Manitowoc Foodservice (MFS) Misses Q2 EPS by 4c, Updates FY Guidance

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Go back to Manitowoc Foodservice (MFS) Misses Q2 EPS by 4c, Updates FY Guidance

Manitowoc Foodservice Reports Solid Second Quarter Results

August 11, 2016 6:00 AM EDT

Continued solid delivery of operating improvements; reconfirming full-year margin guidance; adjusting sales and EPS guidance for softness in QSR market and Brexit impact; announces more Right-Sizing in second half

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)-- Manitowoc Foodservice, Inc. (NYSE: MFS), today announced solid financial results for its 2016 second quarter. Net sales in the second quarter were $368.4 million compared to $407.7 million in last years second quarter, a 9.6 percent decrease. However, prior year second quarter net sales included $35.1 million from Kysor Panel Systems (KPS), which was sold in December 2015 and excluded $1.6 million from... More