Westrock Coffee Company (NASDAQ:WEST) Q2 2024 Earnings Call August 8, 2024 4:30 PM ET

Company Participants

Robert Mounger - Investor Relations
Scott Ford - Co-Founder and Chief Executive Officer
Chris Pledger - Chief Financial Officer

Conference Call Participants

Todd Brooks - Benchmark Company
Matt Smith - Stifel
Sarang Vora - Telsey Advisory Group
Eric Des Lauriers - Craig-Hallum Capital Group

Operator

Hello, and welcome to Westrock Coffee Company’s Second Quarter 2024 Earnings Conference Call. My name is Cathy Darnell and I’ll be coordinating your call today. Following prepared remarks, we will open the call to your questions with instructions to be given at that time. I’ll now hand the call over to Robert Mounger with Westrock Coffee.

Robert Mounger

Thank you, and welcome to Westrock Coffee Company’s second quarter 2024 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 second 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

Thank you, Robert, and good afternoon, everyone. We have a number of significant updates that we’re pleased to share with you today in conjunction with the second quarter’s earnings details, which our CFO, Chris Pledger, will take you through in just a moment.

The second quarter of ‘24 marks a celebratory milestone for all of us that have labored so hard for so long to bring to realization the commencement of commercial operations of our Conway, Arkansas extract and ready-to-drink facility. We are in full production and sales mode on our multi-serve bottle line. We have completed the startup of our RTD canning line and expect to begin commercial sales off that line in the second half of this year, and we are on target for the completion of our glass bottle line later this year.