Westrock Coffee Co

For the period ended Jun 30, 2026. Filed Aug 6, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Aug 6, 2026

WEST$8.79-2.2%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

17. Segment Information

Note 17. Segment Information

Ourtwo operating segments, Beverage Solutions and SS&T, are evaluated using Segment Adjusted EBITDA, which is a segment performance measure. We define Segment Adjusted EBITDA as net (loss) income determined in accordance with GAAP, before interest expense, provision for income taxes, depreciation and amortization, equity-based compensation expense and the impact, which may be recurring in nature, of transaction, restructuring and integrations costs, impairment charges, changes in fair value of warrant liabilities, non-cash mark-to-market adjustments, certain non-capitalizable costs necessary to place the Conway Facility into commercial production, certain recurring operating costs related to the scale-up of operations of the Conway Facility, 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).

The Company’s Chief Executive Officer, it’s chief operating decision maker (“CODM”), reviews Segment Adjusted EBITDA for the purpose of making operating decisions, assessing financial performance, and deciding how to allocate resources. Segment Adjusted EBITDA is used by the CODM to review operating trends and to monitor budget-to-actual variances in order to make key operating decisions.

Selected financial data, including a reconciliation of total reportable segments’ Segment Adjusted EBITDA to loss before income taxes and equity in earnings from unconsolidated entities, is presented below for the periods indicated:


· · Three Months Ended June 30, 2026
· · · · · Sustainable · ·
· · Beverage · · Sourcing & · ·
(Thousands) · · Solutions · · Traceability · · Total
Net sales(1)	$243,870	$61,788	$305,658

Segment Adjusted EBITDA	22,167	1,959	24,126
Less:
Interest expense			12,990
Depreciation and amortization			17,104
Transaction, restructuring and integration expense			3,168
Equity-based compensation			1,565
Conway extract and ready-to-drink facility pre-production costs			49
Conway extract and ready-to-drink facility scale up operating costs			2,829
Mark-to-market adjustments			565
(Gain) loss on disposal of property, plant and equipment			(43)
Other			122
Loss before income taxes and equity in earnings from unconsolidated entities			$(14,223)

Total assets	955,955	129,893	1,085,848

(1)	Excludes $0.4 million of intersegment revenues that represent sales of green coffee from our SS&T segment to our Beverage Solutions segment.


· · Three Months Ended June 30, 2025
· · · · · Sustainable · ·
· · Beverage · · Sourcing & · ·
(Thousands) · · Solutions · · Traceability · · Total
Net sales(1)	$208,814	$72,045	$280,859

Segment Adjusted EBITDA	19,670	3,315	22,985
Less:
Interest expense			13,119
Depreciation and amortization			15,016
Transaction, restructuring and integration expense			2,477
Equity-based compensation			4,750
Conway extract and ready-to-drink facility pre-production costs			9,072
Conway extract and ready-to-drink facility scale up operating costs			7,647
Mark-to-market adjustments			(1,441)
(Gain) loss on disposal of property, plant and equipment			—
Other			(2,215)
Loss before income taxes and equity in earnings from unconsolidated entities			$(25,440)

Total assets	1,027,048	130,429	1,157,477

(1)	Excludes $2.6 million of intersegment revenues that represent sales of green coffee from our SS&T segment to our Beverage Solutions segment.


· · Six Months Ended June 30, 2026
· · · · · Sustainable · ·
· · Beverage · · Sourcing & · ·
(Thousands) · · Solutions · · Traceability · · Total
Net sales(1)	$483,192	$131,291	$614,483

Segment Adjusted EBITDA	45,441	8,419	53,860
Less:
Interest expense			26,517
Depreciation and amortization			33,668
Transaction, restructuring and integration expense			6,836
Equity-based compensation			3,296
Conway extract and ready-to-drink facility pre-production costs			327
Conway extract and ready-to-drink facility scale up operating costs			6,595
Mark-to-market adjustments			(4,517)
(Gain) loss on disposal of property, plant and equipment			1,053
Other			4,188
Loss before income taxes and equity in earnings from unconsolidated entities			$(24,103)

Total assets	955,955	129,893	1,085,848

(1)	Excludes $0.5 million of intersegment revenues that represent sales of green coffee from our SS&T segment to our Beverage Solutions segment.


