Welbilt Reports Third Quarter Operating Results
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Welbilt (WBT) Tops Q3 EPS by 8c, Revenues Beat
November 3, 2020 6:08 AM ESTWelbilt (NYSE: WBT) reported Q3 EPS of $0.07, $0.08 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $298.5 million versus the consensus estimate of $272.64 million.
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 yearEarnings from operations were $21.2 million compared to $54.8 million in the prior... More