Manitowoc Foodservice (MFS) Reports Q4 EPS of $0.16
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Manitowoc Foodservice Reports Solid Fourth Quarter Operating Results
February 15, 2017 6:00 AM ESTA strong finish to 2016: Improved sales and savings from Simplification and Right-Sizing initiatives drive year-over-year margin improvement
NEW PORT RICHEY, Fla.--(BUSINESS WIRE)-- Manitowoc Foodservice, Inc. (NYSE: MFS), today announced financial results for its 2016 fourth quarter. Net sales in the fourth quarter were $378.7 million compared to $391.7 million in last years fourth quarter, a 3.3 percent decrease. Organic net sales in constant currency increased 5.1 percent versus last year's fourth quarter, with organic net sales increasing by 2.6 percent and excluding a 2.5 percent negative impact from foreign currency translation. For the year, net... More
