[8-K] Westrock Coffee Co Reports Material Event

Westrock Coffee Company reported strong first quarter 2026 growth, with net sales of $308,825,000 compared with $213,796,000 a year earlier and gross profit rising to $45,768,000 from $29,073,000.

Rhea-AI Filing Summary

Westrock Coffee Company reported strong first quarter 2026 growth, with net sales of $308,825,000 compared with $213,796,000 a year earlier and gross profit rising to $45,768,000 from $29,073,000. Operating performance improved to income from operations of $3,158,000 versus a prior-year loss of $13,069,000, while the net loss narrowed to $8,533,000 from $27,218,000.

Consolidated Adjusted EBITDA increased to $25,968,000 from $8,224,000, marking the fourth consecutive quarter of year-over-year growth, and the company reaffirmed its 2026 Consolidated Adjusted EBITDA outlook of $90,000,000 to $100,000,000. Beverage Solutions segment net sales reached $239,322,000 with Segment Adjusted EBITDA of $23,274,000, and Sustainable Sourcing & Traceability delivered net sales of $69,503,000 and Segment Adjusted EBITDA of $6,460,000.

Total assets were $1,115,801,000 as of March 31, 2026, with total liabilities of $862,613,000 and Series A Convertible Preferred Shares of $273,417,000, resulting in total shareholders’ equity of $(20,229,000). The Beverage Solutions credit agreement secured net leverage ratio was 3.45x, and the company stated it is in compliance with its financial covenants.

Insights

Equity analyst

Westrock posts strong revenue and EBITDA growth while reaffirming 2026 guidance.

Westrock Coffee delivered a sharp improvement in Q1 2026. Net sales rose to $308,825,000 from $213,796,000, and gross profit increased to $45,768,000. Income from operations turned positive at $3,158,000 after a prior-year operating loss, indicating better scale and cost control.

Net loss narrowed to $8,533,000 from $27,218,000, and Consolidated Adjusted EBITDA climbed to $25,968,000 from $8,224,000, the fourth consecutive quarter of year-over-year growth. Segment results were particularly strong in Beverage Solutions, with Segment Adjusted EBITDA of $23,274,000, and Sustainable Sourcing & Traceability at $6,460,000.

The company reaffirmed its 2026 Consolidated Adjusted EBITDA outlook of $90,000,000 to $100,000,000, suggesting management views the trajectory as intact. Debt remains meaningful, with total liabilities of $862,613,000 and a Beverage Solutions secured net leverage ratio of 3.45x, though the company reports compliance with its credit agreement covenants.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How did Westrock Coffee (WEST) perform financially in Q1 2026?

Westrock Coffee reported net sales of $308.8 million in Q1 2026, up from $213.8 million a year earlier. Income from operations improved to $3.2 million from a $13.1 million loss, while net loss narrowed to $8.5 million from $27.2 million.

What was Westrock Coffee’s Q1 2026 Adjusted EBITDA and how did it change?

Consolidated Adjusted EBITDA reached $26.0 million in Q1 2026, compared with $8.2 million in Q1 2025. Management highlighted this as the fourth consecutive quarter of year-over-year Consolidated Adjusted EBITDA growth, reflecting stronger operating performance across the business.

Did Westrock Coffee reaffirm its 2026 financial outlook?

Yes. Westrock Coffee reaffirmed its 2026 guidance for Consolidated Adjusted EBITDA of $90.0 million to $100.0 million. This range matches the outlook previously provided in its earnings release dated March 10, 2026, signaling confidence in its multi-year growth plan.

How are Westrock Coffee’s business segments performing in Q1 2026?

In Q1 2026, Beverage Solutions generated net sales of $239.3 million and Segment Adjusted EBITDA of $23.3 million. Sustainable Sourcing & Traceability delivered net sales of $69.5 million and Segment Adjusted EBITDA of $6.5 million, both segments improving versus the prior-year period.

What is Westrock Coffee’s leverage position and covenant status?

For its Beverage Solutions segment, Westrock Coffee reported a secured net leverage ratio of 3.45x, based on secured net debt of $326.8 million and Credit Agreement Adjusted EBITDA of $94.7 million. The company stated it is in compliance with its financial covenants under the credit agreement.

