Weber Inc., an outdoor cooking company, manufactures and distributes outdoor cooking products, accessories, consumables, and services in North America, Europe, Australia, and internationally. Its products include charcoal and gas grills, smokers, pellet and electric grills, and Weber Connect technology-enabled grills; and accessories, consumables, and services. The company sells its products through omni-channel network comprising wholesale, direct-to-consumer, and e-commerce channels. Weber Inc. was founded in 1952 and is headquartered in Palatine, Illinois.
IPO Year: 2021
Exchange: NYSE
Website: weber.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
12/13/2022 | $8.05 | Sell → Neutral | Citigroup |
10/25/2022 | $4.00 → $6.25 | Underweight → Equal Weight | Wells Fargo |
8/17/2022 | $7.00 → $2.75 | Neutral → Sell | Citigroup |
8/1/2022 | $8.00 → $4.00 | Neutral → Sell | UBS |
7/26/2022 | $4.00 | Equal Weight → Underweight | Wells Fargo |
7/25/2022 | $9.00 → $5.00 | Neutral → Underperform | BofA Securities |
2/24/2022 | $11.00 | Buy → Neutral | Goldman Sachs |
2/15/2022 | $14.00 → $11.00 | Equal Weight | Wells Fargo |
2/15/2022 | $14.00 → $12.00 | Neutral | Citigroup |
2/15/2022 | $13.00 → $9.50 | Overweight → Neutral | JP Morgan |
4 - Weber Inc. (0001857951) (Issuer)
4 - Weber Inc. (0001857951) (Issuer)
4 - Weber Inc. (0001857951) (Issuer)
4 - Weber Inc. (0001857951) (Issuer)
4 - Weber Inc. (0001857951) (Issuer)
4 - Weber Inc. (0001857951) (Issuer)
4 - Weber Inc. (0001857951) (Issuer)
4 - Weber Inc. (0001857951) (Issuer)
4 - Weber Inc. (0001857951) (Issuer)
4 - Weber Inc. (0001857951) (Issuer)
Weber Inc. (NYSE:WEBR) ("Weber" or the "Company"), the global leader in outdoor cooking products, innovation, and technology, today announced the closing of its take-private transaction by investment funds managed by BDT Capital Partners, LLC ("BDT"). On December 12, 2022, Weber announced that BDT funds had signed a definitive agreement to purchase all of the outstanding shares of Weber Class A common stock that they did not already own for $8.05 per share, representing a total enterprise value of $3.7 billion. "For over seven decades, Weber has been steadfast in its commitment to bring joy, fun, and moments of true human connection through outdoor cooking to spaces and places worldwide,"
Weber Inc. ("Weber" or "the Company") (NYSE:WEBR), the global leader in outdoor cooking products, innovation, and technology, today announced its financial results for the fiscal first quarter 2023, ending December 31, 2022. 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, Weber generated net sales of $165 mi
New LUMIN Electric Grill Smokes, Steams, Barbecues, and Warms Offering "Next Level" Versatility While Delivering Authentic Barbecue Flavors Suite of Griddle Offerings Transform Gas Grilling and What's Possible to Cook Outside Weber Inc. (NYSE:WEBR), the global leader in outdoor cooking, technology, and products, announced today its innovative new product offerings for the upcoming 2023 barbecue season. Featuring Weber's advanced technology, high-performance engineering, durable construction, and consumer-led design, the Company's latest electric, griddle, and pellet grills offer extraordinary utility, flexibility, convenience, and endless flavor exploration for those who love to cook outs
Delivered net sales of $1.6 billion in fiscal year 2022 Maintained global category leadership and best-in-class product suite Executed on cash flow and cost management plan to deliver $110 million of future cash benefit Significantly enhanced liquidity and capital structure with additional $350 million of unsecured borrowing capacity subsequent to quarter-end Weber Inc. ("Weber" or "the Company") (NYSE:WEBR) today announced its financial results for the fiscal fourth quarter and full-year 2022, ending September 30th. 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
Unanimously Recommended by Special Committee of the Weber Board of Directors Agreed Price to Deliver 60% Premium and Certainty of Value for Minority Class A Shareholders Approved $350 Million Unsecured Loan from BDT Capital Further Enhances Company's Liquidity Weber Inc. (NYSE:WEBR) ("Weber" or the "Company"), the global leader in outdoor cooking innovation, technology and products, today announced that it has entered into a definitive merger agreement pursuant to which investment funds managed by BDT Capital Partners LLC ("BDT") will purchase all of the outstanding Class A Shares that they do not already own, for $8.05 per share of Class A common stock of Weber ("Class A Share"), which
Weber Inc. ("Weber") (NYSE:WEBR), the global leader in outdoor cooking innovation, technology, and products, today announced that it plans to release its fiscal fourth quarter and full-year 2022 financial results on Wednesday, December 14, 2022. Weber management will host a conference call at 7:30 a.m. CT that morning to discuss its financial results. Investors and analysts are invited to dial 844-200-6205 (international callers, please dial 929-526-1599) approximately 10 minutes before the start of the call. Please reference Conference ID 339681 when prompted. A live webcast of the conference call and supporting materials will be available on the Weber investor relations website, https://
