Manitowoc Foodservice (MFS) Tops Q1 EPS by 3c; Guides FY16 EPS Midpoint Above Views
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Manitowoc Foodservice Reports Solid First Quarter Results
May 12, 2016 6:00 AM EDTConstant Currency Organic Sales Increase of 3.1 Percent and 710 Basis Point Adjusted EBITDA Margin Improvement Generate $0.15 Adjusted EPS in Q1
NEW PORT RICHEY, Fla.--(BUSINESS WIRE)-- Manitowoc Foodservice, Inc. (NYSE: MFS), today announced its financial results for its 2016 first quarter. Net sales in the first quarter were $325.5 million compared to $345.4 million in last years first quarter, a 5.8 percent decrease. Prior year sales included $25.5 million from Kysor Panel Systems (KPS), which was sold in December 2015 and excluded $2.2 million from Welbilt Manufacturing (Thailand), Ltd. (Welbilt), previously a 50 percent-owned joint venture of which we... More
