secwatch.observer — SEC 8-K summary
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Issuer:     Utz Brands, Inc. (UTZ)
CIK:        0001739566
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001739566-24-000052
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Utz Q4 net sales -0.7% to $352M, net loss $33.2M; completes brand dispositions with $150M proceeds
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- Q4 net sales $352.1M (-0.7% YoY); Organic Net Sales -0.3%. Net loss $33.2M vs net income $13.8M prior year.
- Q4 Adjusted EBITDA $49.4M (+12% YoY); FY Adjusted EBITDA $187.2M (+9.8% YoY).
- FY net sales $1,438.2M (+2.1%); FY net loss $40.0M vs $14.0M loss in prior year.
- Closed dispositions of Good Health and RW Garcia brands and 3 factories on Feb 5; ~$150M after-tax proceeds used to reduce variable-rate debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1739566/000173956624000052/0001739566-24-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1739566/000173956624000052/utz-20240229.htm
  HTML page:      https://secwatch.observer/filing/0001739566-24-000052

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