Welbilt Reports Fourth Quarter Operating Results
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Welbilt (WBT) Tops Q4 EPS by 12c, Revenues Beat
February 25, 2021 6:07 AM ESTWelbilt (NYSE: WBT) reported Q4 EPS of $0.15, $0.12 better than the analyst estimate of $0.03. Revenue for the quarter came in at $320 million versus the consensus estimate of $288.66 million.
2020 Fourth Quarter Highlights (1)
Net sales were $320.0 million, a decrease of 16.2 percent from the prior year; Organic Net Sales (a non-GAAP measure) decreased 17.6 percent from the prior yearEarnings from operations were $40.6 million compared to $37.4 million in the prior year; as a percentage of net sales, earnings from operations were 12.7 percent compared to 9.8 percent in the prior yearAdjusted Operating EBITDA (a non-GAAP measure) was $60.0... More