Welbilt Reports Second Quarter Operating Results
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Welbilt (WBT) Tops Q2 EPS by 20c, Revenues Beat
August 4, 2020 6:11 AM EDTWelbilt (NYSE: WBT) reported Q2 EPS of $0.07, $0.20 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $206 million versus the consensus estimate of $205.2 million.
2020 Second Quarter Highlights (1)
Net sales were $206.0 million, a decrease of 51.7 percent from the prior year; Organic Net Sales (a non-GAAP measure) decreased 51.2 percent from the prior yearEarnings from operations were $0.7 million compared to $57.2 million in the prior year; as a percentage of net sales, earnings from operations were 0.3 percent compared to 13.4 percent in the prior yearAdjusted Operating EBITDA (a non-GAAP measure) was $19.8... More