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Weber Appoints CTO Alan Matula As Interim CEO

RTTNews | 1010 dagar sedan

Weber Appoints CTO Alan Matula As Interim CEO

(RTTNews) - Weber Inc. (WEBR) announced Monday that Chief Technology Officer Alan Matula has been appointed interim Chief Executive Officer, effective immediately. CEO Chris Scherzinger is departing from his roles on the management team and Board of Directors. A search for a permanent CEO will commence immediately.

Matula brings more than 40 years of experience to the role of interim Chief Executive Officer. He has served as Chief Information Officer at Weber since 2015 and was named Chief Technology Officer in March of this year. Prior to Weber, Matula served as Chief Information Officer for Royal Dutch Shell plc.

Weber also announced the below preliminary estimates for results for the third quarter. It now expects net sales for the quarter in a range of $525 million to $530 million. It also expects to report net loss for the quarter.

As a result of the uncertainty created by the previously referenced market factors, the Company is withdrawing its fiscal year 2022 Net Sales and Adjusted EBITDA guidance.

The Weber Board of Directors has also suspended the quarterly cash dividend and is committed to working with lending partners to remain in compliance with the covenants in its credit facilities.

Taggar: WEBR

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Weber Q4 Net Loss Widens; Sales Down 52%

Weber Q4 Net Loss Widens; Sales Down 52%

Barbeque brand Weber Inc. (WEBR) reported Wednesday that net loss for the fourth quarter widened to $152.12 million or $0.53 per share from $86.07 million or $0.13 in the prior-year quarter.

RTTNews | 868 dagar sedan

Thai Central Bank Cuts Rate By 25 Bps

Thai Central Bank Cuts Rate By 25 Bps

The Bank of Thailand reduced its benchmark interest rate by a quarter-point, as expected, to withstand the downside risks to the growth outlook amid the heightened uncertainty posed by trade policies of major economies. The Monetary Policy Committee voted 5-2 to cut the policy rate to 1.75 percent from 2.00 percent. Two members voted to maintain the interest rate at 2.00 percent.

RTTNews | 7 minuter sedan

Yen Falls On Trade Deal Hopes

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The Japanese yen weakened against other major currencies in the European session on Wednesday as European stock markets traded higher amid expectations of a potential trade deal with the United States.

RTTNews | 1h 2minuter sedan

UK Stocks Turning In Mixed Performance; FTSE 100 Up Marginally At Noon

UK Stocks Turning In Mixed Performance; FTSE 100 Up Marginally At Noon

The U.K. market is up marginally around noon on Wednesday, extending is long winning streak, amid easing worries about trade tensions. Investors are also digesting a fresh batch of earnings updates, and data showing a bigger than expected drop in house prices.

RTTNews | 1h 23minuter sedan

Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the European session on Wednesday.

RTTNews | 1h 41minuter sedan

CAC 40 Up Over 0.5% As Stocks Move Higher On Results, Easing Trade Tensions

CAC 40 Up Over 0.5% As Stocks Move Higher On Results, Easing Trade Tensions

French stocks are up in positive territory on Wednesday, with investors digesting a slew of earnings announcements and regional economic data, and picking up stocks amid easing concerns about trade tensions.

RTTNews | 1h 50minuter sedan

Australian Dollar Rises On CPI Data

Australian Dollar Rises On CPI Data

The Australian dollar strengthened against other major currencies in the Asian session on Wednesday, following the release of a slight firmer than expected consumer price data.

RTTNews | 2h 0minuter sedan

Sensex, Nifty End Choppy Session Marginally Lower

Sensex, Nifty End Choppy Session Marginally Lower

Indian shares swung between gains and losses before ending marginally lower on Wednesday due to trade-related uncertainties and rising tensions on the borders with Pakistan.

RTTNews | 2h 7minuter sedan

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