Core Insights - Utz Brands has acquired Insignia International's direct-store delivery (DSD) network in California to enhance its distribution capabilities in the largest salty snack market in the U.S., valued at $4.1 billion [2][3] - The company reported a 3.4% growth in both reported and organic sales for Q3, achieving $377.8 million in revenue, with a volume/mix increase of 4.5% and a pricing decline of 1.1% [4][5] Acquisition Details - The DSD acquisition includes routes across California and the Midwest, along with select related assets, although financial terms were not disclosed [2][3] - This acquisition builds on previous deals, including one with National Food Corp. that added 65 routes in South Florida and 21 routes in central Florida [4] Financial Performance - The branded salty snacks segment, which is the largest revenue contributor, saw organic sales growth of 5.8%, while non-branded and non-salty snacks experienced a 13.1% decline [5] - Utz raised its full-year organic sales growth guidance to 3% from 2.5%, driven by stronger revenue trends [5] - The company reported a net loss of $20.2 million for the quarter, compared to a profit of $0.8 million a year earlier, while adjusted net income rose 13.2% to $33.5 million [6] - EBITDA fell 22% to $23.8 million, but adjusted EBITDA increased by 11.7% to $60.3 million [6] - Diluted earnings per share showed a loss of $0.17, while adjusted EPS climbed 9.5% to $0.23 [6]