Wildpack Beverage Inc. Q1 2024 Highlights and 2023 Financial Summary

Wildpack Beverage Inc. reported significant growth in Q1 2024 with confirmed customer sales orders totaling $17.04 million, and a 12-month run rate of $83.41 million. The total throughput reached 66.6 million cans, including specific production metrics on decorating, filling, and printing operations. The company highlighted a plant utilization of 20.5%, reflecting an increase in operational activities despite seasonal variations.

The fiscal year 2023 also showed positive results with revenues growing to $56.31 million and an expansion in production volume utilization from 25.2% to 40.4%. Additionally, a new 4-year supply agreement with Ball Corporation was established during the year.

Moreover, Q4 2023 revealed a revenue increase by 41%, totaling $13.74 million and a growth in volume to 78.3 million cans. The quarter witnessed a substantial increase in production capacity utilization by 7.6%, marking it at 36.4%.