Company: UTZ
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001739566-25-000153
Chunk: 30

Company: Utz Brands, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 2024Numerator:Net income attributable to common stockholders$10.5 $19.8 $18.0 $15.8 Denominator:Weighted average Class A Common Stock shares, basic86,118,292 81,457,014 85,919,842 81,423,240 Dilutive securities included in diluted earnings per share calculation:Warrants882,524 2,600,077 1,046,428 2,574,638 RSUs433,902 539,622 410,450 436,799 PSUs244,722 305,818 227,426 285,102 Stock options— 51,881 397 42,883 Total dilutive weighted average shares87,679,440 84,954,412 87,604,543 84,762,662 Basic income per share$0.12 $0.24 $0.21 $0.19 Diluted income per share$0.12 $0.23 $0.21 $0.19 Weighted average Class V Common Stock not subject to earnings per share calculation55,349,000 59,349,000 55,502,846 59,349,000 Net (loss) income attributable to noncontrolling interest$(0.4)$5.6 $(2.2)$12.0 The diluted earnings per share computation excludes the effect of certain Warrants and certain restricted stock units ("RSUs"), performance stock units ("PSUs") and stock options granted to directors and management that convert to Class A Common Stock upon vesting or being exercised, as their inclusion would have been anti-dilutive. Anti-dilutive securities excluded from diluted income per share calculation are as follows:Thirteen weeks ended June 29, 2025Thirteen weeks ended June 30, 2024Twenty-six weeks ended June 29, 2025Twenty-six weeks ended June 30, 2024RSUs382,588 81,751 331,538 396,959 PSUs435,156 214,995 418,315 180,233 Stock options649,930 — 633,007 — 

16

Shares of the Company’s Class V Common Stock do not participate in earnings of the Company and, therefore, are not participating securities. The PSUs and RSUs were not