Westrock Coffee Company

Hello and welcome to Westrock Coffee Company's first quarter 2026 earnings conference call. My name is Rory. I'll be coordinating your call today. Following prepared remarks, we will open up the call to your questions with instructions to be given at that time. I'll now hand the call over to Juwan Arnold with Westrock Coffee.

Thank you and welcome to Westrock Coffee Company's first quarter 2026 earnings conference call. Today's call is being recorded. With us are Mr. Scott Ford, co-founder and chief executive officer, and Mr. Chris Pledger, chief financial officer. By now, everyone should have access to the company's first quarter earnings release issued earlier today. This information is available on 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 Private Securities 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 filings with the SEC for a more detailed discussion of the risk factors that could cause actual results to differ materially from those expressed or implied in any forward-looking statements made today. Also, 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 is my pleasure to turn the call over to Scott Ford, our co-founder and chief executive officer.

Thank you, Juwan. Good afternoon, everyone. Thanks for joining us. I am pleased to report that our first quarter of 26 delivered strong results across every dimension of our business, marking our fourth consecutive quarter of year-over-year consolidated adjusted EBITDA growth and what I believe is the most important inflection point in West Rock Coffee's history. For the first time, we are reporting results as a fully operational integrated beverage platform. with construction behind us, all lines running, and the full enterprise now generating operating income. On the numbers, Q1 consolidated adjusted EBITDA was $26 million, more than tripling year over year. Net sales were $308.8 million, up 44 percent. We went from a $13 million operating loss in Q1 of last year to a $3.2 million operating profit this quarter. And our secured net leverage ratio improved to 3.45 times, down 40 basis points from year end. Chris will take you through the details, but the trajectory speaks for itself. The real story this quarter is what's happening commercially. The platform we spent three years building is now attracting exactly the kind of demand we envisioned. Brands coming to us not for a single skew, but for a full-spectrum beverage partnership across multiple categories. At Conway, all five production lines are fully operational, cans, glass, multiserve bottles, and bulk extract. With capital expenditure projects now complete, Conway has swung to operating cash flow positive. As volumes continue to build through the balance of this year and next, We expect the facility to become an increasingly meaningful contributor to segment profitability. Commercially, we are continuing to make progress with current and new potential brand partners across the product portfolio, from tea and lemonade-based refreshers to coffee RTD beverages to packaged coffee to single-serve cups, with energy drinks, high-protein drinks, and seltzers in various stages of product development and commercialization. In single serve specifically, you'll recall the departure of a large customer in Q4 of 25 due to industry consolidation. That disruption is now fully behind us. We are seeing strong inbound interest from multiple customers, and we expect some of this volume to begin arriving in late 26 with full replacement targeted by the end of 27. On Palantir, our partnership continues to deepen, and I am convinced this relationship remains underappreciated by the market. Their foundry operating system is empowering completely new ways of work. From improving efficiencies in our manufacturing, logistics, planning, procurement, to the automation of workflows throughout the company, We continue to believe that the upside to this body of work is well beyond anything approaching historical normality from traditional system upgrade efforts. We are reaffirming our 26 consolidated adjusted EBITDA outlook of $90 to $100 million. Q1's 2026 beat plan and posted strong year-over-year growth. The pipeline is the healthiest by far that it's ever been, and momentum is building. To close, the prior three years were about building the platform. This year is about leveraging it. We're generating operating income. We're deleveraging our balance sheet. Conway is contributing, and we have a deep pipeline of customers who want to produce with us across an expanding array of categories. This is the business model working. I want to thank our entire team, from the plant floors in Concord, Conway, Collins, and Clark, to our sourcing offices around the world, to our systems and corporate teams. These results are theirs. I also want to thank our shareholders who had the vision to invest in what we were building and the conviction to hold their shares through three years of heavy investment to get here. We appreciate your patience, and we intend to keep rewarding it. We are one of the very few platforms in North America that can formulate, fill, and ship across cans, glass, bottles, and single-serve formats from a single, integrated footprint. And brand owners are increasingly coming to us precisely because of that. With that, I'll turn it over to Chris Pledger, our CFO, for the financial details. Chris?