Welbilt (WBT) Tops Q3 EPS by 8c, Revenues Beat
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Welbilt Reports Third Quarter Operating Results
November 3, 2020 6:00 AM ESTNEW PORT RICHEY, Fla.--(BUSINESS WIRE)-- Welbilt, Inc. (NYSE: WBT), today announced financial results for its 2020 third quarter.
2020 Third Quarter Highlights (1)
Net sales were $298.5 million, a decrease of 27.3 percent from the prior year; Organic Net Sales (a non-GAAP measure) decreased 28.0 percent from the prior year Earnings from operations were $21.2 million compared to $54.8 million in the prior year; as a percentage of net sales, earnings from operations were 7.1 percent compared to 13.3 percent in the prior year Adjusted Operating EBITDA (a non-GAAP... More