Revenue and EBITDA Growth
Net sales increased by 11.1% compared to the first quarter of 2024. The combination of Beverage Solutions and SS&T segment EBITDAS reached $11.5 million, up 3.3% over the prior year. Adjusted EBITDA for the first half of 2025 is projected to increase by roughly 25% over the prior year, and for the full year 2025 to be up roughly 35% over 2024.
Conway Facilities Launch
Successful commercial launch of two new manufacturing facilities in Conway, Arkansas, including the largest roast-to-extract-to-RTD facility. The facilities are expected to significantly drive performance, with production capacity for hundreds of millions of RTD cans and billions of single-serve cups annually.
Strong Single-Serve Cup Performance
Significant growth in single-serve cup segment, driven by several private label and branded product wins. The company is expanding capacity in response to high demand.
Sustainable Sourcing Segment Growth
The sustainable sourcing traceability segment saw a 44% increase in sales compared to the first quarter of 2024, with segment adjusted EBITDA increasing from $300,000 to $1.9 million.