Welbilt (WBT) Reports In-Line Q4 EPS, Revenues Beat; Offers FY19 EPS Guidance Below Consensus
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Welbilt Reports 2018 Fourth Quarter and Full Year Operating Results
February 19, 2019 6:00 AM ESTDelivers solid sales growth and improved cash generation over prior year; provides 2019 sales, margin and EPS guidance
NEW PORT RICHEY, Fla.--(BUSINESS WIRE)-- Welbilt, Inc. (NYSE: WBT), today announced financial results for its 2018 fourth quarter and annual periods.
2018 Fourth Quarter Highlights
Net sales were $406.1 million, an increase of 11.0 percent from prior year; Organic Net Sales increased 6.0 percent Net earnings were $24.3 million, a decrease of 63.7 percent; Adjusted Net Earnings were $25.4 million, a decrease of 33.2 percent... More