Milacron Holdings Corp. announced unaudited consolidated earnings results for fourth quarter and full year ended December 31, 2017. For the quarter, the company reported net sales of $324.9 million compared to $289.1 million a year ago. Operating earnings was $10.1 million compared to $8.8 million a year ago. Loss before income taxes was $0.5 million compared to $6.5 million a year ago. Net earnings was $3.3 million compared to earnings of $1.1 million a year ago. Basic and diluted earnings per share was $0.05 compared to $0.02 a year ago. Adjusted net income was $42.0 million compared to $32.8 million a year ago. Adjusted EBITDA was $60.4 million compared to $53.6 million a year ago. Adjusted diluted earnings per share was $0.59 compared to $0.47 a year ago. Cash flow from operations of $103.0 million increased $47.6 million, driving free cash flow of $95.5 million, a $66.3 million increase versus $29.2 million in the prior year period.

For the year, the company reported net sales of $1,234.2 million compared to $1,166.7 million a year ago. Operating earnings was $88.0 million compared to $105.6 million a year ago. Earnings before income taxes was $18.3 million compared to $44.7 million a year ago. Net earnings was $1.1 million compared to earnings of $30.5 million a year ago. Diluted earnings per share was $0.02 compared to $0.43 a year ago. Net cash provided by operating activities was $110.4 million compared to $116.2 million a year ago. Purchases of property and equipment was $39.8 million compared to $57.3 million a year ago. Adjusted net income was $128.2 million compared to $105.7 million a year ago. Adjusted EBITDA was $227.3 million compared to $212.8 million a year ago. Adjusted diluted earnings per share was $1.81 compared to $1.51 a year ago.

The company expects forecasts 2.0% to 4.0% sales growth in 2018, which is inclusive of an anticipated 1.0% foreign currency tailwind. Adjusted EBITDA is forecasted to be between $237 million and $243 million. Free cash flow is forecasted to be between $80 million and $90 million. Capital expenditures are expected to be $45 million and interest expense of $45 million.