Welbilt Reports Fourth Quarter Operating Results
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Welbilt (WBT) Tops Q4 EPS by 1c, Revenues Miss; Offers FY20 EPS Guidance Below Consensus
February 25, 2020 6:04 AM ESTWelbilt (NYSE: WBT) reported Q4 EPS of $0.19, $0.01 better than the analyst estimate of $0.18. Revenue for the quarter came in at $381.8 million versus the consensus estimate of $398.75 million.
2019 Fourth Quarter Highlights (1)
Net sales were $381.8 million, a decrease of 6.0 percent from prior year; Organic Net Sales decreased 5.5 percentEarnings from operations were $37.4 million, a decrease of 27.9 percent from prior year; as a percent of net sales, earnings from operations were 9.8 percent, a decrease of 300 basis points from prior yearAdjusted Operating EBITDA was $71.2 million, a decrease of 2.1 percent from prior year; Adjusted... More