Welbilt Reports Second Quarter Operating Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/12/2026
- Wall St set to gain on tech rebound, Middle East in focus
- SpaceX prices historic IPO at $135/share in largest ever new listing
- Oil drops as Trump cancels planned strikes against Iran
- Intel rallies as BofA double-upgrades stock on increased CPU, foundry visibility
- Oppenheimer sees little strategic case for Tesla-SpaceX merger
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Adobe CFO Dan Durn to depart company in June 2026
- Oppenheimer Starts SpaceX (SPCX) at Outperform, PT $190, 'space infrastructure appears structurally advantaged'
- Pentagon reportedly locked down, hazmat teams responding
- Axsome Therapeutics (AXSM) PT Raised to $380 at Jefferies
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