Westrock fee pany-Westrock Coffee Company Reports Fourth Quarter and Full Year 2024 Results and Provides 2025 and 2026 Outlook

Core Insights - Westrock Coffee Company reported financial results for Q4 and full year 2024, highlighting a strategic focus on becoming a premier integrated supplier in the coffee, tea, and energy beverage markets [1][3] - The company experienced significant growth in Segment Adjusted EBITDA, particularly in the Sustainable Sourcing & Traceability segment, which saw an increase of 84.1% [7][11] Full Year 2024 Highlights - Net sales for the full year were $850.7 million, a decrease of 1.6% compared to the previous year [7] - Gross profit increased by 10.0% to$ 153.8 million [7] - The net loss for the year was $80.3 million, compared to a net loss of$ 34.6 million in fiscal 2023 [7] Fourth Quarter Highlights - Q4 net sales were $229.0 million, an increase of 6.5% [8] - Gross profit for Q4 was$ 38.0 million, up 9.2% [8] - The net loss for Q4 was $24.6 million, compared to a net loss of$ 20.1 million in the prior year [8] Segment Performance - Beverage Solutions segment net sales were $659.4 million, a decrease of 8.8%, but Segment Adjusted EBITDA increased by 28.9% to$ 53.6 million [7] - Sustainable Sourcing & Traceability segment net sales rose by 34.9% to $191.3 million, with Segment Adjusted EBITDA increasing by 84.1% to$ 6.4 million [7] Credit Facility and Financial Guidance - The company expanded its revolving credit facility by $25 million, bringing total commitments to$ 200 million, to support growth initiatives [10] - For 2025, the company expects significant growth driven by volume increases in its core coffee business and operational improvements [11][13] 2025 and 2026 Outlook - Consolidated Adjusted EBITDA guidance for 2025 ranges from $130 million to$ 150 million [12] - Segment guidance for Beverage Solutions anticipates net sales to be essentially flat, with Segment Adjusted EBITDA expected to increase by 53.0% [12][14]