secwatch.observer — SEC 8-K summary
======================================

Issuer:     Utz Brands, Inc. (UTZ)
CIK:        0001739566
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001739566-22-000225
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Utz Q3 net sales +16% to $362.8M, raises FY2022 outlook; CEO succession announced
--------------------------------------------------------------------------------

- Q3 net sales $362.8M (+16% YoY); organic net sales +12.6%.
- GAAP net income $1.5M vs $31.4M prior, due to $3.7M warrant liability loss.
- Adjusted EBITDA $47.7M (+6.5% YoY); adjusted EPS $0.16 vs $0.18.
- Company raises full-year 2022 net sales and Adjusted EBITDA guidance.
- CEO Dylan Lissette to become Exec Chairman; Howard Friedman to be CEO mid-Dec 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1739566/000173956622000225/0001739566-22-000225-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1739566/000173956622000225/utz-20221110.htm
  HTML page:      https://secwatch.observer/filing/0001739566-22-000225

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