Traeger Inc

For the period ended Dec 31, 2024. Filed Mar 7, 2025.

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FY2024 · Filed Mar 7, 2025

COOK$65.35-9.6%Stored close · as of Nov 10, 2026

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Contents

Item 2. Properties

In December 2023, the Company moved into our new headquarters located in Salt Lake City, Utah, where we lease approximately 94,000 square feet of space under a lease that expires in 2037. Our headquarters are used for accounting and finance, sales and marketing, customer support, product development, and supply chain management functions.

We produce our wood pellets at wood pellet production facilities in Addison, New York; Molalla, Oregon; Sweet Home, Oregon; Menlo, Georgia; and Jasper, Texas. We own the land and buildings at facilities in Addison, New York and lease the land and buildings at the other facilities. The table below provides an overview of our wood pellet production facilities as of December 31, 2024.

	Addison,NY	Molalla,OR	SweetHome,OR	Menlo,GA	Jasper,TX
Raw Material Storage (sq. ft.)	5,000	12,000	6,500	5,400	8,000
Manufacturing Size (sq. ft.)	3,750	5,280	4,800	6,000	8,400
Warehousing Size (sq. ft.)	64,500	12,800	33,800	47,000	34,000
Average Production (tons of wood pellets per year) (1)	24,800	12,568	25,924	24,541	15,654
Maximum Production (tons of wood pellets per year)	54,338	19,924	59,772	39,848	19,924
Ownership	Owned	Leased	Leased	Leased	Leased
Lease End	—	2027	2029	2026	2035
Average Headcount (2)	20	10	13	15	11

(1)Based on actual production for the fiscal year ended December 31, 2024.

(2)Average headcount for the fiscal year ended December 31, 2024.

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