Milacron Holdings Corp. (MCRN) Tops Q1 EPS by 1c
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Milacron Holdings Corp. Reports First Quarter 2019 Results
April 30, 2019 7:00 AM EDTFirst quarter results met expectations and orders up 7% sequentially
2019 First Quarter Overview
Sales of $248.7 million decreased 13.9% on an as-reported basis and 10.5% on a constant currency basis Orders of $275.3 million decreased 10.8% on an as-reported basis and 7.6% on a constant currency basis Operating earnings (GAAP) increased 11.6% to $25.9 million; Adjusted EBITDA (non-GAAP) decreased 23.5% to $41.0 million Diluted EPS (GAAP) increased 44.4% to $0.13; Diluted adjusted EPS (non-GAAP) decreased 30.8% to $0.27 Cash flow from operations of $(4.6) million decreased $16.3 million, driving free cash flow of $(22.4) million, a $34.9 million... More