Company: UTZ
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001739566-25-000153
Chunk: 10

Company: Utz Brands, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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.5)(1.3)Other (loss) income(0.6)0.2 (0.2)1.0 Gain on remeasurement of warrant liability 12.5 12.9 23.5 1.1 Other income (loss), net0.5 1.6 (0.1)20.8 Income before taxes6.9 24.1 12.0 53.0 Income tax (benefit) expense(3.2)(1.3)(3.8)25.2 Net income 10.1 25.4 15.8 27.8 Net loss (income) attributable to noncontrolling interest0.4 (5.6)2.2 (12.0)Net income (loss) attributable to controlling interest$10.5 $19.8 $18.0 $15.8 Income per Class A Common stock: (in dollars)Basic$0.12 $0.24 $0.21 $0.19 Diluted$0.12 $0.23 $0.21 $0.19 Weighted-average shares of Class A Common stock outstandingBasic86,118,292 81,457,014 85,919,842 81,423,240 Diluted87,679,440 84,954,412 87,604,543 84,762,662 Net income $10.1 $25.4 $15.8 $27.8 Other comprehensive (loss) income:Change in fair value of interest rate swap(3.8)(2.2)(10.2)2.5 Comprehensive income6.3 23.2 5.6 30.3 Net comprehensive loss (income) attributable to noncontrolling interest1.9 (4.6)6.2 (13.0)Net comprehensive income attributable to controlling interest$8.2 $18.6 $11.8 $17.3 

The accompanying notes are an integral part of these consolidated financial statements.

2

Utz Brands, Inc.

CONSOLIDATED STATEMENTS OF EQUITY

For the thirteen weeks ended June 29, 2025 and June 30, 2024

(In millions, except share information)

(Unaudited)

Class A Common