Welbilt (WBT) Misses Q1 EPS by 4c, Revenues Beat; Confirms FY19 EPS Mid-Point Guidance Below Cosnensus
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Welbilt Reports First Quarter Operating Results
May 7, 2019 6:00 AM EDTDelivers solid sales growth in Q1; reiterating 2019 full-year guidance
NEW PORT RICHEY, Fla.--(BUSINESS WIRE)-- Welbilt, Inc. (NYSE: WBT), today announced financial results for its 2019 first quarter.
2019 First Quarter Highlights
Net sales were $375.3 million, an increase of 7.1 percent from prior year; Organic Net Sales increased 3.5 percent Earnings from operations were $24.5 million, a decrease of 41.1 percent; as a percent of net sales, earnings from operations were 6.5 percent, a decrease of 540 basis points... More