Company: UTZ
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001739566-25-000053
Chunk: 108

Company: Utz Brands, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 108
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oss) gain on sale of assets, net(78)(7,350)691 Income from operations58,906 16,017 5,344 Other income (expense)Gain on sale of business44,015 — — Interest expense(44,862)(60,590)(44,424)Loss on debt extinguishment(1,273)— — Other income2,457 3,066 400 Gain on remeasurement of warrant liability10,224 2,232 720 Other income (expense), net10,561 (55,292)(43,304)Income (loss) before income taxes69,467 (39,275)(37,960)Income tax expense (benefit)38,730 757 (23,919)Net income (loss)30,737 (40,032)(14,041)    Net (income) loss attributable to noncontrolling interest(14,763)15,095 13,649 Net income (loss) attributable to controlling interest$15,974 $(24,937)$(392)Earnings (loss) per share of Class A Common Stock: (in dollars)Basic$0.19 $(0.31)$— Diluted$0.19 $(0.31)$— Weighted-average shares of Class A Common Stock outstanding:Basic82,102,876 81,081,458 80,093,094 Diluted85,433,980 81,081,458 80,093,094 Net income (loss)$30,737 $(40,032)$(14,041)Other comprehensive (loss) gain:Change in fair value of interest rate swap(7,478)(13,543)47,279 Comprehensive income (loss)23,259 (53,575)33,238 Net comprehensive (income) loss attributable to noncontrolling interest(11,653)20,819 (6,568)Net comprehensive income (loss) attributable to controlling interest$11,606 $(32,756)$26,670 

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

57

Utz Brands, Inc.

CONSOLIDATED STATEMENTS OF EQUITY (DEFICIT)

For the fiscal years ended December 29, 2024, December 31, 2023, and January 1, 2023

(In thousands