Welbilt (WBT) Misses Q3 EPS by 3c, Offers FY Guidance

Welbilt (NYSE: WBT) reported Q3 EPS of $0.25, $0.03 worse than the analyst estimate of $0.28. Revenue for the quarter came in at $412.9 million versus the consensus estimate of $420.53 million.

GUIDANCE:

Welbilt sees FY2018 EPS of $0.73-$0.81, versus the consensus of $0.88.

• Net sales growth: between 8.0 and 10.0 percent (organic +3.0 to +5.0 percent, acquisition +4.0 percent, foreign currency translation +1.0 percent)
• Adjusted Operating EBITDA margin: between 18.1 and 19.1 percent including a 20 basis point negative impact from the Crem acquisition

For earnings history and earnings-related data on Welbilt (WBT) click here.

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