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Milacron (MCRN) Q2 Earnings In Line, Sales Beat Estimates

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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
 
Milacron Holdings Corp. Price and EPS Surprise

Milacron Holdings Corp. price-eps-surprise | Milacron Holdings Corp. Quote

Earnings Estimates Revision: The earnings estimate revisions for Milacron has gone up 2% over the last 30 days. In the trailing four quarters, excluding quarter under review, the company’s earnings have surpassed the Zacks Consensus Estimate by an average of 10%

Zacks Rank: Currently, Milacron Holdings has a Zacks Rank #3 (Hold). But that could change following Milacron Holdings’ earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

 
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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