Unfortunately for some shareholders, the Welbilt (NYSE:WBT) share price has dived 34% in the last thirty days. Given...
Financial covenants on $400 million revolver amended to provide compliance relief due to impact from COVID-19 pandemic.
As the coronavirus pandemic has taken hold of the U.S., countless businesses have been forced to close and lay off or furlough workers. Nationwide unemployment claims continue to rise to over 16 million as another 6.
Ladies and gentlemen, thank you for standing by, and welcome to the Welbilt, Inc. 2020 Q1 Earnings Call. Joining me on the call today is Bill Johnson, our President and Chief Executive Officer, and Marty Agard, our Chief Financial Officer.
Q1 2020 Welbilt Inc Earnings Call
Shares of Welbilt (NYSE:WBT) were flat in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share were down 80.00% over the past year to $0.01, which were in line with the estimate of $0.01.Revenue of $328,900,000 less by 12.36% year over year, which beat the estimate of $325,520,000.Guidance Welbilt hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.How To Listen To The Conference Call Date: May 05, 2020View more earnings on WBTTime: 10:01 PM ETWebcast URL: https://78449.choruscall.com/dataconf/productusers/wbt/mediaframe/37819/indexr.htmlPrice Action 52-week high: $19.8152-week low: $3.17Price action over last quarter: down 58.49%Company Description Welbilt Inc is engaged in the designing, manufacturing and supplying of equipment for the commercial foodservice market which is used by commercial and institutional foodservice operators including full-service restaurants, quick-service restaurant chains, hotels, resorts, cruise ships, caterers, supermarkets, convenience stores, hospitals, schools, and other institutions. The group offers various products such as grills, induction cookers braising pans, steamers, and others under the brands name such as Cleveland, Convotherm, Delfield, Frymaster, and others. The firm's geographical segments include Americas, EMEA, and APAC. It generates a majority of its revenue from the Americas.See more from Benzinga * Recap: ArcBest Q1 Earnings * Recap: Vishay Precision Group Q1 Earnings * US Concrete: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Welbilt announces several actions being taken to address the impact of the global COVID-19 pandemic.
Welbilt changing 2020 Annual Meeting of Stockholders to virtual-only format that can be accessed at www.virtualshareholdermeeting.com/wbt2020
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Keri Llewellyn appointed SVP and Chief Commercial Officer effective immediately and EVP and COO Josef Matosevic will leave Welbilt on May 1st.
Q4 2019 Welbilt Inc Earnings Call
The COO of one of Tampa Bay's largest public companies has resigned to pursue "to pursue external opportunities," the company announced Tuesday.
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Q2 2019 Welbilt Inc Earnings Call
Welbilt reports first quarter operating results including net sales decrease of 12.4 percent (Organic Net Sales decrease of 11.6 percent).
Welbilt (WBT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
One of Tampa Bay's largest public companies announced Friday it expects net sales to take a hit over a demand decrease brought on by the coronavirus.
Icahn Capital Management releases portfolio updates for 1st quarter Continue reading...
What happened Shares of commercial kitchen equipment manufacturer Welbilt (NYSE: WBT) jumped as much as 28.2% in trading Tuesday after reporting first-quarter 2020 results. Shares slid throughout the day and at 3:20 p.
Welbilt to host 2020 Q1 earnings call on May 5 at 10:00 am ET; earnings announcement to be issued pre-market the same day.