Westrock Coffee reported third quarter 2026 net sales of $300.2 million and a net loss of $10.0 million, missing analyst estimates for both the top and bottom lines. Despite these misses, the company delivered a record Consolidated Adjusted EBITDA, marking its sixth consecutive quarter of year-over-year growth and prompting management to reaffirm its full-year 2026 outlook.
Key Highlights
- Consolidated Adjusted EBITDA rose 14% year-over-year to a record $26.4 million, driven by a 13.9% increase in Beverage Solutions segment profitability.
- Net sales decreased 15.4% to $300.2 million, impacted by $26.1 million in expected tariff refunds passed to customers and the pass-through of lower average green coffee prices.
- The company reaffirmed its FY2026 Adjusted EBITDA guidance of $90 million to $100 million and introduced a preliminary 2027 outlook of approximately $130 million.
- Capital expenditures fell to $8.8 million from $18.1 million in the prior year, reflecting a structural shift toward lower capital intensity as major projects at the Conway facility mature.
- Westrock strengthened its balance sheet by closing an upsized $600 million credit facility and repurchasing $40 million of its 2029 convertible notes.