Page 1

Under Armour Reports First Quarter 2021 Results ; Raises Full Year Outlook UNDER ARMOUR NEWS PROVIDED BY Under Armour , Inc. → May 04 , 2021 , 06:55 ET BALTIMORE , May 4 , 2021 / PRNewswire / -- Under Armour , Inc. ( NYSE : UA , UAA ) today announced unaudited financial results for the first quarter ended March 31 , 2021. The company reports its financial performance in accordance with accounting principles generally accepted in the United States of America ( " GAAP " ) . This press release refers to " currency neutral " and " adjusted " amounts , which are non - GAAP financial measures described below under the " Non - GAAP Financial Information " paragraph . References to adjusted financial measures exclude the impact of the company's 2020 restructuring plan and related impairment charges , impairments associated with certain long - lived assets and goodwill and related tax effects , and with respect to certain measures , the non - cash amortization of debt discount on the company's convertible debt , and related tax effects . The reconciliation of non - GAAP amounts to the most directly comparable financial measure calculated according to GAAP is presented in supplemental financial information furnished with this release . All per share amounts are reported on a diluted basis . " Under Armour is off to an excellent start for the year . Our first - quarter results demonstrate that our improved operating model and investments we're making to amplify our connection with consumers are enabling us to deliver against strong demand for our brand , " said Under Armour President and CEO Patrik Frisk . " Additionally , with a solid balance sheet