· · Six Months Ended June 30, 2025
· · · · · Sustainable · ·
· · Beverage · · Sourcing & · ·
(Thousands) · · Solutions · · Traceability · · Total
Net sales(1)	$372,893	$121,762	$494,655

Segment Adjusted EBITDA	29,253	5,243	34,496
Less:
Interest expense			25,718
Depreciation and amortization			26,771
Transaction, restructuring and integration expense			4,268
Equity-based compensation			8,080
Conway extract and ready-to-drink facility pre-production costs			13,520
Conway extract and ready-to-drink facility scale up operating costs			10,935
Mark-to-market adjustments			(3,514)
(Gain) loss on disposal of property, plant and equipment			7
Other			(459)
Loss before income taxes and equity in earnings from unconsolidated entities			$(50,830)

Total assets	1,027,048	130,429	1,157,477

(1)	Excludes $6.5 million of intersegment revenues that represent sales of green coffee from our SS&T segment to our Beverage Solutions segment.

Significant segment expense for our reportable segments is presented below for the periods indicated:


· · · Three Months Ended June 30, 2026
· · · · · Sustainable
· · Beverage · · Sourcing &
(Thousands) · · Solutions · · Traceability
Net Sales	$243,870	$61,788
Less:
Costs of sales	196,263	56,511
Employee related(1)	13,248	2,151
Information technology	1,747	n/a
Advertising & marketing	601	n/a
Professional fees	2,719	n/a
Corporate insurance	1,650	n/a
Freight	2,633	n/a
Other segment expense(2)	2,842	1,167
Segment Adjusted EBITDA	$22,167	$1,959

(1)	Employee related costs are costs reported within selling, general and administrative expense in our Condensed Consolidated Statements of Operations, and include employee salaries, related taxes and benefits, short-term cash incentive compensation and travel and entertainment expenses.

(2)	Other segment expense includes equipment and real estate rent, equipment parts, supplies and service expenses and other overhead expenses.


· · · Three Months Ended June 30, 2025
· · · · · Sustainable
· · Beverage · · Sourcing &
(Thousands) · · Solutions · · Traceability
Net Sales	$208,814	$72,045
Less:
Costs of sales	163,565	66,378
Employee related(1)	14,082	1,909
Information technology	1,675	n/a
Advertising & marketing	737	n/a
Professional fees	2,429	n/a
Corporate insurance	1,338	n/a
Freight	2,992	n/a
Other segment expense(2)	2,326	443
Segment Adjusted EBITDA	$19,670	$3,315

(1)	Employee related costs are costs reported within selling, general and administrative expense in our Condensed Consolidated Statements of Operations, and include employee salaries, related taxes and benefits, short-term cash incentive compensation and travel and entertainment expenses.

(2)	Other segment expense includes equipment and real estate rent, equipment parts, supplies and service expenses and other overhead expenses.


· · · Six Months Ended June 30, 2026
· · · · · Sustainable
· · Beverage · · Sourcing &
(Thousands) · · Solutions · · Traceability
Net Sales	$483,192	$131,291
Less:
Costs of sales	386,659	120,292
Employee related(1)	27,901	4,305
Information technology	3,518	n/a
Advertising & marketing	1,087	n/a
Professional fees	5,095	n/a
Corporate insurance	3,278	n/a
Freight	5,052	n/a
Other segment expense(2)	5,161	(1,725)
Segment Adjusted EBITDA	$45,441	$8,419

(1)	Employee related costs are costs reported within selling, general and administrative expense in our Condensed Consolidated Statements of Operations, and include employee salaries, related taxes and benefits, short-term cash incentive compensation and travel and entertainment expenses.

(2)	Other segment expense includes equipment and real estate rent, equipment parts, supplies and service expenses and other overhead expenses.


· · · Six Months Ended June 30, 2025
· · · · · Sustainable
· · Beverage · · Sourcing &
(Thousands) · · Solutions · · Traceability
Net Sales	$372,893	$121,762
Less:
Costs of sales	295,005	111,804
Employee related(1)	25,888	3,698
Information technology	3,710	n/a
Advertising & marketing	1,453	n/a
Professional fees	4,522	n/a
Corporate insurance	2,933	n/a
Freight	6,000	n/a
Other segment expense(2)	4,129	1,017
Segment Adjusted EBITDA	$29,253	$5,243

(1)	Employee related costs are costs reported within selling, general and administrative expense in our Condensed Consolidated Statements of Operations, and include employee salaries, related taxes and benefits, short-term cash incentive compensation and travel and entertainment expenses.

(2)	Other segment expense includes equipment and real estate rent, equipment parts, supplies and service expenses and other overhead expenses.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.