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Welbilt Inc (WBT.N)

WBT.N on New York Stock Exchange

12.98USD
7 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Welbilt Reports Q3 EPS of $0.19
Monday, 5 Nov 2018 06:13am EST 

Nov 5 (Reuters) - Welbilt Inc ::WELBILT REPORTS THIRD QUARTER OPERATING RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.25.Q3 EARNINGS PER SHARE $0.19.Q3 EARNINGS PER SHARE VIEW $0.28 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $0.73 TO $0.81.UPDATING FULL-YEAR SALES, MARGIN AND EPS GUIDANCE.QTRLY NET SALES WERE $412.9 MILLION, AN INCREASE OF 8.5 PERCENT FROM PRIOR YEAR.QTRLY ORGANIC NET SALES INCREASED 3.8 PERCENT.PLAN TO KEEP COST CONTROL MEASURES CO IMPLEMENTED IN Q3 IN PLACE THROUGH END OF YEAR.SEES FY NET SALES GROWTH BETWEEN 8.0 AND 10.0 PERCENT.DURING QUARTER, IMPLEMENTED ADDITIONAL COST CONTROL ACTIONS INCLUDING A SMALL REDUCTION IN FORCE.NOW EXPECT GENERAL MARKET IN AMERICAS TO REMAIN STABLE THROUGH YEAR-END & TO GRADUALLY IMPROVE IN 2019.IMPLEMENTED DISCRETIONARY COST REDUCTIONS IN QUARTER.FY2018 REVENUE VIEW $1.60 BILLION -- THOMSON REUTERS I/B/E/S."ANTICIPATE BETTER GENERAL MARKET CONDITIONS IN BOTH EMEA AND APAC" THROUGH YEAR-END.Q3 REVENUE VIEW $420.5 MILLION -- THOMSON REUTERS I/B/E/S.KITCHENCARE WILL HAVE A TOUGH COMPARABLE IN Q4 DUE TO LAST YEAR'S "STRONG FINISH".WELBILT - NET PRICING IMPROVEMENTS & HEDGING ACTIVITIES EXPECTED TO OFFSET IMPACTS FROM RISING FREIGHT COSTS & FROM TARIFFS ON RAW MATERIALS IN 2018.  Full Article

Welbilt Reports Q4 Earnings Per Share $0.47
Monday, 26 Feb 2018 06:00am EST 

Feb 26 (Reuters) - Welbilt Inc ::WELBILT REPORTS SOLID FOURTH QUARTER AND FULL YEAR OPERATING RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.26.Q4 EARNINGS PER SHARE $0.47.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $0.80 TO $0.90 INCLUDING ITEMS.Q4 SALES FELL 3.4 PERCENT TO $365.9 MILLION.SEES 2018 NET SALES GROWTH BETWEEN 7.0 PERCENT AND 10.0 PERCENT.Q4 RESULTS INCLUDED $45.5 MILLION TAX BENEFIT DUE TO EFFECTS OF REMEASUREMENT OF U.S. DEFERRED TAX ASSETS.Q4 EARNINGS PER SHARE VIEW $0.24, REVENUE VIEW $383.6 MILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $0.94 -- THOMSON REUTERS I/B/E/S.  Full Article

Welbilt To Acquire Crem International for About $224 Mln
Monday, 26 Feb 2018 05:45am EST 

Feb 26 (Reuters) - Welbilt Inc ::WELBILT ANNOUNCES AGREEMENT TO ACQUIRE CREM INTERNATIONAL.WELBILT INC - DEAL FOR APPROXIMATELY $224 MILLION.WELBILT INC - DEAL EXPECTED TO BE ACCRETIVE TO EARNINGS BEGINNING LATER IN 2018 AND BEYOND.WELBILT INC - ‍ ACQUISITION WILL BE FUNDED THROUGH CASH ON HAND AND EXISTING CREDIT LINES​.WELBILT - ‍ TO ACQUIRE 100 PERCENT OF SHARES OF AVAJ INTERNATIONAL HOLDING AB, WHICH IS MAJORITY OWNED BY PRIVEQ INVESTMENT FUND IV & SEB VENTURE CAPITAL​.  Full Article

