Milacron Holdings Corp has announced its financial results for the second quarter ended 30 June 2017. Sales increased 0.4% to US$309.2 million and orders increased 3.3% to US$334.9 million, while operating earnings (GAAP) decreased 19.9% to US$28.6 million. ‘Milacron's strong performance continued through the second quarter, with 1.4% constant currency sales growth and Adjusted EBITDA margin expansion of 50 basis points, resulting in a solid second quarter adjusted earnings per share of US$0.46,’ said Milacron CEO Tom Goeke. ‘Orders and sales momentum continued in the second quarter, even compared to a high prior year comp.’ Milacron forecasts 0% to 2% organic sales growth in 2017, which is in line with current market conditions.
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