Weber Inc.
| General Information | |
| Business: | We are the leading outdoor cooking company with the strongest and most trusted brand in the global outdoor cooking market. Our founder George Stephen, Sr., established the outdoor cooking category when he invented the original charcoal grill in 1952. In the decades since, we have built a loyal and global following of both grilling enthusiasts and barbeque professionals in backyards all around the world. We have continuously disrupted and led the outdoor cooking category, through a comprehensive and expanding product portfolio, including traditional charcoal grills, gas grills, smokers, wood pellet and electric grills, and recently our cutting-edge Weber Connect™ technology-enabled grills. We believe we offer the most complete outdoor cooking portfolio globally, with our full range of premium products sold in 78 countries in fiscal 2020. We believe Weber is the only outdoor cooking brand with global scale and a vertically integrated manufacturing platform. Our track record of premium product innovation and the strength of our brand has led to a market-leading share of 23% in the U.S. and 24% globally in 2020, according to Frost & Sullivan. We are leaders in the largest and most attractive markets in outdoor cooking, including the U.S., Germany, Australia, Canada and France. Beyond these markets, we estimate that we have either the No. 1 or No. 2 brand position in each of the key geographies we serve. (Weber, Inc., priced its IPO on Aug. 4, 2021, at $14 – below its $15-to-$17 price range – and slashed the number of shares to 17.86 million shares, down from 46.9 million shares in the prospectus, to raise $250 million.)
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| Industry: | Household Appliances - Grills |
| Employees: | 2156 |
| Founded: | 1952 |
| Contact Information | |
| Address | 1415 S. Roselle Road Palatine, Illinois 60067 |
| Phone Number | (847) 934-5700 |
| Web Address | http://www.weber.com/ |
| View Prospectus: | Weber Inc. |
| Financial Information | |
| Market Cap | $4559.04mil |
| Revenues | $1892.0 mil (last 12 months) |
| Net Income | $139.07 mil (last 12 months) |
| IPO Profile | |
| Symbol | WEBR |
| Exchange | NYSE |
| Shares (millions): | 17.9 |
| Price range | $14.00 - $14.00 |
| Est. $ Volume | $250.0 mil |
| Manager / Joint Managers | Goldman Sachs/ BofA Securities/ J.P. Morgan/ BMO Capital Markets/ Citigroup/ UBS Investment Bank/ Wells Fargo Securities/ KeyBanc Capital Markets |
| CO-Managers | Academy Securities/ Cabrera Capital Markets/ Siebert Williams Shank/ Telsey Advisory Group |
| Expected To Trade: | 8/5/2021 |
| Status: | Priced |
| Quiet Period Expiration Date: | Available only to Subscribers |
| Lock-Up Period Expiration Date: | Available only to Subscribers |
| SCOOP Rating | Available only to Subscribers |
| Rating Change | Available only to Subscribers |