Benzinga | Dec 8, 2021 09:48AM EST

Weber Q4 Earnings Beat Wall Street View

* Weber Inc (NYSE:WEBR) reported a fourth-quarter FY21 sales decline of 5% year-on-year, to $350 million, beating the analyst consensus of $336.1 million.

* Sales in the Americas decreased 9% Y/Y, EMEA rose 1%, and APAC climbed 3%.

* The gross margin contracted by 780 basis points Y/Y to 30.2%.

* Selling, general and administrative expenses rose 30.8% Y/Y to $183.1 million.

* The operating loss for the quarter widened to $(82.6) million. Adjusted EBITDA loss was $(14.1) million.

* EPS loss was $(0.13) beat the consensus estimate of $(0.18).

* Weber held $107.5 million in cash and equivalents as of September 30, 2021. Net cash provided by operating activities for the twelve months totaled $54.1 million.

* "We remain committed to driving profitable growth in 2022, and to delivering strong and reliable financial results for our shareholders," said CEO Chris Scherzinger.

* Price Action: WEBR shares are trading higher by 0.23% at $13.54 on the last check Wednesday.