Milacron Holdings Corp. (MCRN) Misses Q3 EPS by 2c, Revenues Miss
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Milacron Holdings Corp. Reports Third Quarter 2019 Results
November 12, 2019 4:15 PM EST2019 Third Quarter Overview
Sales of $250.3 million decreased 11.5% on an as-reported basis, 10.2% on a constant currency basis Orders of $220.2 million decreased 14.0% on an as-reported basis and 12.7% on a constant currency basis Operating earnings (GAAP) decreased 39.5% to $19.3 million; Adjusted EBITDA (non-GAAP) decreased 16.0% to $45.1 million Diluted EPS (GAAP) decreased 68.4% to $0.06; Diluted adjusted EPS (non-GAAP) decreased 15.0% to $0.34 Cash flow from operations of $11.0 million decreased $27.0 million, driving free cash flow of $12.1 million, a $16.9 million decrease... More