Reports Q2 revenue $224.694M, consensus $239.13M. Scott Ford, CEO and Co-founder stated, “We are pleased to announce today our second quarter financial results and the closing of our $118.8 million equity raise, which provides us with the capital necessary to fully fund the expanded opportunities we were seeing for our Conway extract and RTD facility. We currently have customer commitments for 100% of the capacity available in our originally planned for high-speed can and glass bottle lines, and we are well on our way to contracting the expanded capacity we announced in late June. I could not be more excited about where we sit in both our customer and competitive landscape or of the team that has worked tirelessly to put us in this position.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on WEST:
- Westrock Coffee Company Reports Second Quarter 2023 Results and Announces Closing of $118.8 Million Equity Investment to Support Long-Term Growth
- Westrock Coffee Company to Report Second Quarter 2023 Financial Results on August 9, 2023
- Westrock Coffee announces ARTRS to buy 2.5M shares at $10 per share
- Westrock Coffee Company Announces Additional $25 Million Equity Investment
- Westrock Coffee price target lowered to $13 from $14 at Stifel
Questions or Comments about the article? Write to editor@tipranks.com