What do Westrock Coffee’s Q1 2026 cash flows show about liquidity?

Net cash used in operating activities was $11.8 million in Q1 2026, an improvement from $22.1 million used a year earlier. Cash used in investing activities fell to $2.6 million from $40.8 million, while financing activities used $14.6 million, reflecting debt and supply chain finance movements.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/07/2026 - 04:12 PM EDT Learn about SEC filing dates

0001806347false00018063472026-05-072026-05-07

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): May 7, 2026

Westrock Coffee Company

(Exact Name of Registrant as Specified in Charter)

Delaware	​ ​ ​	001-41485	​ ​ ​	80-0977200
(State or Other Jurisdiction of Incorporation)	​	(Commission File Number)	​	(I.R.S. Employer Identification No.)

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4009 N. Rodney Parham Road

4th Floor

Little Rock, AR 72212

(Address of Principal Executive Offices, and Zip Code)

(501) 918-9358

Registrant’s Telephone Number, Including Area Code

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Shares of common stock, par value $0.01 per share	WEST	The Nasdaq Stock Market LLC

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Item 2.02.Results of Operations and Financial Condition.

On May 7, 2026, Westrock Coffee Company (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2026. The first quarter 2026 earnings press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be incorporated by reference in any filing made by the Company pursuant to the Securities Act of 1933, as amended, other than to the extent that such filing incorporates by reference any or all of such information by express reference thereto.

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Item 9.01.Financial Statements and Exhibits.

(d) Exhibits.

​	​	​
Exhibit No.	​ ​ ​	Description of Exhibit
​	​	​
99.1*	​	Westrock Coffee Company Press Release, dated May 7, 2026
​	​	​
104	​	Cover Page Interactive Data File (embedded within the Inline XBRL document)
​	​	​

* Furnished, not filed

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

WESTROCK COFFEE COMPANY
By:	/s/ Robert P. McKinney		​
	Name:	Robert P. McKinney
	Title:	Chief Legal Officer and Corporate Secretary

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Dated: May 7, 2026

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Exhibit 99.1

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Westrock Coffee Company Reports First Quarter 2026 Results

and Reaffirms 2026 Outlook

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Little Rock, Ark., May 7, 2026 (GLOBE NEWSWIRE) – Westrock Coffee Company (Nasdaq: WEST) (“Westrock Coffee” or the “Company”) today reported financial results for the first quarter ended March 31, 2026.

First Quarter Highlights¹

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● Consolidated Results

o Net sales were $308.8 million, an increase of 44.4%

o Gross profit was $45.8 million, an increase of 57.4%

o Net loss was $8.5 million, compared to a net loss of $27.2 million in the prior year period

o Consolidated Adjusted EBITDA² was $26.0 million, more than tripling the Consolidated Adjusted EBITDA of $8.2 million in the prior year period, as all five production lines at the Conway, Arkansas extract and ready-to-drink facility have been fully commercialized

o Capital expenditures of $7.1 million, down from $41.3 million in the first quarter of 2025, reflecting a structural shift in the Company’s capital intensity

● Segment Results

o Beverage Solutions

◾ Net sales were $239.3 million, an increase of 45.9%

◾ Segment Adjusted EBITDA³ was $23.3 million, an increase of 142.9%

o Sustainable Sourcing & Traceability

◾ Net sales were $69.5 million, an increase of 39.8%

◾ Segment Adjusted EBITDA³ was $6.5 million compared to $1.9 million for the prior year period

Commenting on our results, Scott T. Ford, CEO and Co-founder stated, "I am pleased to report that our first quarter delivered strong results across every dimension of our business, and that this is the fourth consecutive quarter of year-over-year Consolidated Adjusted EBITDA growth. However, the real story of the quarter is that the platform we spent three years building is now attracting the demand we envisioned, with brands coming to us not for a single SKU, but for the full spectrum of beverage partnerships across all categories.”

