Westrock Coffee Company

quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1-1 on your telephone. You will then hear an automated message advising that your hand is raised. To withdraw your question, please press star 1-1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Robert Munger, Vice President of Investor Relations. Please go ahead.

Thank you, and welcome to Westrock Coffee Company's third quarter 20.5 earnings conference call. Today's call is being recorded. With this are Mr. Scott Ford, Co-Founder and Chief Executive Officer, and Mr. Chris Kledger, Chief Financial Officer. By now, you should have access to the company's third quarter earnings release issued earlier today. This information is available in the investor relations section of Westrock Coffee Company's website at investors.westrockcoffee.com. Certain comments made on this call include forward-looking statements which are subject to the safe harbor provisions of the Private Security Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and beliefs concerning future events and are subject to several risks and uncertainties that could cause actual results to differ materially from those described in these forward-looking statements. Please refer to today's press release and other SEC filings for a more detailed discussion of the risk factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements made today. All discussions during the call will use some non-GAAP financial measures as we describe business performance. The SEC filings, as well as the earnings press release, provide reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures. And with that, it's my pleasure to turn the call over to Scott Ford, our co-founder and chief executive officer.

Thank you, Robert. Good afternoon, everyone. Thanks for joining us. We're pleased to announce today that for the second quarter in a row, we produced record-breaking quarterly results, driven by continued new customer volume additions and cost management execution. We believe these results reflect the strength of our customer-centered model and the value to our customers of the strategic investments we have made in both the physical expansion of our facilities and the systems that allow us to manage them more effectively. We remain on track toward our goal of becoming the premier integrated strategic supplier to the preeminent coffee, tea, and energy beverage brands globally. And now, due to great customer interest, we're excited to be adding a new body of work focused on ultra-filtered milk-based high-protein products as well. We ended the third quarter with a combination of our beverage solutions and SS&T adjusted EBITDA of $26.2 million, up 14% over the second quarter and up 84% over the same quarter last year. These results bring the combined segment adjusted EBITDA of our first three quarters of 25 to 60.7 million, up 55% over the same periods in the prior year, leaving us on target within our original full year guidance range for the year 2025. The growing volumes at both our new single serve cup and extract to RTD plants in Conway, Arkansas, combined with cost controls across our core business units, derived from process, data intelligence, and risk mitigation insights via our ongoing relationship with Palantir, continued once again this quarter to be the key drivers of this quarter's earnings beats. Importantly, on key packaging lines in Conway, we have already reached production levels nearing 80% of our original planned capacity, and we have added significant water and tank form capacity to the plant to enable future lines to be quickly added. We also completed the installation of our second can line, which should start commercial production in Q1 of next year. You may recall that last quarter we gave you some initial data on our second single-serve cup manufacturing facility located in the Conway complex, the startup of which went seamlessly. The cup volume produced through these new lines was a key contributor to our profitability this quarter. Chris will have an important word on this topic in just a few moments. We remain convinced that by becoming the lead innovation and development partner, dependable and sustainable sourcing resource and low-cost processing and packaging outsourcer for the world's leading beverage brands, we enable them to capitalize on their brand equity position in step with the movements of their consumers. Our record quarterly results demonstrate growth brought about from our delivery as this leading integrated platform in the category. Delivery that enhances the value of our services to our customers, contributes to the growth of the careers of our teammates, manifests as pricing fairness on the ground for smallholder farmers in the developing world and rewards our shareholders. These continue to be important things worthy of our greatest efforts. I believe that our customers and our competitors are keenly aware of the market share shifts that we are beginning to cause as these new plants scale operationally. We have been successful at winning our customers' trust because we have spent three years over $350 million in capital, and the time of 1,400 highly skilled development and manufacturing professionals to provide them a set of products and services that they can count on for quality, convenience, innovation, and price. That said, I also believe that historically high coffee prices and major tariffs on coffee imports, coupled with the two extra quarters it took us to reach scale production levels in our Conway plants, has given some investors pause. Therefore, I am thrilled to share with you today the news of a new $30 million infusion of capital into our business from our traditional core shareholder group, which coupled with the realignment of our debt covenants with our growth in Conway, clears the way for us to completely focus all of our resources on operational delivery and driving results for our customers and stockholders. My thanks to the entire Westrock team who steadfastly go the extra mile to ensure our customers are positioned to win in their markets daily, our board and core shareholders who are simply relentless in their support of our mission, and to our bank syndicate members led by Wells Fargo, Bank America, Rabobank, Truist, and others who have been the consummate, engaged, and encouraging professionals throughout the entire build-out and startup phases of what is now the largest and, I believe, best facility of its type anywhere in the world. I'm now going to turn the call over to Chris Pledger, our CFO, who will explain all of these developments and more in greater detail.