Welbilt (WBT) Tops Q1 EPS by 5c, Revenues Beat
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Welbilt Reports 2021 First Quarter Operating Results
May 6, 2021 6:00 AM EDTNEW PORT RICHEY, Fla.--(BUSINESS WIRE)-- Welbilt, Inc. (NYSE: WBT), today announced financial results for its 2021 first quarter.
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 year Earnings 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 year Adjusted Operating EBITDA (a non-GAAP... More