Company: UTZ
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001739566-25-000153
Chunk: 69

Company: Utz Brands, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 69
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106.6 95.7 Administrative expenses (f)33.7 30.8 69.6 66.6 Total selling, distribution, and administrative expenses119.5 104.6 232.7 214.0 (Loss) gain on sale of assets, net(0.9)2.4 (0.2)1.9 Income from operations6.4 22.5 12.1 32.2 Gain on sale of business— — — 44.0 Interest expense(11.4)(10.2)(22.9)(24.0)Loss on debt extinguishment— (1.3)(0.5)(1.3)Other (loss) income(0.6)0.2 (0.2)1.0 Gain on remeasurement of warrant liability12.5 12.9 23.5 1.1 Other income (loss), net0.5 1.6 (0.1)20.8 Income before income 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 (a) Conversion costs include direct labor, indirect labor, and overhead expenses.(b) Other cost of goods sold consists of logistics and other charges.(c) Delivery charges related to amounts to ship to distribution centers and end customers, and transfer costs between facilities.(d) Marketing expenses include customer marketing through traditional media, digital and eCommerce, social media, sponsorships, and other costs such as agency costs, and market research.

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(e) Selling expenses include non-administrative people costs, selling operations, co-op advertising and other customer expenses, broker fees, royalties, and other selling related costs.(f) Administrative expenses include administrative people costs, administrative operations, taxes, fees, and other administrative costs, offset by reimbursements from the transaction services agreements described in Note 2. Divestitures.

14.EQUITY

In January 2025, the Noncontrolling Interest Holders exchanged 2,000,000 UBH units together with the surrender and cancellation of the same number of shares of Class V Common Stock for an equal number of shares of Class A Common Stock. The Company did not