Westrock Coffee Company Reports Third Quarter 2026 Results
Westrock Coffee reported Q3 2026 net sales of $300.2 million, down 15.4%, but the decline was driven by $26.1 million of tariff refund pass-throughs and lower green coffee prices, with gross profit essentially flat at $41.5 million. Consolidated Adjusted EBITDA rose 14% to a record $26.4 million — the sixth straight quarter of YoY growth — and the net loss narrowed to $10.0 million from $19.1 million a year ago. The company closed an upsized $600 million refinancing led by Rabobank, repurchased $40.0 million of its 5% 2029 convertible notes for just $20.7 million in cash plus ~2.4 million shares, and extended the remaining $32.0 million to January 2032.
Key figures
- Revenue
- 300200000
- Guidance
- Reaffirmed 2026 Consolidated Adjusted EBITDA of $90.0M-$100.0M; preliminary 2027 Consolidated Adjusted EBITDA of approximately $130.0M
- Revenue Yoy
- -15.4%
- Capex q3
- 8800000
- Net loss
- 9976000
- Gross profit
- 41481000
- Adjusted ebitda
- 26411000
- Adjusted ebitda yoy
- 14.0%
- Prior year net loss
- 19103000
- Credit facility total
- 600000000
- Shares issued for notes
- 2400000
- Secured net leverage ratio
- 3.07x
- Tariff refund pass through
- 26100000
- Remaining convertible notes
- 32000000
- Convertible notes repurchased
- 40000000
- Beverage solutions segment ebitda
- 23257000
- Convertible notes repurchase price
- 20700000
- Sustainable sourcing segment ebitda
- 3154000
AI analysis
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