Welbilt Reports 2021 First Quarter Operating Results
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Welbilt (WBT) Tops Q1 EPS by 5c, Revenues Beat
May 6, 2021 6:15 AM EDTWelbilt (NYSE: WBT) reported Q1 EPS of $0.08, $0.05 better than the analyst estimate of $0.03. Revenue for the quarter came in at $316.8 million versus the consensus estimate of $291.19 million.
2021 First Quarter Highlights (1)
Net sales were $316.8 million, a decrease of 3.7 percent from the prior year; Organic Net Sales (a non-GAAP measure) decreased 6.0 percent from the prior yearEarnings from operations were $31.5 million compared to $0.6 million in the prior year; as a percentage of net sales, earnings from operations were 9.9 percent compared to 0.2 percent in the prior yearAdjusted Operating EBITDA (a non-GAAP measure) was $49.8... More