Milacron reports growth in fourth quarter 2017
A strong fourth quarter helped propel Milacron Holdings Corp., based in Cincinnati, to double-digit sales growth and results for the year that outpaced the company’s projections.
For the full year of 2017, Milacron posted:
• Sales of $1.23 billion increased 5.8 percent on an as-reported basis;
• Orders of $1.29 billion increased 9.1 percent on an as-reported basis; and
• Operating earnings decreased 16.7 percent to $88 million; and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased 6.8 percent to $227.3 million, or 18.4 percent of sales.
“We delivered a strong fourth quarter and exceeded our full-year sales, adjusted EBITDA and free cash flow guidance ranges,” said Milacron President and CEO Tom Goeke. Milacron supplies injection molding machines, extruders, mold technologies and other plastics processing products.