| Summary of selected financial data related to our segments |
| | | | | | | | | | | | Three Months Ended September 30, 2026 | | | | | | Sustainable | | | | | Beverage | | Sourcing & | | | (Thousands) | | Solutions | | Traceability | | Total | Net sales(1) | | $ | 220,119 | | $ | 80,081 | | $ | 300,200 | | | | | | | | | | | Segment Adjusted EBITDA | | | 23,257 | | | 3,154 | | | 26,411 | Less: | | | | | | | | | | Interest expense | | | | | | | | | 12,530 | Depreciation and amortization | | | | | | | | | 16,503 | Transaction, restructuring and integration expense | | | | | | | | | 3,790 | Equity-based compensation | | | | | | | | | 2,098 | Conway extract and ready-to-drink facility pre-production costs | | | | | | | | | — | Conway extract and ready-to-drink facility scale up operating costs | | | | | | | | | — | Mark-to-market adjustments | | | | | | | | | (152) | (Gain) loss on disposal of property, plant and equipment | | | | | | | | | 492 | Other | | | | | | | | | (34) | Loss before income taxes and equity in earnings from unconsolidated entities | | | | | | | | $ | (8,816) | | | | | | | | | | | Total assets | | | 970,725 | | | 136,813 | | | 1,107,538 |
| (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 September 30, 2025 | | | | | | Sustainable | | | | | Beverage | | Sourcing & | | | (Thousands) | | Solutions | | Traceability | | Total | Net sales(1) | | $ | 263,029 | | $ | 91,796 | | $ | 354,825 | | | | | | | | | | | Segment Adjusted EBITDA | | | 20,422 | | | 5,755 | | | 26,177 | Less: | | | | | | | | | | Interest expense | | | | | | | | | 14,023 | Depreciation and amortization | | | | | | | | | 13,898 | Transaction, restructuring and integration expense | | | | | | | | | 3,029 | Equity-based compensation | | | | | | | | | 3,629 | Conway extract and ready-to-drink facility pre-production costs | | | | | | | | | 5,246 | Conway extract and ready-to-drink facility scale up operating costs | | | | | | | | | 3,018 | Mark-to-market adjustments | | | | | | | | | 2,531 | (Gain) loss on disposal of property, plant and equipment | | | | | | | | | 8 | Other | | | | | | | | | 2,457 | Loss before income taxes and equity in earnings from unconsolidated entities | | | | | | | | $ | (21,662) | | | | | | | | | | | Total assets | | | 1,038,389 | | | 139,623 | | | 1,178,012 |
| (1) | Excludes $1.5 million of intersegment revenues that represent sales of green coffee from our SS&T segment to our Beverage Solutions segment. |
| | | | | | | | | | | | Nine Months Ended September 30, 2026 | | | | | | Sustainable | | | | | Beverage | | Sourcing & | | | (Thousands) | | Solutions | | Traceability | | Total | Net sales(1) | | $ | 703,310 | | $ | 211,373 | | $ | 914,683 | | | | | | | | | | | Segment Adjusted EBITDA | | | 68,698 | | | 11,573 | | | 80,271 | Less: | | | | | | | | | | Interest expense | | | | | | | | | 39,047 | Depreciation and amortization | | | | | | | | | 50,171 | Transaction, restructuring and integration expense | | | | | | | | | 10,626 | Equity-based compensation | | | | | | | | | 5,394 | 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 | | | | | | | | | (4,669) | (Gain) loss on disposal of property, plant and equipment | | | | | | | | | 1,545 | Other | | | | | | | | | 4,154 | Loss before income taxes and equity in earnings from unconsolidated entities | | | | | | | | $ | (32,919) | | | | | | | | | | | Total assets | | | 970,725 | | | 136,813 | | | 1,107,538 |
| (1) | Excludes $0.9 million of intersegment revenues that represent sales of green coffee from our SS&T segment to our Beverage Solutions segment. |
