Milacron Holdings Corp. (MCRN) Tops Q4 EPS by 14c
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Milacron Holdings Corp. Reports Fourth Quarter & Full Year 2016 Results
February 23, 2017 7:00 AM ESTFourth Quarter 2016:
Sales of $289.1 million decreased 4.1% on a constant currency basis (-5.3% organic, 1.2% acquisition) Operating earnings (GAAP) were $8.8 million; Adjusted EBITDA (non-GAAP) of $53.6 million, or 18.5% of sales Diluted EPS (GAAP) of $0.02; Diluted adjusted EPS (non-GAAP) of $0.47 Cash flow from operations of $55.4 million drove free cash flow of $29.2 million, a $13.0 million increase versus$16.2 million in the prior yearFull Year 2016:
Sales of $1,166.7 million increased 0.4% on a constant currency basis (-1.3% organic, 1.7% acquisition) Operating earnings (GAAP) were $105.6 million;... More