Milacron Holdings Corp. (MCRN) Misses Q3 EPS by 2c, Revenues Miss

Milacron Holdings Corp. (NYSE: MCRN) reported Q3 EPS of $0.34, $0.02 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $250.3 million versus the consensus estimate of $284.8 million.

• Sales of $250.3 million decreased 11.5% on an as-reported basis, 10.2% on a constant currency basis
• Orders of $220.2 million decreased 14.0% on an as-reported basis and 12.7% on a constant currency basis
• Operating earnings (GAAP) decreased 39.5% to $19.3 million; Adjusted EBITDA (non-GAAP) decreased 16.0% to $45.1 million
• Diluted EPS (GAAP) decreased 68.4% to $0.06; Diluted adjusted EPS (non-GAAP) decreased 15.0% to $0.34
• Cash flow from operations of $11.0 million decreased $27.0 million, driving free cash flow of $12.1 million, a $16.9 million decrease versus $29.0 million from the prior year period
• We continue to face, and our results this quarter were impacted by, industry-wide headwinds, the effect of the global slowdown and the ongoing effects of the trade tension between the United States and China

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

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