Welbilt (WBT) Tops Q4 EPS by 12c, Revenues Beat
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Welbilt Reports Fourth Quarter Operating Results
February 25, 2021 6:00 AM ESTNEW PORT RICHEY, Fla.--(BUSINESS WIRE)-- Welbilt, Inc. (NYSE: WBT), today announced financial results for its 2020 fourth quarter.
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 year Earnings 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 year Adjusted Operating EBITDA (a non-GAAP... More