Company: UTZ
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001739566-25-000111
Chunk: 12

Company: Utz Brands, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 interest$7,502 $(3,990)Income (loss) per Class A Common stock: (in dollars)Basic$0.09 $(0.05)Diluted$0.09 $(0.05)Weighted-average shares of Class A Common stock outstandingBasic85,721,393 81,389,465 Diluted87,535,340 81,389,465 Net income $5,678 $2,397 Other comprehensive (loss) income:Change in fair value of interest rate swap(6,452)4,659 Comprehensive (loss) income(774)7,056 Net comprehensive loss (income) attributable to noncontrolling interest4,364 (8,352)Net comprehensive income (loss) attributable to controlling interest$3,590 $(1,296)

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 March 30, 2025 and March 31, 2024

(In thousands, except share information)

(Unaudited)

Class A Common StockClass V Common StockAdditional Paid-in CapitalAccumulated DeficitAccumulated Other Comprehensive IncomeTotal Stockholders' EquityNon-controlling InterestTotal EquitySharesAmountSharesAmountBalance at December 31, 202381,187,977 $8 59,349,000 $6 $944,573 $(298,049)$22,958 $669,496 $714,187 $1,383,683 Share-based compensation218,850 — — 3,913 — — 3,913 — 3,913 Payments of tax withholding requirements for employee stock awards— — (1,397)— — (1,397)— (1,397)Deferred tax impact from divestiture— — 3,003 — — 3,003 2,135 5,138 Net (loss) income— — — (3,990)— (3,990)6,387 2,397 Cash dividends declared— — — (4,803)— (4,803)— (4,803)Distribution to noncontrolling interest— — — — — — (3,502)(3,502)Tax distribution