Milacron Holdings Corp. manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry reported second-quarter fiscal 2018 results, wherein adjusted earnings of 48 cents came in line with the Zacks Consensus Estimate.
Revenue: Milacron Holdings posted revenues of $328 million, ahead of the Zacks Consensus Estimate for revenues of $322 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 guided adjusted EBITDA at $237-$240 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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Milacron Holdings Corp. Price and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>