Welbilt Reports 2018 Fourth Quarter and Full Year Operating Results
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Welbilt, Inc. (WBT) PT Raised to $18 at Baird Following In-Line 4Q
February 20, 2019 8:59 AM ESTBaird analyst Mircea Dobre raised the price target on Welbilt, Inc. (NYSE: WBT) to $18.00 (from $17.00) while maintaining a Outperform rating following the company's 4Q. Adjusted EPS of $0.18 compared to $0.18 consensus, adjusted EBITDA of $72.7 million missed $73.8 million consensus.
Management introduced 2019 guidance for organic sales +2-5%,... More
Welbilt (WBT) Reports In-Line Q4 EPS, Revenues Beat; Offers FY19 EPS Guidance Below Consensus
February 19, 2019 6:08 AM ESTWelbilt (NYSE: WBT) reported Q4 EPS of $0.18, in-line with the analyst estimate of $0.18. Revenue for the quarter came in at $406.1 million versus the consensus estimate of $393.71 million.
Net sales were $406.1 million, an increase of 11.0 percent from prior year; Organic Net Sales increased 6.0 percentNet earnings were $24.3 million, a decrease of 63.7 percent; Adjusted Net Earnings were $25.4 million, a decrease of 33.2 percentDiluted net earnings per share were $0.17, a decrease of 63.8 percent; Adjusted Diluted Net Earnings Per Share were $0.18, a decrease of 30.8 percentEarnings from operations were $51.9 million, a decrease of 13.8 percent; as... More