Welbilt (WBT) Reports In-Line Q1 EPS, Revenues Beat
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Welbilt Reports First Quarter Operating Results
May 5, 2020 6:00 AM EDTNEW PORT RICHEY, Fla.--(BUSINESS WIRE)-- Welbilt, Inc. (NYSE: WBT), today announced financial results for its 2020 first quarter.
2020 First Quarter Highlights (1)
Net sales were $328.9 million, a decrease of 12.4 percent from the prior year; Organic Net Sales decreased 11.6 percent Earnings from operations were $0.6 million compared to $24.5 million in the prior year; as a percent of net sales, earnings from operations were 0.2 percent compared to 6.5 percent in the prior Adjusted Operating EBITDA was $45.5 million, a decrease of 9.2 percent from... More