Manitowoc Foodservice (MFS) Tops Q3 EPS by 3c; Trims FY16 Organic Sales Growth Outlook

Manitowoc Foodservice (NYSE: MFS) reported Q3 EPS of $0.20, $0.03 better than the analyst estimate of $0.17. Revenue for the quarter came in at $384 million versus the consensus estimate of $425.3 million.

Manitowoc Foodservice updated the following FY16 guidance items:

• Organic net sales growth: 0 percent to up 2 percent compared to 2015 organic net sales (previous range was up between 1 and 3 percent);
• Interest expense: now between $84 and $86 million (previous range was between $82 and $86 million);
• Capital expenditures: now between $16 and $20 million (previous range was between $23 and $27 million); and
• Debt reduction: now between $100 and $120 million (previous range was between $120 and $140 million).

For earnings history and earnings-related data on Manitowoc Foodservice (MFS) click here.

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