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Financial Outlook

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The Company is reaffirming its 2026 guidance for Consolidated Adjusted EBITDA of $90.0 million to $100.0 million, which was provided in its earnings release dated March 10, 2026.

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¹ Unless otherwise indicated, all comparisons are to the prior year period.

² Consolidated Adjusted EBITDA is a non-GAAP financial measure. The definition of Consolidated Adjusted EBITDA is included under the section titled “Non-GAAP Financial Measures” and a reconciliation of Consolidated Adjusted EBITDA to the most directly comparable GAAP measure is provided in the tables that accompany this release.

³ Segment Adjusted EBITDA is a segment performance measure, which is required by U.S. GAAP to be disclosed in accordance with FASB Accounting Standards Codification 280, Segment Reporting. Segment Adjusted EBITDA is defined consistently with Consolidated Adjusted EBITDA, except that it excludes scale-up costs related to our Conway Facility.

Conference Call Details

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Westrock Coffee will host a conference call and webcast at 4:30 p.m. ET today to discuss this release. To participate in the live earnings call and question and answer session, please register HERE and dial-in information will be provided directly to you. The live audio webcast will be accessible in the “Events and Presentations” section of the Company’s Investor Relations website at https://investors.westrockcoffee.com. An archived replay of the webcast will be available shortly after the live event has concluded and will be available for a minimum of 14 days.

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About Westrock Coffee

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Westrock Coffee is an integrated beverage solutions platform serving the world's largest brands across packaged coffee, tea, ready-to-drink coffee, energy, and functional beverage categories. With our global manufacturing and sourcing footprint, the Company formulates, manufactures, and packages beverages in cans, glass, multi-serve bottles, single-serve capsules, bulk extract, and concentrates, backed by a digitally traceable supply chain. With operations spanning 10 countries, Westrock partners with brands across retail, foodservice, convenience, CPG, and hospitality to bring beverage programs to market at scale.

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Forward-Looking Statements

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Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended from time to time. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, our 2026 financial outlook, the plans, objectives, expectations, and intentions of Westrock Coffee, and other statements that are not historical facts. These statements are based on information available to Westrock Coffee as of the date hereof and Westrock Coffee is not under any duty to update any of the forward-looking statements after the date of this communication to conform these statements to actual results. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of the management of Westrock Coffee as of the date hereof and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and should not be relied on by an investor, or others, as a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Westrock Coffee. These forward-looking statements are subject to a number of risks and uncertainties, including, but not limited to, changes in domestic and foreign business, market, financial, political, and legal conditions; our inability to secure an adequate supply of key raw materials, including green coffee and tea, or a disruption in our supply chain, including from tariffs or trade restrictions or global conflicts (including the ongoing conflicts in Europe, the Middle East and Latin America); risks relating to the uncertainty of the projected financial information with respect to Westrock Coffee; risks related to the rollout of Westrock Coffee's business and the timing of expected business milestones; our inability to successfully commercialize customers at our Conway, Arkansas facility, and generate positive operating cash flows within the anticipated time frame; the effects of competition and industry consolidation on Westrock Coffee's business; the ability of Westrock Coffee to issue equity or equity-linked securities or obtain, refinance or extend the maturities of debt financing in the future; Westrock Coffee’s future level of indebtedness, which may reduce funds available for other business purposes and reduce the Company’s operational flexibility; Westrock Coffee’s inability to comply with the financial covenants in our credit agreement; the risk that Westrock Coffee fails to attract, motivate or retain qualified personnel; the risk that Westrock Coffee fails to fully realize the potential benefits of acquisitions or joint ventures or has difficulty successfully integrating acquired companies; the loss of significant customers or delays in bringing their products to market; litigation or legal disputes, which could lead us to incur significant liabilities and costs or harm our reputation; the risk of incurring additional costs if Westrock Coffee no longer qualifies as an emerging growth company (as defined in the JOBS Act); and those factors discussed in Westrock Coffee’s Annual Report on Form 10-K, which was filed with the United States Securities and Exchange Commission (the “SEC”) on March 10, 2026, in Part I, Item 1A “Risk Factors” and other documents Westrock Coffee has filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Westrock Coffee does not presently know, or that Westrock Coffee currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, the forward-looking statements

reflect Westrock Coffee's expectations, plans, or forecasts of future events and views as of the date of this communication. Westrock Coffee anticipates that subsequent events and developments will cause Westrock Coffee's assessments to change. However, while Westrock Coffee may elect to update these forward-looking statements at some point in the future, Westrock Coffee specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as a representation of Westrock Coffee's assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.

