Welbilt (WBT) Tops Q4 EPS by 1c, Revenues Miss; Offers FY20 EPS Guidance Below Consensus
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Welbilt Reports Fourth Quarter Operating Results
February 25, 2020 6:00 AM ESTTransformation Program Remains on Track to Deliver Targeted Savings
NEW PORT RICHEY, Fla.--(BUSINESS WIRE)-- Welbilt, Inc. (NYSE: WBT), today announced financial results for its 2019 fourth quarter.
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 percent Earnings 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... More