Milacron Holdings Corp. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended Dec. 31, 2016; Provides Earnings Guidance for the Year 2017
For the year, the company reported sales of $1,166.7 million, operating earnings of $105.6 million, adjusted EBITDA of $212.8 million or diluted adjusted EPS of $1.51, cash flow from operations of $116.2 million, earnings before income taxes of $44.7 million, net earnings of $30.5 million or diluted EPS of $0.43, purchases of property and equipment of $57.3 million compared to the sales of $1,179.5 million, operating earnings of $71.8 million, adjusted EBITDA of $213.4 million or diluted adjusted EPS of $1.4, cash flow from operations of $23 million, loss before income taxes of $18.4 million, net loss of $38.8 million or diluted EPS of $0.65, purchases of property and equipment of $52.7 million for the previous year.
The company expects forecasts 0% to 2% organic sales growth in 2017, which is in line with current market conditions. Adjusted EBITDA is forecasted to be between $219 million and $225 million. Free Cash Flow before restructuring is forecasted to be between $95 million and $105 million. Capital expenditures are expected to be $50 million and interest expense of $43 million. The company also expects effective tax rate of 27%.