Edition:
United States

Welbilt Inc (WBT.N)

WBT.N on New York Stock Exchange

22.70USD
19 Jul 2018
Change (% chg)

$0.16 (+0.71%)
Prev Close
$22.54
Open
$22.50
Day's High
$22.74
Day's Low
$22.42
Volume
154,168
Avg. Vol
206,626
52-wk High
$23.85
52-wk Low
$18.34

Latest Key Developments (Source: Significant Developments)

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

Manitowoc Foodservice/Welbilt announces retirement of CFO
Tuesday, 21 Feb 2017 07:30am EST 

Manitowoc Foodservice Inc : Manitowoc Foodservice/Welbilt announces retirement of chief financial officer . Manitowoc Foodservice Inc says John Stewart, senior vice president and chief financial officer will retire by end of April 2017 . Manitowoc Foodservice Inc says company has initiated a search for John's successor and will consider both internal and external candidates . Manitowoc Foodservice Inc says is changing its name to Welbilt Inc, effective March 6 .Manitowoc Foodservice Inc says John has agreed to stay on until end of April to assist in search for his replacement and ensure a smooth transition.  Full Article

BRIEF-Welbilt Reports Q1 Adjusted Earnings Per Share Of $0.15

* Q1 EARNINGS PER SHARE VIEW $0.11 -- THOMSON REUTERS I/B/E/S