year[22] - The company incurred $30,115 thousand in pre-production costs for the Conway extract and ready-to-drink facility during the nine months ended September 30, 2024[24] - Transaction, restructuring, and integration expenses totaled $9,901 thousand for the nine months ended September 30, 2024, down from $12,682 thousand in the same period of 2023[24] - Interest expense for the three months ended September 30, 2024, was $6,889 thousand, slightly down from $7,803 thousand in the prior year[24] - Depreciation and amortization increased to $7,680 thousand for the three months ended September 30, 2024, compared to $6,364 thousand in the same period last year[24] - Equity-based compensation for the three months ended September 30, 2024, was $3,028 thousand, compared to $2,439 thousand in the same period last year[24] Governance - Ken Parent has been appointed to the Board of Directors, bringing extensive experience from Pilot Flying J[10] Other Financial Metrics - The total liabilities, convertible preferred shares, and shareholders' equity amounted to $1,077,114 as of September 30, 2024, compared to $971,514 at the end of 2023[20] - The company reported a change in the fair value of warrant liabilities of $(5,481) thousand for the three months ended September 30, 2024[24] - Consolidated Adjusted EBITDA for the three months ended June 30, 2024, was revised to $12,434 thousand after excluding scale-up costs[25] - The company emphasizes that EBITDA and Consolidated Adjusted EBITDA are important non-GAAP measures for evaluating operating performance and profitability[26]

Deliveries of Bollinger B4 continue, with electric trucks to TEC Equipment OAK PARK, Mich., Oct. 30, 2024 /PRNewswire/ -- Bollinger Motors today announced it has made its first customer delivery on the West Coast, sending three 2025 Bollinger B4 Chassis Cabs to TEC Equipment's dealerships in Lacey, Washington; Fontana, California; and Oakland, California. The vehicles' total retail value equals nearly $500,000. Bollinger B4 Bollinger B4 The Bollinger B4 Chassis Cab is an all-new, all-electric Class 4 commer ...

VANCOUVER, BC, Oct. 21, 2024 /PRNewswire/ - Nevada King Gold Corp. (TSXV: NKG) (OTC: NKGFF) ("Nevada King" or the "Company") is pleased to announce commencement of its Phase III drill program with the mobilization of a reverse-circulation ("RC") drill to conduct drilling across the recently discovered Wild West Target ("WWT") (August 19, 2024 release) at its 5,166 hectares (51.6km2), 100%-owned Atlanta Gold Mine Project along the prolific Battle Mountain Trend 264km northeast of Las Vegas, Nevada.Wild West ...

Westrock Coffee Company (WEST) shares ended the last trading session 10.8% higher at $6.36. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 18.5% loss over the past four weeks. Westrock's stock rally is an extension of its innovative beverage solutions that have impressed investors. The company provides a comprehensive range of services, from coffee bean sourcing to final product distribution, demonstrating a stron ...

Westrock Coffee Company (WEST) shares ended the last trading session 5.7% higher at $7.09. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 21.6% loss over the past four weeks. The Westrock stock surge followed Craig-Hallum's initiation of coverage on the coffee industry supplier with a Buy rating. The analyst referred to Westrock as a leading brand-behind-the-brand beverage solutions provider, serving blue-chip cli ...

Westrock Coffee Company (NASDAQ:WEST) Q2 2024 Earnings Call August 8, 2024 4:30 PM ET Company Participants Robert Mounger - Investor Relations Scott Ford - Co-Founder and Chief Executive Officer Chris Pledger - Chief Financial Officer Conference Call Participants Todd Brooks - Benchmark Company Matt Smith - Stifel Sarang Vora - Telsey Advisory Group Eric Des Lauriers - Craig-Hallum Capital Group Operator Hello, and welcome to Westrock Coffee Company’s Second Quarter 2024 Earnings Conference Call. My name is ...

Westrock Coffee Company (WEST) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.21 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 75%. A quarter ago, it was expected that this company would post a loss of $0.02 per share when it actually produced a loss of $0.13, delivering a surprise of -550%. Over the last four quarters, the company has su ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____. Commission File Number: 001-41485 WESTROCK COFFEE COMPANY (Exact Name of Registrant as Specified in Its Charter) Delaware 80-0977200 (St ...

Westrock Coffee Company Reports Second Quarter 2024 Results Updates 2024 and Reaffirms 2025 Guidance Little Rock, Ark., August 8, 2024 (GLOBE NEWSWIRE) – Westrock Coffee Company (Nasdaq: WEST) ("Westrock Coffee" or the "Company") today reported financial results for the second quarter ended June 30, 2024. Second Quarter Highlights Consolidated Results ● Net sales were $208.4 million for the second quarter of 2024, a decrease of $16.3 million, or 7.3%, compared to the second quarter of 2023. ● Gross profit f ...

VANCOUVER, B.C., July 30, 2024 (GLOBE NEWSWIRE) -- Trillion Energy International Inc. ("Trillion" or the "Company") (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to provide an update on perforations of the West Akcakoca-1 well at the SASB gas field located in the southwestern Black Sea and production progress to date. The West Akcakoca-1 well has now had the remaining three perforation intervals totaling 4 metres perforated for a total of five zones. Prior delays involving weather conditions and wai ...