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Westrock Coffee Company - $WEST STOCK NEWS

Welcome to our dedicated page for Westrock Coffee Company news (Ticker: $WEST), a resource for investors and traders seeking the latest updates and insights on Westrock Coffee Company stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Westrock Coffee Company's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Westrock Coffee Company's position in the market.

Rhea-AI Summary
Westrock Coffee Company (NASDAQ: WEST) announced an incremental $25 million equity investment by the Arkansas Teacher Retirement System, adding to the previously announced $75 million investment. This investment aims to support the company's long-term growth strategy, particularly in expanding its extracts and ready-to-drink business at its Conway, Arkansas facility.
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Rhea-AI Summary
Westrock Coffee Company has entered into definitive agreements to receive equity investments of $75.0 million from HF Capital, LLC and the Herbert Hunt family. The company has also amended its existing credit agreement to increase its total net leverage financial covenant and raise the minimum interest coverage ratio. The 2023 outlook for Adjusted EBITDA has been updated to reflect flat to up 10% growth over 2022. Additionally, Westrock Coffee has been included in the Russell 3000® and Russell 2000® indices.
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Rhea-AI Summary
Westrock Coffee Company reported financial results for Q1 2023, with net sales of $205.4 million, a 10% increase compared to Q1 2022. The company experienced a net loss of $4.3 million, which included $6.6 million of acquisition, restructuring, and integration expense. Adjusted EBITDA was $8.5 million, a decrease of $2.9 million compared to Q1 2022. The Beverage Solutions segment contributed $181.2 million of net sales, while the SS&T segment contributed $24.2 million. The company reiterates its guidance for consolidated Adjusted EBITDA to grow 10% to 25% in full-year 2023.
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Westrock Coffee Company

Nasdaq:WEST

WEST Rankings

WEST Stock Data

948.14M
8.58M
56.86%
40.58%
6.59%
Dog and Cat Food Manufacturing
Manufacturing
Link
United States of America
LITTLE ROCK

About WEST

our company's foundational belief is that the free market system of open, competitive trade is the only system that offers sustainable economic hope—along with personal dignity—to those most deeply mired in poverty. for us, sustainability is not a relegated program or detached department. it is our end goal. high-quality, carefully crafted coffee is our opportunity to make real change. coffee has provided us a chance to reimagine the playing field and build a stable, direct channel between farming communities and the end consumer. our team of quality experts, quality graders and coffee cuppers work with our roasters to create roast calculations that are unique to each varietal. they are working every day to develop unique blends and ensure consistency in every cup. we are headquartered in little rock, arkansas where we provide office coffee services to central and northwest arkansas. find our coffee at kroger, harps, bi-lo, winn-dixie, food lion and hannaford or online at www.westrockc