Milacron reports on Q3 2017 results
Based on better-than-expected financial performance in the third quarter of 2017, Milacron Holdings Corp., Cincinnati, has revised its sales guidance upward. Highlights from the quarter ending Sept. 30 include:
• New orders totaling $322.3 million (up 11.3 percent);
• Sales of $314.7 million (up 7.7 percent as reported, up 6.1 percent on a constant-currency basis);
• Operating earnings of $29.6 million (up 1.7 percent); and
• Adjusted earning before interest, taxes, depreciation and amortization (EBITDA) of $57.3 million (up 5.5 percent).
“With regard to guidance, we are raising our full-year organic guide from 3 percent to 3.5 percent, with adjusted EBITDA between $222 million to $224 million,” said Milacron CFO Bruce Chalmers.
Milacron supplies injection molding machines, extruders, blow molding machines, mold technologies and other products for plastics processing.