Weber Inc. (NYSE:WEBR) (the "Company"), the global leader in outdoor cooking products, innovation, and technology, announced today that it has received a non-binding proposal from BDT Capital Partners LLC, on behalf of its affiliates BDT Capital Partners Fund I, L.P., BDT Capital Partners Fund 3, L.P., and their respective affiliated funds (collectively, "BDT"), to acquire all of the Company's outstanding shares of Class A common stock that it does not already own for $6.25 in cash per share. The board of directors of the Company (the "Board") previously formed a special committee of independent directors (the "Special Committee") to evaluate and consider any potential or actual transactio
Weber Inc. ("Weber" or "the Company") (NYSE:WEBR), the global leader in outdoor cooking products, innovation, and technology, today announced its financial results for the fiscal third quarter 2022, ending June 30, 2022. 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, Weber generated net sales of $528 millio
Weber Inc. ("Weber") (NYSE:WEBR), the global leader in outdoor cooking innovation, technology, and products, today announced that it plans to release its fiscal third quarter 2022 financial results on Monday, August 15, 2022. Weber management will host a conference call at 7:30 a.m. CT that morning to discuss its financial results. Investors and analysts are invited to dial 833-927-1758 (international callers, please dial 929-526-1599) approximately 10 minutes before the start of the call. Please reference Conference ID 460992 when prompted. A live webcast of the conference call and supporting materials will be available on the Weber investor relations website, https://investors.weber.com.
Alan Matula Appointed Interim CEO Company Provides Preliminary Estimates for Fiscal Third Quarter 2022 Results; Will Report Final Fiscal Third Quarter 2022 Results on August 15, 2022 Weber to Pursue Financial Transformation Initiatives to Navigate the Sustained Challenging Macroeconomic Environment Weber Inc. ("Weber" or "the Company") (NYSE:WEBR), the global leader in outdoor cooking products, innovation, and technology, today announced that Alan Matula, the Company's current Chief Technology Officer, has been appointed interim Chief Executive Officer, effective immediately. Chris Scherzinger is departing from his roles on the management team and Board of Directors. A search for a perma
Weber Inc. (NYSE:WEBR) ("Weber" or the "Company"), the global leader in outdoor cooking products, innovation, and technology, today announced the closing of its take-private transaction by investment funds managed by BDT Capital Partners, LLC ("BDT"). On December 12, 2022, Weber announced that BDT funds had signed a definitive agreement to purchase all of the outstanding shares of Weber Class A common stock that they did not already own for $8.05 per share, representing a total enterprise value of $3.7 billion. "For over seven decades, Weber has been steadfast in its commitment to bring joy, fun, and moments of true human connection through outdoor cooking to spaces and places worldwide,"
According to Benzinga Pro data, during Q1, Weber (NYSE:WEBR) posted sales of $164.90 million. Earnings were up 25.13%, but Weber still reported an overall loss of $113.89 million. In Q4, Weber brought in $168.09 million in sales but lost $152.12 million in earnings. What Is ROCE? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company's ROCE. A higher ROCE is generally representative of successful growth of a company and is a sign of higher earnings per share in the future. A low or negative ROCE suggests the opposite. In Q1, Weber posted an ROCE of 0.23%. Keep in mind, while ROCE
Weber (NYSE:WEBR) reported quarterly sales of $165.00 million which missed the analyst consensus estimate of $204.11 million by 19.16 percent. This is a 41.73 percent decrease over sales of $283.14 million the same period last year.
Benzinga Pro data, Weber (NYSE:WEBR) reported Q4 sales of $168.09 million. Earnings fell to a loss of $152.12 million, resulting in a 192.53% decrease from last quarter. Weber collected $527.94 million in revenue during Q3, but reported earnings showed a $52.00 million loss. Why Is ROCE Significant? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company's ROCE. A higher ROCE is generally representative of successful growth of a company and is a sign of higher earnings per share in the future. A low or negative ROCE suggests the opposite. In Q4, Weber posted an ROCE of 0.37%. Kee
Wells Fargo analyst Chris Carey maintains Weber (NYSE:WEBR) with a Equal-Weight and raises the price target from $6.25 to $8.05.
