Nov 5, 2026, 4:10 PM ETConsumer Defensive

Westrock Coffee Company — Third Quarter 2026 Earnings Summary

WESTWESTROCK COFFEE CO

Financial Performance

Consolidated net sales were $300.2 million for the quarter, a 15.4% decrease year-over-year, driven by $26.1 million in tariff refunds passed to customers and lower average green coffee prices.
Gross profit was $41.5 million, representing a 0.2% increase compared to the prior year period.
Net loss was $10.0 million, an improvement from a net loss of $19.1 million in the prior year quarter.
Consolidated Adjusted EBITDA was $26.4 million, up 14.0% year-over-year from $23.2 million.
Capital expenditures were $8.8 million, down from $18.1 million in the third quarter of 2025.
For the nine months ended September 30, 2026, net loss was $32.2 million compared to $67.9 million in the prior year period.
Consolidated Adjusted EBITDA for the nine months ended September 30, 2026, was $73.7 million, up from $46.7 million in the prior year period.
Cash and cash equivalents were $41.1 million as of September 30, 2026, down from $49.9 million at December 31, 2025.
Total shareholders' equity (deficit) was $(34.9) million as of September 30, 2026, compared to $(1.9) million at December 31, 2025.
Total debt increased, with current maturities of long-term debt at $44.1 million and short-term debt at $77.9 million as of September 30, 2026.

The Company reaffirmed its 2026 guidance for Consolidated Adjusted EBITDA of $90.0 million to $100.0 million.
The Company provided preliminary 2027 guidance for Consolidated Adjusted EBITDA of approximately $130.0 million.
The Company stated it cannot readily reconcile forecasted Consolidated Adjusted EBITDA to forecasted GAAP net income due to uncertain items such as market-to-market adjustments.

Beverage Solutions: Net sales were $220.1 million, a 16.3% decrease year-over-year. Segment Adjusted EBITDA was $23.3 million, an increase of 13.9% compared to the prior year period.
Sustainable Sourcing & Traceability: Net sales were $80.1 million, a 12.8% decrease year-over-year. Segment Adjusted EBITDA was $3.2 million, down from $5.8 million in the prior year period.
The Beverage Solutions segment reported trailing twelve-month Adjusted EBITDA of $87.5 million as of September 30, 2026.

The Company serves the world's largest brands across packaged coffee, tea, ready-to-drink coffee, energy, and functional beverage categories.
Operations span 10 countries, serving retail, foodservice, convenience, consumer packaged goods, and hospitality sectors.
The Company maintains a digitally traceable supply chain.

Risks include changes in domestic and foreign business conditions, market, financial, political, and legal conditions.
Potential inability to secure adequate supplies of key raw materials (green coffee and tea) or supply chain disruptions due to tariffs, trade restrictions, or global conflicts.
Risks related to the uncertainty of projected financial information and the timing of business milestones.
Potential inability to successfully commercialize the Conway, Arkansas facility and generate positive operating cash flows within the anticipated timeframe.
Risks associated with competition, industry consolidation, and the ability to issue equity or obtain debt financing.
Risk of failing to comply with financial covenants in the credit agreement.
Risks regarding the loss of significant customers, litigation, and the potential loss of emerging growth company status.

CEO Scott T. Ford described the third quarter as a record quarter, marking the sixth consecutive quarter of year-over-year Consolidated Adjusted EBITDA growth.
Management stated the company is growing, generating cash, and has placed the balance sheet on solid footing for the long-term following the new credit agreement.

On October 21, 2026, the Company closed an upsized refinancing for its Beverage Solutions segment with a new $600.0 million credit agreement ($300.0 million term loan and $300.0 million revolving credit facility) led by Rabobank, maturing in October 2031.
The new credit agreement total commitment of $600.0 million is up from $425.0 million under the prior agreement.
As part of the refinancing, the Company repurchased $40.0 million of its 5% convertible senior notes due 2029 for approximately $20.7 million in cash.
The Company issued approximately 2.4 million shares of common stock and amended the remaining $32.0 million of 2029 Notes, extending their maturity to January 2032.
The amended notes (now 2032 Notes) allow optional redemption if shares trade at or above $14.25 for more than 120 consecutive trading days.
Proceeds from the new credit agreement were used to repay debt under the prior agreement, cover transaction costs, and for general corporate purposes.
The Company's secured net leverage ratio for the Beverage Solutions segment was 3.07x as of September 30, 2026.