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Contacts

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Media:

PR@westrockcoffee.com

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Investor Contact:

IR@westrockcoffee.com

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Westrock Coffee Company

Condensed Consolidated Balance Sheets

(Unaudited)

​	​	​	​	​	​	​
(Thousands, except par value)	​ ​ ​	March 31, 2026		​ ​ ​	December 31, 2025
ASSETS	​	​	​	​	​	​
Cash and cash equivalents	​	$	28,110	​	$	49,875
Restricted cash	​	​	13,931	​	​	21,164
Accounts receivable, net of allowance for credit losses of $3,181 and $2,750, respectively	​	​	83,174	​	​	94,099
Inventories	​	​	180,797	​	​	199,802
Derivative assets	​	​	23,506	​	​	15,049
Prepaid expenses and other current assets	​	​	14,498	​	​	16,370
Total current assets	​	​	344,016	​	​	396,359
​	​	​	​	​	​	​
Property, plant and equipment, net	​	​	472,486	​	​	483,606
Goodwill	​	​	116,111	​	​	116,111
Intangible assets, net	​	​	105,203	​	​	107,141
Operating lease right-of-use assets	​	​	62,675	​	​	60,310
Other long-term assets	​	​	15,310	​	​	12,451
Total Assets	​	$	1,115,801	​	$	1,175,978
​	​	​	​	​	​	​
LIABILITIES, CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS' EQUITY (DEFICIT)	​	​	​	​	​	​
Current maturities of long-term debt	​	$	20,688	​	$	19,281
Short-term debt	​	​	60,380	​	​	82,640
Accounts payable	​	​	85,245	​	​	91,175
Supply chain finance program	​	​	99,769	​	​	96,594
Derivative liabilities	​	​	14,935	​	​	28,600
Accrued expenses and other current liabilities	​	​	72,915	​	​	95,340
Total current liabilities	​	​	353,932	​	​	413,630
​	​	​	​	​	​	​
Long-term debt, net	​	​	375,414	​	​	360,703
Convertible notes payable - related party, net	​	​	60,877	​	​	60,839
Deferred income taxes	​	​	10,988	​	​	10,160
Operating lease liabilities	​	​	60,537	​	​	58,146
Other long-term liabilities	​	​	865	​	​	865
Total liabilities	​	​	862,613	​	​	904,343
​	​	​	​	​	​	​
Commitments and contingencies	​	​	​	​	​	​
​	​	​	​	​	​	​
Series A Convertible Preferred Shares, $0.01 par value, 24,000 shares authorized, 23,511 shares and 23,511 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively, $11.50 liquidation value	​	​	273,417	​	​	273,503
​	​	​	​	​	​	​
Shareholders' Equity (Deficit)	​	​	​	​	​	​
Preferred stock, $0.01 par value, 26,000 shares authorized, no shares issued and outstanding	​	​	—	​	​	—
Common stock, $0.01 par value, 300,000 shares authorized, 97,541 shares and 96,866 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively	​	​	976	​	​	969
Additional paid-in-capital	​	​	545,438	​	​	544,567
Accumulated deficit	​	​	(542,903)	​	​	(534,370)
Accumulated other comprehensive income (loss)	​	​	(23,740)	​	​	(13,034)
Total shareholders' equity (deficit)	​	​	(20,229)	​	​	(1,868)
​	​	​	​	​	​	​
Total Liabilities, Convertible Preferred Shares and Shareholders' Equity (Deficit)	​	$	1,115,801	​	$	1,175,978

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Westrock Coffee Company

Condensed Consolidated Statements of Operations

(Unaudited)

