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.
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 clans. Milacron’s cost-reduction initiatives will aid margins. Margin expansion will also be driven by active organizational design and cost-reduction initiatives. However, currency translation risk and pricing pressure in the APPT segment remain headwinds.
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 were revised downward prior to the earnings release. The Zacks Consensus Estimate declined 3% over the last 30 days and currently stands at 32 cents for the first quarter.
In the past four quarters, the company managed to beat the Zacks Consensus Estimate on 3 occasions. 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 32 cents in the first quarter 2017, in line with the Zacks Consensus Estimate. Earnings per share rose 18.5% year over year from 27 cents recorded in the first quarter of 2016.
Revenue: Milacron Holdings posted revenues of $285 million, ahead of the Zacks Consensus Estimate for revenues of $268 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 #3 (Hold). 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!
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>
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Milacron (MCRN) Q1 Earnings in Line, Revenues Beat Estimates
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.
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 clans. Milacron’s cost-reduction initiatives will aid margins. Margin expansion will also be driven by active organizational design and cost-reduction initiatives. However, currency translation risk and pricing pressure in the APPT segment remain headwinds.
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 were revised downward prior to the earnings release. The Zacks Consensus Estimate declined 3% over the last 30 days and currently stands at 32 cents for the first quarter.
In the past four quarters, the company managed to beat the Zacks Consensus Estimate on 3 occasions. 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 32 cents in the first quarter 2017, in line with the Zacks Consensus Estimate. Earnings per share rose 18.5% year over year from 27 cents recorded in the first quarter of 2016.
Revenue: Milacron Holdings posted revenues of $285 million, ahead of the Zacks Consensus Estimate for revenues of $268 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 #3 (Hold). 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!
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>