secwatch.observer — SEC 8-K summary
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Issuer:     Under Armour, Inc. (UAA)
CIK:        0001336917
Form:       8-K
Filed at:   2024-09-09T23:59:59+00:00
Accession:  0001336917-24-000149
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 2.05, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Under Armour increases restructuring charges to $140-160M; expects wider FY2025 operating loss of $220-240M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1336917/000133691724000149/0001336917-24-000149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1336917/000133691724000149/ua-20240905.htm
  HTML page:      https://secwatch.observer/filing/0001336917-24-000149

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