Westrock Coffee Co

For the period ended Mar 31, 2024. Filed May 9, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 9, 2024

WEST$8.79-2.2%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Statements of Operations


· · Three Months Ended March 31,
(Thousands, except per share data) · 2024 · 2023
Net sales	$192,500	$205,442
Costs of sales	155,226	171,144
Gross profit	37,274	34,298

Selling, general and administrative expense	44,440	34,122
Transaction, restructuring and integration expense	2,964	6,644
Loss on disposal of property, plant and equipment	2	896
Total operating expenses	47,406	41,662
Loss from operations	(10,132)	(7,364)

Other (income) expense
Interest expense	7,579	6,029
Change in fair value of warrant liabilities	(41)	(5,529)
Other, net	135	821
Loss before income taxes and equity in earnings from unconsolidated entities	(17,805)	(8,685)
Income tax expense (benefit)	5,815	(4,359)
Equity in (earnings) loss from unconsolidated entities	53	—
Net loss	$(23,673)	$(4,326)
Net income (loss) attributable to non-controlling interest	—	15
Net loss attributable to shareholders	(23,673)	(4,341)
Accretion of Series A Convertible Preferred Shares	87	(429)
Net loss attributable to common shareholders	$(23,586)	$(4,770)

Loss per common share:
Basic	$(0.27)	$(0.06)
Diluted	$(0.27)	$(0.13)

Weighted-average number of shares outstanding:
Basic	88,095	75,358
Diluted	88,095	76,693

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.