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​	​	​	​	​	​	​
​	​	Three Months Ended March 31,
(Thousands, except per share data)	​ ​ ​	2026		​ ​ ​	2025
Net sales	​	$	308,825	​	$	213,796
Costs of sales	​	​	263,057	​	​	184,723
Gross profit	​	​	45,768	​	​	29,073
​	​	​	​	​	​	​
Selling, general and administrative expense	​	​	37,846	​	​	40,344
Transaction, restructuring and integration expense	​	​	3,668	​	​	1,791
Loss on disposal of property, plant and equipment	​	​	1,096	​	​	7
Total operating expenses	​	​	42,610	​	​	42,142
Income (loss) from operations	​	​	3,158	​	​	(13,069)
​	​	​	​	​	​	​
Other (income) expense	​	​	​	​	​	​
Interest expense	​	​	13,527	​	​	12,599
Other, net	​	​	(489)	​	​	(278)
Loss before income taxes and equity in earnings from unconsolidated entities	​	​	(9,880)	​	​	(25,390)
Income tax expense (benefit)	​	​	1,964	​	​	1,828
Equity in (earnings) loss from unconsolidated entities	​	​	(3,311)	​	​	—
Net loss	​	$	(8,533)	​	$	(27,218)
Amortization (accretion) of Series A Convertible Preferred Shares	​	​	86	​	​	86
Net loss attributable to common shareholders	​	$	(8,447)	​	$	(27,132)
​	​	​	​	​	​	​
(Loss) earnings per common share:	​	​	​	​	​	​
Basic	​	$	(0.09)	​	$	(0.29)
Diluted	​	$	(0.09)	​	$	(0.29)
​	​	​	​	​	​	​
Weighted-average number of shares outstanding:	​	​	​	​	​	​
Basic	​	​	97,013	​	​	94,298
Diluted	​	​	97,013	​	​	94,298

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Westrock Coffee Company

Condensed Consolidated Statements of Cash Flows

(Unaudited)

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​	​	​	​	​	​	​
​	​	Three Months Ended March 31,
(Thousands)	​ ​ ​	2026		​ ​ ​	2025
Cash flows from operating activities:	​	​	​	​	​	​
Net loss	​	$	(8,533)	​	$	(27,218)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:	​	​	​	​	​	​
Depreciation and amortization	​	​	16,564	​	​	11,755
Equity-based compensation	​	​	1,731	​	​	3,331
Provision for credit losses	​	​	507	​	​	(166)
Amortization of deferred financing fees included in interest expense	​	​	1,316	​	​	893
Write-off of unamortized deferred financing fees	​	​	—	​	​	137
Loss on disposal of property, plant and equipment	​	​	1,096	​	​	7
Mark-to-market adjustments	​	​	(5,082)	​	​	(2,073)
Foreign currency transactions	​	​	—	​	​	(141)
Deferred income tax expense (benefit)	​	​	918	​	​	1,828
Equity in (earnings) loss from unconsolidated entities	​	​	(3,311)	​	​	—
Other	​	​	312	​	​	449
Change in operating assets and liabilities:	​	​	​	​	​	​
Accounts receivable	​	​	6,146	​	​	14,553
Inventories	​	​	18,301	​	​	(27,329)
Derivative assets and liabilities	​	​	(27,149)	​	​	(3,589)
Prepaid expense and other assets	​	​	3,704	​	​	1,567
Accounts payable	​	​	(8,046)	​	​	899
Accrued liabilities and other	​	​	(10,237)	​	​	2,976
Net cash used in operating activities	​	​	(11,763)	​	​	(22,121)
Cash flows from investing activities:	​	​	​	​	​	​
Additions to property, plant and equipment	​	​	(7,099)	​	​	(41,291)
Additions to intangible assets	​	​	(23)	​	​	(20)
Proceeds from sale of equity method investments and non-marketable securities	​	​	—	​	​	500
Proceeds from sale of property, plant and equipment	​	​	233	​	​	26
Proceeds from deferred purchase price of sold trade receivables	​	​	4,273	​	​	—
Net cash used in investing activities	​	​	(2,616)	​	​	(40,785)
Cash flows from financing activities:	​	​	​	​	​	​
Payments on debt	​	​	(39,701)	​	​	(34,064)
Proceeds from debt	​	​	33,220	​	​	80,073
Payments on supply chain financing program	​	​	(49,697)	​	​	(32,844)
Proceeds from supply chain financing program	​	​	52,872	​	​	49,369
Payment of debt issuance costs	​	​	(973)	​	​	(2,176)
Net proceeds from (repayments of) repurchase agreements	​	​	(4,733)	​	​	13,473
Net change in unremitted cash collections from servicing factored receivables	​	​	(4,665)	​	​	—
Payment for taxes for net share settlement of equity awards	​	​	(939)	​	​	(1,549)
Net cash (used in) provided by financing activities	​	​	(14,616)	​	​	72,282
Effect of exchange rate changes on cash	​	​	(3)	​	​	(52)
Net increase (decrease) in cash and cash equivalents and restricted cash	​	​	(28,998)	​	​	9,324
Cash and cash equivalents and restricted cash at beginning of period	​	​	71,039	​	​	35,564
Cash and cash equivalents and restricted cash at end of period	​	$	42,041	​	$	44,888

