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Milacron (MCRN) Q2 Earnings Beat Estimates, Affirms Outlook
July 27, 2017

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Milacron Holdings Corp. (MCRN - Free Report) manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in North America, Europe, Asia, and internationally.

Milacron’s revenue growth will be driven by rising demand from plastics in many markets, geographic expansion of certain product lines and solid order growth. The company’s breakthrough Klear Can technology will be a game changer given its edge over traditional metal cans. Milacron’s cost-reduction initiatives will aid margins.

We have highlighted some of the key stats from this just revealed announcement below:

Estimate Trend & Surprise History: Investors should note that the earnings estimate revisions for Milacron Holdings has remained stabled prior to the earnings release. The Zacks Consensus Estimate currently stands at 41 cents for the second quarter.

In the past four quarters, the company managed to beat the Zacks Consensus Estimate on 2 occasions and came in line in one quarter. The company has an average positive surprise of 9.23%.

Milacron Holdings Corp. Price and EPS Surprise
 

Milacron Holdings Corp. Price and EPS Surprise | Milacron Holdings Corp. Quote

Earnings: Milacron Holdings delivered adjusted earnings per share of 46 cents in the second quarter 2017, ahead of the Zacks Consensus Estimate of 41 cents. Earnings per share rose 12.2% year over year from 41 cents recorded in the second quarter of 2016.

Revenue: Milacron Holdings posted revenues of $309.2 million, ahead of the Zacks Consensus Estimate for revenues of $306 million.

Key Developments to Note: Milacron Holdings reaffirmed its 2017 organic sales growth guidance range of 0% and 2% and adjusted EBITDA in the range of $219 to $225 million for the full year.

Zacks Rank: Currently, Milacron Holdings has a Zacks Rank #2 (Buy). But that could change following Milacron Holdings’ earnings report which was just released.

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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