Weber Inc. Reports Fiscal Third Quarter 2021 Results
Weber Inc. Class A (WEBR)
Company Research
Source: Business Wire
New Company Record as Net Sales increased 19%, to $669 MillionContinued Earnings Strength: $18 Million Net Income; $134 Million Adjusted EBITDA PALATINE, Ill.--(BUSINESS WIRE)--Weber Inc. (“Weber” or “the Company”) (NYSE: WEBR) today announced its financial results for the fiscal third quarter.Weber reports its financial performance in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and as adjusted on a non-GAAP basis. Please see “Non-GAAP Financial Measures,” and “Reconciliation of GAAP to Non-GAAP Financial Information” below for additional information and reconciliations of the non-GAAP financial measures to the most comparable GAAP financial measures.For the quarter ended June 30, 2021, Weber set a fifth straight year-over-year quarterly sales record as net sales increased 19%, to $669 million, from $561 million in the prior year quarter. Net Income was $18 million or 2.7% of net sales and Adjusted EBITDA was $134 million or 20.
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