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The total cash and cash equivalents and restricted cash at March 31, 2026 and 2025 is as follows:

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​	​	​	​	​	​	​
(Thousands)	​ ​ ​	March 31, 2026		​ ​ ​	March 31, 2025
Cash and cash equivalents	​	$	28,110	​	$	35,904
Restricted cash	​	​	13,931	​	​	8,984
Total	​	$	42,041	​	$	44,888

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Westrock Coffee Company

Summary of Segment Results

(Unaudited)

​	​	​	​	​	​	​
​	​	Three Months Ended March 31,
(Thousands)	​ ​ ​	2026		​ ​ ​	2025
Beverage Solutions		​	​		​	​
Net sales	​	$	239,322	​	$	164,079
Segment Adjusted EBITDA1	​		23,274	​		9,583
​	​	​	​	​	​	​
Sustainable Sourcing & Traceability		​	​		​	​
Net sales2	​	$	69,503	​	$	49,717
Segment Adjusted EBITDA1	​		6,460	​		1,928

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1 - Segment Adjusted EBITDA is a segment performance measure, which is required by U.S. GAAP to be disclosed in accordance with FASB Accounting Standards Codification 280, Segment Reporting. Segment Adjusted EBITDA is defined consistently with Consolidated Adjusted EBITDA, except that it excludes scale-up costs related to our Conway Facility. Refer to the Notes to Condensed Consolidated Financial Statements included in our Quarterly Report on Form 10-Q for additional information regarding our segments and a reconciliation of Segment Adjusted EBITDA to loss before income taxes and equity in earnings from unconsolidated entities.

2 - Net of intersegment revenues.

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Westrock Coffee Company

Calculation of Beverage Solutions Credit Agreement Secured Net Leverage Ratio

(Unaudited)

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(Thousands, except leverage ratio)	​ ​ ​	​ ​ ​	Trailing Twelve-Months
Beverage Solutions Segment Adjusted EBITDA	​	​	$	82,172
Permissible credit agreement adjustments(1)	​	​	​	12,527
Trailing Twelve-Months Credit Agreement Adjusted EBITDA	​	​	$	94,699
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End of period:	​	​	​	​
Term loan facility	​	​	$	142,188
Delayed draw term loan facility	​	​	​	44,375
Revolving credit facility	​	​	​	165,000
Letters of credit outstanding	​	​	​	1,980
Secured debt	​	​	​	353,543
Beverage Solutions unrestricted cash and cash equivalents	​	​	​	(26,771)
Secured net debt	​	​	$	326,772
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Beverage Solutions Credit Agreement secured net leverage ratio	​	​	​	3.45x

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1 – Consists primarily of pro forma run-rate impact of cost savings initiatives, as permitted by the Credit Agreement.

