Milacron Holdings Corp. manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in North America, Europe, Asia, and internationally.
The company delivered adjusted earnings per share of 40 cents in first-quarter 2018, ahead of the Zacks Consensus Estimate of 39 cents. Earnings per share rose 25% year over year.
Revenue: Milacron Holdings posted revenues of $310 million, ahead of the Zacks Consensus Estimate for revenues of $299 million.
Outlook: Milacron Holdings maintained its organic sales growth in guidance at 2-4% for fiscal 2018, which included an anticipated benefit of 1% from foreign currency translation. The company also guided adjusted EBITDA at $237-$243 million for the full year.
Milacron Holdings Corp. Price and EPS Surprise
Market Reaction: Milacron Holdings’ shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this Milacron Holdings earnings report later!
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