Milacron Holdings Corp. (MCRN) Tops Q3 EPS by 1c, Revenues Miss

Milacron Holdings Corp. (NYSE: MCRN) reported Q3 EPS of $0.43, $0.01 better than the analyst estimate of $0.42. Revenue for the quarter came in at $308.3 million versus the consensus estimate of $319.78 million.

“Milacron continued to execute on its long-term growth initiatives and delivered another solid quarter including solid sales, continued margin expansion and free cash flow generation," said Milacron Chief Executive Officer, Tom Goeke. "These results are in spite of the continued geopolitical uncertainty the U.S. tariff initiatives have introduced to our global end markets."

Milacron Chief Financial Officer, Bruce Chalmers, added, "We continue to strengthen our balance sheet by making voluntary debt payments on our term loan. Through the third quarter, we have paid down $75 million of debt and we expect to pay down an additional $25 million during the fourth quarter of 2018. "

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

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