Milacron Holdings Corp (MCRN) Releases Earnings Results, Beats Expectations By $0.03 EPS

Milacron Holdings Corp (MCRN) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.41 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.38. The company posted revenue of $308.10 million in the period, compared to analysts expectations of $302.37 million. The company’s revenue was up 2.3% compared to the same quarter last year.

Milacron Holdings Corp opened for trading at $15.91 and hit $17.69 on the upside on Thursday, eventually ending the session at $17.49, with a gain of 12.48% or 1.94 points. The heightened volatility saw the trading volume jump to 2,36,163 shares. Company has a market cap of $1,184 M.

In a different news, on Dec 11, 2015, Thomas J Goeke (CEO) purchased 15,000 shares at $12.84 per share price. According to the SEC, on Jul 2, 2015, John J Iii Gallagher (Chief Op Officer-MDCS & Fluids) purchased 7,150 shares at $20.00 per share price. On Jul 2, 2015, Ronald M. Krisanda (COO) purchased 5,000 shares at $20.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Milacron Holdings Corp. manufactures distributes and services engineered and customized systems within the plastic technology and processing industry. The Company’s product portfolio includes hot runner systems injection molding blow molding and extrusion equipment. The Company operates through three segments: Advanced Plastic Processing Technologies (APPT) Melt Delivery and Control Systems (MDCS) and Fluid Technologies (Fluids). Its APPT segment designs manufactures and sells injection extrusion and blow molding equipment co-injection systems and related parts and services. The Company’s MDCS segment designs manufactures and sells hot runner and process control systems mold bases and components and sells maintenance repair and operations (MRO) supplies. Its Fluids segment is a manufacturer of synthetic and semi-synthetic lubricants and coolants used in various industrial metalworking applications.

Milacron Holdings Corp

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