Weber Inc (NYSE:WEBR) reported a fourth-quarter FY22 sales decline of 52% year-on-year to $168.08 million, missing the consensus of $209.09 million. Sales in the Americas decreased 60% Y/Y, EMEA fell 54%, and APAC gained 10%. Gross profit for the quarter was $7.8 million versus $105.6 million a year ago. Related: Outdoor Cooking Company Weber Goes Private In $3.7B Deal Operating loss for the quarter was $(116.7) million. Adjusted EBITDA loss was $(63) million versus a loss of $(14) million the previous year. Loss per share for the quarter was $(0.53). Weber held $24.6 million in cash and equivalents as of September 30, 2022. Net cash used in operating activities for the fiscal year t
FedEx (FDX) - A play on the holiday shopping/shipping season. FedEx will report quarterly results next week on Tuesday. Expect results to be published immediately after the closing bell, around 4:01 or 4:02 p.m. EST. Moderna (MRNA) - Shares will likely see profit taking Wednesday following a 20% rally on Tuesday. The company announced favorable results for a Phase 2 trial of its personalized cancer vaccine. Analysts at research shop Chardan downgraded Moderna shares to Neutral Wednesday morning and said, based on Tuesday's rally, share price has caught up with valuation. SoFi Technologies (SOFI) - A play on conviction in th
Weber (NYSE:WEBR) reported quarterly sales of $168.00 million which missed the analyst consensus estimate of $209.06 million by 19.64 percent. This is a 52.03 percent decrease over sales of $350.23 million the same period last year.
Companies Reporting Before The Bell • Wells Fargo (NYSE:WFC) is estimated to report earnings for its third quarter. • REV Group (NYSE:REVG) is estimated to report quarterly earnings at $0.25 per share on revenue of $595.02 million. • Weber (NYSE:WEBR) is projected to report quarterly loss at $0.35 per share on revenue of $209.06 million. • Arqit Quantum (NASDAQ:ARQQ) is expected to report earnings for its Fiscal Year 2022. Companies Reporting After The Bell • Applied DNA Sciences (NASDAQ:APDN) is estimated to report quarterly loss at $0.26 per share on revenue of $4.10 million. • Innovative Solutions (NASDAQ:ISSC) is likely to report earnings for its fourth quarter. • Trip.com Group
One of the top short squeeze candidates of 2022 is no longer a candidate for high short interest with a buyout offer taking the company private after being public for 16 months. What Happened: Outdoor grilling company Weber Inc (NYSE:WEBR) had been a popular short squeeze candidate with the stock seeing high short interest and a high cost to borrow. The company was the target of a buyout offer from BDT Capital Partners in late October, with BDT offering to acquire all shares it did not own for $6.25 each. Earlier this week, Weber agreed to be acquired by BDT for $8.05 per share, valuing the company at $3.7 billion. The buyout comes as the stock ranks 10th on Fintel’s short squeeze leader
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Weber Inc. ("Weber" or "the Company") (NYSE:WEBR), the global leader in outdoor cooking products, innovation, and technology, today announced its financial results for the fiscal first quarter 2023, ending December 31, 2022. 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, Weber generated net sales of $165 mi
Weber Inc. ("Weber") (NYSE:WEBR), the global leader in outdoor cooking innovation, technology, and products, today announced that it plans to release its fiscal fourth quarter and full-year 2022 financial results on Wednesday, December 14, 2022. Weber management will host a conference call at 7:30 a.m. CT that morning to discuss its financial results. Investors and analysts are invited to dial 844-200-6205 (international callers, please dial 929-526-1599) approximately 10 minutes before the start of the call. Please reference Conference ID 339681 when prompted. A live webcast of the conference call and supporting materials will be available on the Weber investor relations website, https://
Weber Inc. ("Weber" or "the Company") (NYSE:WEBR), the global leader in outdoor cooking products, innovation, and technology, today announced its financial results for the fiscal third quarter 2022, ending June 30, 2022. 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, Weber generated net sales of $528 millio
Weber Inc. ("Weber") (NYSE:WEBR), the global leader in outdoor cooking innovation, technology, and products, today announced that it plans to release its fiscal third quarter 2022 financial results on Monday, August 15, 2022. Weber management will host a conference call at 7:30 a.m. CT that morning to discuss its financial results. Investors and analysts are invited to dial 833-927-1758 (international callers, please dial 929-526-1599) approximately 10 minutes before the start of the call. Please reference Conference ID 460992 when prompted. A live webcast of the conference call and supporting materials will be available on the Weber investor relations website, https://investors.weber.com.