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The Company is required to maintain compliance with, among other things, a secured net leverage ratio under the terms of its credit agreement (the “Credit Agreement”) among the Company, Westrock Beverage Solutions, LLC, as the borrower, Wells Fargo Bank, N.A., as administrative agent, collateral agent, and swingline lender, Wells Fargo Securities, LLC, as sustainability structuring agent, and each issuing bank and lender party thereto. The secured net leverage ratio is calculated as secured net debt divided by Adjusted EBITDA for the trailing twelve-month period, each as defined in the Credit Agreement, and is applicable only to our Beverage Solutions segment.

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Management believes that our secured net leverage ratio provides useful information to investors and other users of our financial data regarding the Company’s compliance with its material financial covenants. Failure to comply with the covenants in the Credit Agreement or make payments when due could result in an event of default, which, if not cured or waived, could accelerate our repayment obligations under the Credit Agreement and could result in a default and acceleration under other agreements containing cross-default provisions. Under these circumstances, we might not have sufficient funds or other resources to satisfy all of our obligations. As of the date of this press release, the Company is in compliance with its financial covenants.

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Westrock Coffee Company

Reconciliation of Net (Loss) Income to Non-GAAP Consolidated Adjusted EBITDA

(Unaudited)

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​	​	​	​	​	​	​
​	​	Three Months Ended
​	​	March 31,
(Thousands)	​ ​ ​	2026		​ ​ ​	2025
Net loss	​	$	(8,533)	​	$	(27,218)
Interest expense	​		13,527	​		12,599
Income tax expense (benefit)	​		1,964	​		1,828
Depreciation and amortization	​		16,564	​		11,755
EBITDA	​		23,522	​		(1,036)
Transaction, restructuring and integration expense	​		3,668	​		1,791
Equity-based compensation	​		1,731	​		3,331
Conway extract and ready-to-drink facility pre-production costs	​	​	278	​	​	4,449
Mark-to-market adjustments	​		(5,082)	​		(2,073)
Loss on disposal of property, plant and equipment	​		1,096	​		7
Other	​		755	​		1,755
Consolidated Adjusted EBITDA	​	$	25,968	​	$	8,224

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Non-GAAP Financial Measures

We refer to EBITDA and Consolidated Adjusted EBITDA in our analysis of our results of operations, which are not required by, or presented in accordance with, accounting principles generally accepted in the United States (“GAAP”). While we believe that net (loss) income, as defined by GAAP, is the most appropriate earnings measure, we also believe that EBITDA and Consolidated Adjusted EBITDA are important non-GAAP supplemental measures of operating performance as they contribute to a meaningful evaluation of the Company’s future operating performance and comparisons to the Company’s past operating performance. The Company believes that providing these non-GAAP financial measures helps investors evaluate the Company’s operating performance, profitability and business trends in a way that is consistent with how management evaluates such performance.

We define “EBITDA” as net (loss) income, as defined by GAAP, before interest expense, provision for income taxes and depreciation and amortization. We define “Consolidated Adjusted EBITDA” as EBITDA before equity-based compensation expense and the impact, which may be recurring in nature, of transaction, restructuring and integration related costs, impairment charges, changes in the fair value of warrant liabilities, non-cash mark-to-market adjustments, certain non-capitalizable costs necessary to place the Conway facility into commercial production, the write off of unamortized deferred financing costs, costs incurred as a result of the early repayment of debt, gains or losses on dispositions, and other similar or infrequent items (although we may not have had such charges in the periods presented). We believe EBITDA and Consolidated Adjusted EBITDA are important supplemental measures to net (loss) income because they provide additional information to evaluate our operating performance on an unleveraged basis.

Since EBITDA and Consolidated Adjusted EBITDA are not measures calculated in accordance with GAAP, they should be viewed in addition to, and not be considered as alternatives for, net (loss) income determined in accordance with GAAP. Further, our computations of EBITDA and Consolidated Adjusted EBITDA may not be comparable to that reported by other companies that define EBITDA and Consolidated Adjusted EBITDA differently than we do.

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EX-99.1 345.8 KB

Other Documents

• EX-101 EX-101.SCH 3.4 KB
• EX-101 EX-101.DEF 2.8 KB
• EX-101 EX-101.LAB 17.5 KB
• EX-101 EX-101.PRE 11.5 KB