UTZ Brands (UTZ) investor relations material

Executive summary

• Q3 net sales fell 2.3% YoY to $369.2M and adjusted EBITDA declined 30.3% to $42.0M amid lower volumes, weaker mix and higher supply-chain costs.

• A $14.25-per-share cash acquisition by an Intersnack subsidiary is expected to close in Q4 2026, subject to stockholder approval and other closing conditions; no further FY26 guidance will be issued.

Financial highlights

• Q3 net sales were $369.2M, down 2.3% YoY; volume/mix reduced sales 5.2%, partly offset by 2.9% higher net price realization.

• Q3 gross profit was $77.6M versus $91.5M; reported gross margin was 21.0% versus 24.2%, while adjusted gross margin was 27.2%, down 530 bps.

• Net loss attributable to controlling interest was $24.3M versus $14.7M, with diluted EPS of $(0.27) versus $(0.17); consolidated net loss was $32.1M versus $20.2M.

• Q3 EBITDA was $1.1M versus $23.8M; adjusted EBITDA was $42.0M versus $60.3M, with an 11.4% margin versus 16.0%.

• 9M net sales rose 0.5% to $1,102.3M; adjusted EBITDA was $145.6M versus $154.1M, and net loss attributable to controlling interest was $36.1M versus $3.3M income.

Outlook and guidance

• Transaction closing was expected in Q4 2026, subject to closing conditions; a stockholder vote was scheduled for November 13, 2026.

• The HSR waiting period expired September 9, 2026, and Ukrainian competition clearance was obtained September 17; other closing conditions remained.

• No further FY26 guidance will be provided because of the pending take-private transaction; FY26 ends January 3, 2027 and includes 53 weeks, with Q4 comprising 14 weeks.