Milacron Holdings: 4Q Earnings Snapshot
CINCINNATI (AP) _ Milacron Holdings Corp. (MCRN) on Thursday reported fourth-quarter profit of $5.8 million.
On a per-share basis, the Cincinnati-based company said it had profit of 8 cents. Earnings, adjusted for one-time gains and costs, were 48 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.
The industrial technology company posted revenue of $311.4 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $306.9 million.
For the year, the company reported profit of $41.5 million, or 58 cents per share. Revenue was reported as $1.26 billion.
Milacron Holdings shares have increased 24 percent since the beginning of the year. The stock has dropped 28 percent in the last 12 months.