The Miami Entrepreneur

Grill-maker Weber posts wider-than-expected Q4 loss and revenue that falls short of estimates

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Weber Inc. , the grill maker that announced it is being taken private by BDT Capital Partners earlier this week in a $3.7 billion deal, reported earnings for its fiscal fourth quarter on Wednesday, that showed a far wider-than-expected loss and revenue that fell far short of estimates. The company posted a net loss of $28.4 million, or 53 cents a share, for the quarter to Sept. 30, after a loss of $43.9 million, or 13 cents a share, in the year-earlier period. The FactSet consensus was for a loss of 18 cents. Sales fell 52% to $168.1 million from $350.2 million a year ago, below the FactSet consensus for $209 million. Sales fell 60% in the Americas, were down 54% in EMEA and up 10% in APAC. The stock was slightly lower premarket.

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