Westrock Coffee Company, LLC (NASDAQ:WEST) Q4 2022 Earnings Conference Call March 14, 2023 5:00 PM ET

Company Participants

Clay Crumbliss - ICR, IR

Scott Ford - Co-Founder and CEO

Chris Pledger - Chief Financial Officer

Conference Call Participants

Todd Brooks - Benchmark

Sarang Vora - Telsey Group

Jim Salera - Stephens

Operator

Hello. And welcome to the Westrock Coffee Company’s Fourth Quarter 2022 Earnings Conference Call. My name is Valerie. I will be your conference coordinator today. Following prepared remarks, we will open the call for your questions with instructions to be given at that time.

I will now hand the call over to Clay Crumbliss of ICR. Please begin.

Clay Crumbliss

Thank you. And welcome to Westrock Coffee Company’s fourth quarter 2022 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 fourth 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 of the 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’s my pleasure to turn the call over to Scott Ford, our Co-Founder and Chief Executive Officer.

Scott Ford

Good afternoon, everyone, and thank you, Clay. I am delighted to be here with you as we report our fourth quarter and full year 2022 financial results. As noted in the headlines of our release, our year-over-year adjusted EBITDA growth was 23% for the fourth quarter and 27% for fiscal year 2022. These are fabulous results and I am grateful to the entire Westrock Coffee team who worked tirelessly all year to deliver.