Weber Results Presentation Deck
NON-GAAP RECONCILIATION
(dollars in thousands)
Net (loss) income
Adjustments:
Interest expense, net
Income tax expense
Depreciation and amortization
EBITDA
Stock/unit-based compensation expense (¹)
Business transformation costs (²)
Operational transformation costs (3)
Financing and IPO costs (4)
COVID-19 costs (5)
Loss from early extinguishment of debt
Gain on disposal of assets held for sale
Other expense
Adjusted EBITDA
Net sales
Adjusted EBITDA Margin
Three Months Ended March 31,
2022
(51,313) $
17,015
67,224
15,496
48,422 $
22,190
7,272
7,190
877
434
86,385 $
607,294 $
14.2%
Notes:
1. See Note 11 to our condensed consolidated financial statements for further information.
2. "Business transformation costs" are costs for business transformation initiatives that require severance or other costs to transition to a new operating model.
2021
68,910
17,276
15,223
10,562
111,971
29,051
2,053
4,835
945
453
149,308
654,431
22.8%
3. "Operational transformation costs" are defined as restructuring and transformation initiatives related to supply chain, operational moves and startups that are designed to enable future productivity.
These costs also include significant non-capitalizable systems integration costs, as well was plant shutdown and closure costs that will drive future efficiencies.
4. "Financing and IPO costs" include non-capitalizable costs relating to the Company's Secured Credit Facility, the Company's IPO and other financing costs.
5. During the six months ended March 31, 2021, the Company incurred costs related to the global COVID-19 pandemic. These costs primarily resulted from the impact of enhanced employee safety and
social distancing protocols.
weber
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