Welbilt (WBT) Misses Q3 EPS by 3c, Offers FY Guidance
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Welbilt Reports Third Quarter Operating Results
November 5, 2018 6:13 AM ESTDelivers solid sales growth over prior year; updating full-year sales, margin and EPS guidance
NEW PORT RICHEY, Fla.--(BUSINESS WIRE)-- Welbilt, Inc. (NYSE: WBT), today announced financial results for its 2018 third quarter.
2018 Third Quarter Highlights
Net sales were $412.9 million, an increase of 8.5 percent from prior year; Organic Net Sales increased 3.8 percent Net earnings were $26.8 million, a decrease of 12.7 percent; Adjusted Net Earnings were $35.2 million, an increase of 14.3 percent Diluted net earnings per share were... More