secwatch.observer — SEC 8-K summary
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Issuer:     Utz Brands, Inc. (UTZ)
CIK:        0001739566
Form:       8-K
Filed at:   2021-11-10T23:59:59+00:00
Accession:  0001739566-21-000177
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Utz Q3 net sales $312.7M (+26% YoY); adj. EBITDA $44.8M; inflation pressures guide pricing actions
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- Net sales $312.7M (+26.1% as-reported; +1.4% pro forma vs. prior year period).
- GAAP net income $31.4M ($0.40 diluted EPS); adjusted net income $25.6M ($0.18 adj. EPS).
- Adjusted EBITDA $44.8M (+17.3% YoY); adjusted gross margin 35.8%, down 420 bps on inflation.
- CEO cites strong consumer demand and market share gains; pricing actions implemented with carry-over benefit into 2022.
- Expects high inflation and transportation challenges to persist in 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1739566/000173956621000177/0001739566-21-000177-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1739566/000173956621000177/utz-20211110.htm
  HTML page:      https://secwatch.observer/filing/0001739566-21-000177

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer