Milacron Holdings Corp. (MCRN) Tops Q3 EPS by 2c, Beats on Revenues

Milacron Holdings Corp. (NYSE: MCRN) reported Q3 EPS of $0.44, $0.02 better than the analyst estimate of $0.42. Revenue for the quarter came in at $314.7 million versus the consensus estimate of $301.13 million.

2017 Revised Outlook

Milacron forecasts 3.0% to 3.5% organic sales growth in 2017, which is in line with current market conditions. Adjusted EBITDA is forecasted to be between $222 million and $224 million. Free Cash Flow before restructuring is forecasted to be between $80 million and $90 million.

2017 Third Quarter Overview

• Sales of $314.7 million increased 7.7% on an as-reported basis and 6.1% on a constant currency basis
• Orders of $322.3 million increased 13.4% on an as-reported basis and 11.3% on a constant currency basis
• Operating earnings (GAAP) increased 1.7% to $29.6 million; Adjusted EBITDA (non-GAAP) increased 5.5% to $57.3 million
• Diluted EPS (GAAP) increased 70.0% to $0.17; Diluted adjusted EPS (non-GAAP) increased 22.2% to $0.44
• Cash flow from operations of $8.8 million decreased $2.6 million, driving free cash flow of $(0.3) million, a $1.8 million decrease versus $1.5 million from the prior year

For earnings history and earnings-related data on Milacron Holdings Corp. (MCRN) click here.

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