Westrock Coffee | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 308.83 M

Revenue: As of FY2026 Q1, the actual value is USD 308.83 M, beating the estimate of USD 285.13 M.

EPS: As of FY2026 Q1, the actual value is USD -0.09, beating the estimate of USD -0.155.

EBIT: As of FY2026 Q1, the actual value is USD 6.958 M.

First Quarter 2026 Financial Highlights

Consolidated Results

• Net Sales: Westrock Coffee Company reported net sales of $308.8 million for the first quarter ended March 31, 2026, representing an increase of 44.4% compared to $213.796 million in the prior year period.
• Gross Profit: Gross profit was $45.8 million, an increase of 57.4% from $29.073 million in the prior year period.
• Net Loss: The net loss for the quarter was - $8.5 million, an improvement from a net loss of - $27.2 million in the prior year period.
• Consolidated Adjusted EBITDA: Consolidated Adjusted EBITDA reached $26.0 million, more than tripling the $8.2 million reported in the prior year period, with all five production lines at the Conway, Arkansas extract and ready-to-drink facility fully commercialized.
• Capital Expenditures: Capital expenditures were $7.1 million, a decrease from $41.3 million in the first quarter of 2025, reflecting a structural shift in the Company’s capital intensity.
• Income (Loss) from Operations: The Company reported income from operations of $3,158 thousand for the first quarter of 2026, compared to a loss from operations of - $13,069 thousand in the same period of 2025.

Segment Results

• Beverage Solutions:
  • Net sales were $239.3 million, marking an increase of 45.9% compared to $164.079 million in the prior year period.
  • Segment Adjusted EBITDA was $23.3 million, an increase of 142.9% compared to $9.583 million in the prior year period.
• Sustainable Sourcing & Traceability:
  • Net sales were $69.5 million, an increase of 39.8% compared to $49.717 million in the prior year period.
  • Segment Adjusted EBITDA was $6.5 million, compared to $1.9 million for the prior year period.

Cash Flow

• Net Cash Used in Operating Activities: Net cash used in operating activities was - $11,763 thousand for the three months ended March 31, 2026, compared to - $22,121 thousand in the prior year period.
• Net Cash Used in Investing Activities: Net cash used in investing activities was - $2,616 thousand, significantly lower than - $40,785 thousand in the prior year period.
• Net Cash (Used in) Provided by Financing Activities: Net cash used in financing activities was - $14,616 thousand, compared to net cash provided by financing activities of $72,282 thousand in the prior year period.
• Total Cash and Cash Equivalents and Restricted Cash: Total cash and cash equivalents and restricted cash at the end of the period was $42,041 thousand, comprising $28,110 thousand in cash and cash equivalents and $13,931 thousand in restricted cash.

Other Key Financial Metrics

• Beverage Solutions Credit Agreement Secured Net Leverage Ratio: The Beverage Solutions segment’s secured net leverage ratio was 3.45x for the trailing twelve-month period.
• The Company is in compliance with its financial covenants under the Credit Agreement.

Outlook

Westrock Coffee Company is reaffirming its 2026 guidance for Consolidated Adjusted EBITDA to be between $90.0 million and $100.0 million. This guidance was initially provided in its earnings release dated March 10, 2026.