Alan Matula Appointed Interim CEO Company Provides Preliminary Estimates for Fiscal Third Quarter 2022 Results; Will Report Final Fiscal Third Quarter 2022 Results on August 15, 2022 Weber to Pursue Financial Transformation Initiatives to Navigate the Sustained Challenging Macroeconomic Environment Weber Inc. ("Weber" or "the Company") (NYSE:WEBR), the global leader in outdoor cooking products, innovation, and technology, today announced that Alan Matula, the Company's current Chief Technology Officer, has been appointed interim Chief Executive Officer, effective immediately. Chris Scherzinger is departing from his roles on the management team and Board of Directors. A search for a perma
Sequential Gross Margin Improvement Reflects Significant Progress Against Inflationary Cost Headwinds Continued Execution Through Challenging Macroeconomic Environment Weber Inc. ("Weber" or "the Company") (NYSE:WEBR) today announced its financial results for the fiscal second quarter 2022, ending March 31, 2022. 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
Weber Inc. (NYSE:WEBR), the global leader in outdoor cooking innovation, technology, and products, announced today the Weber Board of Directors declared a cash dividend of $0.04 per share, payable in cash, on June 17, 2022, to holders of its Class A Common Stock as of the close of business on June 7, 2022. ABOUT WEBER INC. Weber Inc. headquartered in Palatine, Ill., is the world's leading barbecue brand. The Company's founder George Stephen, Sr., established the outdoor cooking category when he invented the original kettle charcoal grill nearly 70 years ago. Weber offers a comprehensive, innovative product portfolio, including charcoal, gas, pellet and electric grills, smokers, and access
Weber Inc. ("Weber") (NYSE:WEBR), the global leader in outdoor cooking innovation, technology, and products, today announced that it plans to release its fiscal second quarter 2022 financial results on Monday, May 16, 2022. Weber management will host a conference call at 7:30 a.m. CT that morning to discuss its financial results. Investors and analysts are invited to dial 844-200-6205 (international callers, please dial 929-526-1599) approximately 10 minutes before the start of the call. Please reference Conference ID 436320 when prompted. A live webcast of the conference call and supporting materials will be available on the Weber investor relations website, https://investors.weber.com. I
Strong Consumer Demand Sustains During Off-Season Proactive Management of Operating Environment Challenges Continues Executing on Profitable, Long-Term Growth Drivers Successfully Weber Inc. ("Weber" or "the Company") (NYSE:WEBR) today announced its financial results for the fiscal first quarter 2022, ending December 31, 2021. 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 meas
Weber Inc. ("Weber") (NYSE:WEBR), the global leader in outdoor cooking innovation, technology, and products, today announced that it plans to release its fiscal first-quarter 2022 financial results on Monday, February 14, 2022. Weber management will host a conference call at 7:30 a.m. CT that morning to discuss its financial results. Investors and analysts are invited to dial 844-200-6205 (international callers, please dial 929-526-1599) approximately 10 minutes before the start of the call. Please reference Conference ID 640895 when prompted. A live webcast of the conference call and supporting materials will be available on the Weber investor relations website, https://investors.weber.co
Citigroup upgraded Weber from Sell to Neutral and set a new price target of $8.05
Wells Fargo upgraded Weber from Underweight to Equal Weight and set a new price target of $6.25 from $4.00 previously
Citigroup downgraded Weber from Neutral to Sell and set a new price target of $2.75 from $7.00 previously
UBS downgraded Weber from Neutral to Sell and set a new price target of $4.00 from $8.00 previously
Wells Fargo downgraded Weber from Equal Weight to Underweight and set a new price target of $4.00
BofA Securities downgraded Weber from Neutral to Underperform and set a new price target of $5.00 from $9.00 previously
Goldman Sachs downgraded Weber from Buy to Neutral and set a new price target of $11.00
Wells Fargo reiterated coverage of Weber with a rating of Equal Weight and set a new price target of $11.00 from $14.00 previously
Citigroup reiterated coverage of Weber with a rating of Neutral and set a new price target of $12.00 from $14.00 previously
JP Morgan downgraded Weber from Overweight to Neutral and set a new price target of $9.50 from $13.00 previously