Segment Information (Tables)

6 Months Ended

Jun. 30, 2026

Segment Information

Summary of selected financial data related to our segments


		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.

Summary of net sales information by geographic area


			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.