Utz Brands (UTZ) Financials

Utz Brands, Inc. (UTZ) is a leading manufacturer of snack food products, with a focus on potato chips, pretzels, and other salty snacks. The company operates in both the retail and wholesale markets, selling its products through a variety of channels including grocery stores, convenience stores, and online retailers. UTZ has a strong and diverse portfolio of brands, including Utz, Zapp's, Golden Flake, and Boulder Canyon, among others. The company's products are known for their high quality and great taste, and are enjoyed by consumers across the United States.

In terms of financial performance, UTZ has consistently delivered strong results. The company's total revenue has been steadily increasing over the past several years, driven by both organic growth and strategic acquisitions. In 2020, UTZ reported total revenue of $962.3 million, representing a year-over-year increase of 18.6%. Gross profit for the year was $292.4 million, with a gross profit margin of 30.4%. Net income from stockholders was $31.6 million, reflecting an increase of 53% compared to the previous year. This growth was driven by a combination of higher sales volumes, favorable pricing, and cost savings initiatives.

In terms of profitability, UTZ has consistently delivered strong margins. The company's EBITDA margin, a measure of operating profitability, was 13.1% in 2020. This reflects the company's ability to generate strong operating cash flows and control costs. In addition, UTZ has a strong balance sheet, with total assets of $1.3 billion and total liabilities of $891.6 million as of the end of 2020. The company has a net debt position of $546.7 million, which reflects its ability to manage its debt levels and generate free cash flow.

Looking ahead, UTZ is well positioned for continued growth. The company has a solid track record of successfully integrating acquisitions and driving operational efficiencies. In addition, UTZ is focused on innovation and new product development, with a strong pipeline of new products set to launch in the coming years. With its strong brands, diverse product portfolio, and strong financial performance, UTZ is poised to continue its success in the snack food industry.