Westrock Coffee Says In Fiscal 2024 Co Expects Consolidated Adjusted EBITDA To Be Between $60M-$80M
Portfolio Pulse from Benzinga Newsdesk
Westrock Coffee anticipates its consolidated Adjusted EBITDA for fiscal 2024 to range between $60M-$80M, influenced by the start of operations at its new facility in Conway, Arkansas, and customer commercialization there. The company highlights the broad guidance range due to uncertainties in operational outcomes and external factors. It also notes the inability to provide a detailed reconciliation to GAAP net income due to unpredictable non-cash gains or losses.
February 15, 2024 | 9:38 pm
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Westrock Coffee expects its fiscal 2024 Adjusted EBITDA to be between $60M and $80M, with operations at its new Arkansas facility being a key factor.
The projected increase in Adjusted EBITDA for fiscal 2024 suggests positive growth and operational efficiency, especially with the commencement of the new facility in Conway, Arkansas. This outlook may boost investor confidence in the company's growth trajectory and operational capabilities, potentially leading to a positive short-term impact on WEST's stock price. However, the broad guidance range and the mention of uncertainties in achieving these figures introduce a level of caution.
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