Under Armour, Inc. (UAA): restructuring charge — Under Armour increases restructuring charges to $140-160M; expects wider FY2025 operating loss of $220-240M

Under Armour, Inc.

Expanded restructuring plan to $140-$160M pre-tax from $70-$90M due to exiting Rialto, CA distribution facility.
FY2025 operating loss expected $220-$240M vs prior $194-$214M; adjusted operating income $140-$160M.
Diluted loss per share $0.58-$0.61 vs $0.53-$0.56; adjusted EPS $0.19-$0.22.
Charges include up to $75M cash (severance, transformation) and up to $85M non-cash (facility impairments).
Through June 30, 2024, incurred $34M; ~2/3 of remaining charges expected by end of FY2025.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Under Armour, Inc. announced a restructuring with charges of approximately $140 million to $160 million of pre-tax restructuring and related charges affecting its previously disclosed fiscal year 2025 restructuring plan.

Type: restructuring
Charge: approximately $140 million to $160 million of pre-tax restructuring and related charges
Affected area: its previously disclosed fiscal year 2025 restructuring plan

Exact text from the filing

On September 5, 2024, the Company’s Board of Directors approved a $70 million increase to the restructuring plan, resulting in a restructuring plan of approximately $140 million to $160 million of pre-tax restructuring and related charges to be incurred during fiscal years 2025 and 2026

View on SEC.gov

6 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

Under Armour, Inc. filing history →

Source: SEC EDGAR

accession 0001336917-24-000149

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.