Westrock fee pany(US:WEST)2025-05-08 20:10Financial Performance - Net sales for Q1 2025 were $213.8 million, an increase of 11.1% compared to the prior year[7] - Gross profit decreased to $29.1 million, down 22.0% from the previous year[7] - Net loss for Q1 2025 was $27.2 million, compared to a net loss of $23.7 million in the prior year[7] - Consolidated Adjusted EBITDA was $8.2 million, including $3.3 million of scale-up costs related to the Conway Facility[7] - Beverage Solutions segment net sales increased by 3.8% to $164.1 million, while Segment Adjusted EBITDA decreased by 11.3% to $9.6 million[7] - Sustainable Sourcing & Traceability segment net sales surged by 44.4% to $49.7 million, with Segment Adjusted EBITDA rising to $1.9 million from $0.3 million in Q1 2024[7] - Consolidated Adjusted EBITDA for Q1 2025 was $8,224,000, down from $11,142,000 in Q1 2024, indicating a decline of 26.0%[25] Guidance and Future Outlook - The company reaffirmed its guidance for Consolidated Adjusted EBITDA and Segment Adjusted EBITDA for 2025 and 2026[4] Cash and Liquidity - Cash and cash equivalents increased to $33.1 million as of March 31, 2025, up from $26.2 million at the end of 2024[14] - Cash and cash equivalents at the end of the period increased to $44,888,000 in Q1 2025 from $13,776,000 in Q1 2024, showing a significant improvement in liquidity[doc id='18'] - Net cash used in operating activities for Q1 2025 was $(22,121,000), a decline from net cash provided of $7,979,000 in Q1 2024[doc id='18'] - Total cash flows from investing activities were $(40,785,000) in Q1 2025, compared to $(68,936,000) in Q1 2024, indicating a reduction in cash outflows[doc id='18'] - Payments on debt in Q1 2025 amounted to $34,064,000, a decrease from $100,462,000 in Q1 2024, reflecting a strategic reduction in debt servicing[doc id='18'] Assets and Liabilities - Total assets rose to $1.14 billion, compared to $1.10 billion at the end of 2024[14] - Total liabilities increased to $793.5 million from $730.4 million at the end of 2024[14] Accounts Receivable - The company reported a significant increase in accounts receivable, which rose to $14,553,000 in Q1 2025 from $8,397,000 in Q1 2024, indicating potential growth in sales[doc id='18']