Milacron’s Q2 and six months

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.

This story is reprinted from material from Milacronwith editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.