Revenue Update on Milacron Holdings Corp(NYSE:MCRN)

Milacron Holdings Corp(NYSE:MCRN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $308.10M. Analysts estimated a revenue of $303.17M. Earnings per share were $0.41. Analysts had estimated an EPS of $0.38.

Milacron Holdings Corp (MCRN) remained unchanged at the close of Thursday session. Even as the volume increased to 48,966 ,the shares failed to make any impression and ended at 0 points or 0.00% at $16.36. The trading session commenced at $15.98 and the stock hit a high of $16.53 and touched $15.79 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $21.46 and the 52-week low is $11.56. The company has a market cap of $1,108 M and has approximately 6,77,20,262 outstanding shares.

Several Insider Transactions has been reported to the SEC. On Dec 11, 2015, Thomas J Goeke (CEO) purchased 15,000 shares at $12.84 per share price.Also, 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *