Milacron Holdings Corp. (MCRN) Tops Q3 EPS by 1c, Revenues Miss
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Milacron Holdings Corp. Reports Third Quarter 2018 Results
October 25, 2018 6:30 AM EDTMargin expansion and increased cash flow generation highlight solid third quarter
2018 Third Quarter Overview
Sales of $308.3 million decreased 2.0% on an as-reported basis and 0.3% on a constant currency basis Orders of $269.6 million decreased 16.4% on an as-reported basis and 15.2% on a constant currency basis Operating earnings (GAAP) increased 11.4% to $33.2 million; Adjusted EBITDA (non-GAAP) decreased 1.2% to $56.6 million Diluted EPS (GAAP) of $0.21; Diluted adjusted EPS (non-GAAP) decreased 2.3% to $0.43 Cash flow from operations of $33.4 million increased $24.6 million, driving free cash flow of $24.2 million, a $24.5... More