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We deliver customized supply chain solutions and innovation for top brands, retailers, and foodservice providers across a broad portfolio of beverages, broths, and better-for-you snacks. Our plant-based beverage offerings include oat, almond, soy, coconut and rice milks, which have a favorable climate profile relative to traditional dairy milks in terms of lower carbon emissions and water usage.
Operating margin is thin at 4.85%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue up 13.0% YoY with margins expanding 2.7pp.
Net debt of $416M represents 19.6x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$818M
▲ +13.0% YoY
Net Income (TTM)
$16M
▲ +190.7% YoY
Op. Margin
4.85%
▲ +2.7pp YoY
ROIC
6.63%
▲ +4.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$21M
▲ +17.3% YoY
Op. Cash Flow (TTM)
$50M
▼ -0.7% YoY
Net Debt
$416M
Cash & Equiv.
$169K
5Y CAGR: +0.7%
5Y CAGR: -20.5%
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