Welbilt reports Q3 earnings per share $0.24
Monday, 6 Nov 2017 06:00am EST 

Nov 6 (Reuters) - Welbilt Inc :Welbilt reports solid third quarter operating results.Q3 adjusted earnings per share $0.23.Q3 earnings per share $0.24.Q3 sales $380.4 million versus I/B/E/S view $387.1 million.Q3 earnings per share view $0.24 -- Thomson Reuters I/B/E/S.Welbilt Inc - ‍reaffirming full-year 2017 guidance ranges for net sales growth, adjusted operating EBITDA margin and adjusted diluted net EPS​.Fy2017 earnings per share view $0.78, revenue view $1.47 billion -- Thomson Reuters I/B/E/S.  Full Article

Welbilt Inc entered into amendment to credit agreement on Sept 7, dated March 3, 2016
Wednesday, 13 Sep 2017 04:43pm EDT 

Sept 13 (Reuters) - Welbilt Inc :Welbilt Inc - on September 7, 2017, co entered into an amendment to credit agreement, dated as of March 3, 2016 - SEC filing.Welbilt -‍ Interest rate margins for term loan B reduced from 3% to 2.75% per annum for Eurocurrency loans ,from 2% to 1.75% per annum for ABR loans ​.  Full Article

Welbilt reports Q2 adjusted earnings per share $0.22
Wednesday, 9 Aug 2017 06:00am EDT 

Aug 9 (Reuters) - Welbilt Inc :Welbilt reports solid second quarter operating results.Q2 adjusted earnings per share $0.22.Q2 earnings per share $0.21.Q2 sales $371.1 million versus I/B/E/S view $367.3 million.Sees FY adjusted earnings per share $0.74 to $0.84.Q2 earnings per share view $0.18 -- Thomson Reuters I/B/E/S.‍increasing our full-year 2017 guidance ranges for net sales growth​.Sees ‍2017 net sales growth between -1.5 and +1.5 percent​.Sees 2017 ‍capital expenditures between $23 million and $28 million​.Welbilt - "‍we continue to expect end market conditions to remain good in general market and to slowly improve in large qsr and fast-casual markets​".  Full Article

Carl Icahn dissolves shared share stake in Allergan
Monday, 15 May 2017 05:59pm EDT 

May 15 (Reuters) - Carl Icahn::Carl Icahn dissolves share stake in Allergan Plc - sec filing.Carl Icahn takes shared share stake of 10.6 million shares in Welbilt Inc.Carl Icahn holdings cited is Icahn's shared share stake in the respective companies.Carl Icahn - change in holdings are as of March 31, 2017 and compared with the previous quarter ended as of Dec 31, 2016.  Full Article

Welbilt reports Q1 earnings per share $0.04
Monday, 8 May 2017 06:00am EDT 

May 8 (Reuters) - Welbilt Inc : :Welbilt reports solid first quarter operating results.Q1 adjusted earnings per share $0.08.Q1 earnings per share $0.04.Q1 sales $328 million versus I/B/E/S view $319.9 million.Reaffirming our full-year 2017 guidance ranges.Q1 earnings per share view $0.09 -- Thomson Reuters I/B/E/S.  Full Article

Welbilt promotes Haresh Shah to senior vice president and CFO
Monday, 1 May 2017 07:00am EDT 

May 1 (Reuters) - Welbilt Inc -:Welbilt promotes Haresh Shah to senior vice president and chief financial officer.Welbilt Inc - Shah replaces John Stewart, who will be retiring on May 5.  Full Article

Welbilt Inc reprices $825 million senior secured Term Loan B facility
Monday, 6 Mar 2017 04:01pm EST 

Welbilt Inc : Welbilt reprices $825 million senior secured Term Loan B facility .Says new rate of loan facility is LIBOR plus 300 basis points, subject to 1 percent LIBOR floor.  Full Article

CNH Industrial names Welbilt boss as its new chief executive

MILAN, Aug 9 Trucks and tractor maker CNH Industrial has appointed Hubertus Muhlhauser as its new chief executive to succeed long-time boss Richard Tobin who resigned earlier this year.