| | | | | | | | | | | | Nine Months Ended September 30, 2025 | | | | | | Sustainable | | | | | Beverage | | Sourcing & | | | (Thousands) | | Solutions | | Traceability | | Total | Net sales(1) | | $ | 635,922 | | $ | 213,558 | | $ | 849,480 | | | | | | | | | | | Segment Adjusted EBITDA | | | 49,675 | | | 10,998 | | | 60,673 | Less: | | | | | | | | | | Interest expense | | | | | | | | | 39,741 | Depreciation and amortization | | | | | | | | | 40,669 | Transaction, restructuring and integration expense | | | | | | | | | 7,297 | Equity-based compensation | | | | | | | | | 11,709 | Conway extract and ready-to-drink facility pre-production costs | | | | | | | | | 18,766 | Conway extract and ready-to-drink facility scale up operating costs | | | | | | | | | 13,953 | Mark-to-market adjustments | | | | | | | | | (983) | (Gain) loss on disposal of property, plant and equipment | | | | | | | | | 15 | Other | | | | | | | | | 1,998 | Loss before income taxes and equity in earnings from unconsolidated entities | | | | | | | | $ | (72,492) | | | | | | | | | | | Total assets | | | 1,038,389 | | | 139,623 | | | 1,178,012 |
| (1) | Excludes $7.9 million of intersegment revenues that represent sales of green coffee from our SS&T segment to our Beverage Solutions segment. |
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| Summary of net sales information by geographic area |
| | | | | | | | | | Three Months Ended September 30, 2026 | | | | | | Sustainable | | | Beverage | | Sourcing & | (Thousands) | | Solutions | | Traceability | Net Sales | | $ | 220,119 | | $ | 80,081 | Less: | | | | | | | Costs of sales | | | 170,749 | | | 73,893 | Employee related(1) | | | 13,158 | | | 2,169 | Information technology | | | 2,056 | | | n/a | Advertising & marketing | | | 513 | | | n/a | Professional fees | | | 2,973 | | | n/a | Corporate insurance | | | 1,613 | | | n/a | Freight | | | 2,708 | | | n/a | Other segment expense(2) | | | 3,092 | | | 865 | Segment Adjusted EBITDA | | $ | 23,257 | | $ | 3,154 |
| (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 September 30, 2025 | | | | | | Sustainable | | | Beverage | | Sourcing & | (Thousands) | | Solutions | | Traceability | Net Sales | | $ | 263,029 | | $ | 91,796 | Less: | | | | | | | Costs of sales | | | 214,306 | | | 85,079 | Employee related(1) | | | 16,438 | | | 1,956 | Information technology | | | 1,826 | | | n/a | Advertising & marketing | | | 424 | | | n/a | Professional fees | | | 2,587 | | | n/a | Corporate insurance | | | 1,929 | | | n/a | Freight | | | 3,071 | | | n/a | Other segment expense(2) | | | 2,026 | | | (994) | Segment Adjusted EBITDA | | $ | 20,422 | | $ | 5,755 |
(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. |
| | | | | | | | | | Nine Months Ended September 30, 2026 | | | | | | Sustainable | | | Beverage | | Sourcing & | (Thousands) | | Solutions | | Traceability | Net Sales | | $ | 703,310 | | $ | 211,373 | Less: | | | | | | | Costs of sales | | | 557,408 | | | 194,185 | Employee related(1) | | | 41,059 | | | 6,474 | Information technology | | | 5,574 | | | n/a | Advertising & marketing | | | 1,600 | | | n/a | Professional fees | | | 8,068 | | | n/a | Corporate insurance | | | 4,891 | | | n/a | Freight | | | 7,760 | | | n/a | Other segment expense(2) | | | 8,252 | | | (859) | Segment Adjusted EBITDA | | $ | 68,698 | | $ | 11,573 |
(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. |
| | | | | | | | | | Nine Months Ended September 30, 2025 | | | | | | Sustainable | | | Beverage | | Sourcing & | (Thousands) | | Solutions | | Traceability | Net Sales | | $ | 635,922 | | $ | 213,558 | Less: | | | | | | | Costs of sales | | | 509,311 | | | 196,883 | Employee related(1) | | | 42,326 | | | 5,654 | Information technology | | | 5,536 | | | n/a | Advertising & marketing | | | 1,877 | | | n/a | Professional fees | | | 7,109 | | | n/a | Corporate insurance | | | 4,862 | | | n/a | Freight | | | 9,071 | | | n/a | Other segment expense(2) | | | 6,155 | | | 23 | Segment Adjusted EBITDA | | $ | 49,675 | | $ | 10,998 |
(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. |
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