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Weber Inc.

weber.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2022 10-Q, filed Feb 9, 2023. Its latest SEC filing is a 15-12G from Mar 3, 2023.

The sections below describe the company as of the FY2022 annual report.

What Did They Do?

Makes outdoor grills, accessories and consumables for grilling enthusiasts and barbecue professionals.

How Did They Make Money?

Customers pay for grills and accessories when products ship or are delivered, depending on the sales terms; payment is generally due 30–60 days later.

FY2022 revenue

Who Were Their Customers?

Sells through wholesale retailers and independent dealers, directly to consumers through Weber.com and Weber-branded stores, and through online retailers.

Customers above 10% of revenue, FY2022
of revenue from two customers (13%, 10%)
FY2021: 24% from two customers

Did Revenues Turn Into Profits?

No. It lost $73.6M in FY2022.

Operating income, FY2022
−12% of revenue
▼ Now a loss vs FY2021 ($74.4M, 4%)
Net income, FY2022
−5% of revenue
▼ Now a loss vs FY2021 ($47.7M, 2%)
Free cash flow, FY2022
−29% of revenue
▲ +4814% (Loss) vs FY2021 (−$9.4M, 0%)

How Were They Changing?

Since the FY2022 annual report
Latest quarter: Q1 FY2022, the three months to Dec 31, 2022
Revenue
▼ −42%
vs $283.1M in Q1 FY2021
Net income
▼ Now a loss
vs $16.8M in Q1 FY2021
  • Feb 21, 2023 BDT completed its acquisition and took Weber private Weber requested the delisting of its shares from the NYSE.
  • Dec 16, 2022 Alan Matula became CEO; CFO William Horton announced his resignation

Who Did They Compete With?

Competes with Big Green Egg, Broil King, Campingaz, Char-Broil, Landmann, Napoleon, Nexgrill, Pit Boss, Traeger, and Ziegler & Brown

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