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Welbilt Reports Solid First Quarter Operating Results
May 8, 2017 6:00 AM EDTDelivers sales and margin growth over prior year; reaffirms full-year guidance
NEW PORT RICHEY, Fla.--(BUSINESS WIRE)-- Welbilt, Inc. (NYSE: WBT) today announced financial results for its 2017 first quarter.
2017 First Quarter Highlights
Net sales were $328.0 million, an increase of 0.8 percent; organic third party net sales growth was 2.7 percent Diluted earnings per share were $0.04; adjusted diluted earnings per share were $0.08 Earnings from operations were $35.0 million, an increase of 3.9 percent; as a percent of... More