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 December 17, 2021, to holders of its Class A
Common Stock as of the close of business on December 7, 2021.
“The initiation of a common stock dividend reflects our
commitment to delivering value to our shareholders and the
confidence we have in the performance and prospects of our global
business,” said Chris Scherzinger, Chief Executive Officer of
Weber.
“Our ability to generate strong free cash flow allows us to
return capital to shareholders while continuing to invest in the
business to drive long-term growth,” said Bill Horton, Chief
Financial Officer of Weber. “We are focused on maintaining our
solid financial track record, while driving forward our strategic
value-creation initiatives.”
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 charcoal grill nearly 70 years ago. Weber offers a
comprehensive, innovative product portfolio, including charcoal,
gas, pellet and electric grills, smokers, and accessories designed
to help outdoor cooking enthusiasts discover what’s possible.
Earlier this year, the company acquired June Life Inc., a smart
appliance and technology company, to accelerate the development of
its Weber Connect™ technology and digital products. Weber offers
its barbecue grills and accessories, services, and experiences to a
passionate community of millions across 78 countries.
Weber Connect™ is a trademark of Weber-Stephen Products LLC.
FORWARD-LOOKING STATEMENTS
This press release contains various “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995, which represent Weber’s expectations or beliefs concerning
future events. In some cases, you can identify these statements by
forward-looking words such as “may,” “might,” “will,” “should,”
“expects,” “plans,” “anticipates,” “believes,” “estimates,”
“predicts,” “potential” or “continue,” the negative of these terms
and other comparable terminology. These forward-looking statements,
which are subject to risks, uncertainties and assumptions about us,
may include projections of our future financial performance, our
anticipated growth strategies and anticipated trends in our
business. These statements are only predictions based on our
current expectations and projections about future events.
There are important factors that could cause our actual results,
level of activity, performance or achievements to differ materially
from the results, level of activity, performance or achievements
expressed or implied by the forward-looking statements, including
those factors discussed in the section titled “Risk Factors” in our
Registration Statement (Registration No. 333-257824) on Form
S-1.
Our future results could be affected by a variety of other
factors, including uncertainty of the magnitude, duration,
geographic reach, impact on the global economy and current and
potential travel restrictions of the COVID-19 outbreak, the
current, and uncertain future, impact of the COVID-19 outbreak on
our business, growth, reputation, prospects, financial condition,
operating results (including components of our financial results),
and cash flows and liquidity, risks relating to any unforeseen
changes to or effects on liabilities, future capital expenditures,
revenues, expenses, earnings, synergies, indebtedness, financial
condition, losses and future prospects, the ability to realize the
anticipated benefits and synergies from business acquisitions in
the amounts and at the times expected, the impact of competitive
conditions, the effectiveness of pricing, advertising, and
promotional programs; the success of innovation, renovation and new
product introductions; the recoverability of the carrying value of
goodwill and other intangibles, the success of productivity
improvements and business transitions, commodity and energy prices,
transportation costs, labor costs, disruptions or inefficiencies in
supply chain, the availability of and interest rates on short-term
and long-term financing, the levels of spending on systems
initiatives, properties, business opportunities, integration of
acquired businesses, and other general and administrative costs,
changes in consumer behavior and preferences, the effect of U.S.
and foreign economic conditions on items such as interest rates,
statutory tax rates, currency conversion and availability, legal
and regulatory factors including the impact of any product recalls;
and business disruption or other losses from war, pandemic,
terrorist acts or political unrest.
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version on businesswire.com: https://www.businesswire.com/news/home/20211103006274/en/
INVESTOR RELATIONS: investors@weber.com Brian Eichenlaub, Vice
President, Investor Relations & Treasurer
MEDIA: media@weber.com Kristina Peterson-Lohman, Senior
Director, Global Communications
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