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Milacron (MCRN) Q3 Earnings & Revenues Miss Estimates

Milacron Holdings Corp.MCRN manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in North America, Europe, Asia, and internationally. Milacron Holdings has 4% share in the $27 billion global plastics technology and processing industry.

The company's superior organic sales growth profile, cost cutting efforts and balance sheet deleveraging will ensure sustained earnings growth. However, risks remain regarding operational execution as a public company, and the current challenging demand environment.

Although Milacron Holdings caters to diverse end-markets, demand will continue to be affected by cyclical trends in client capital expenditures, industrial production and construction activity. Free cash flow will be constrained through 2015 by higher working capital needs and the capital investment required for restructuring its European manufacturing footprint.

We have highlighted some of the key stats from this just revealed announcement below:

Estimate Trend & Surprise History

You should note that the earnings estimate revisions for Milacron Holdings depicted a neutral stance prior to the earnings release. The Zacks Consensus Estimate has remained stable over the last 7 days and currently stands at 41 cents for the third quarter.

In the last quarter, the company delivered a positive earnings surprise of 48.39%.

Earnings: Milacron Holdings missed on third quarter earnings. Our consensus called for EPS of 41 cents, and the company reported adjusted EPS of 38 cents.

Revenue: Milacron Holdings posted revenues of $292.7 million which fell short of the Zacks Consensus Estimate for revenues of $318 million.

Key Developments to Note: Milacron Holdings expects to deliver organic revenue growth in the range of 2% to 3% for the full year 2015. The company believes that cost reduction initiatives that will continue to be implemented over the next several years will help it achieve EBITDA margins of around 18% for 2015.

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!

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MILACRON HLDGS (MCRN): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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