Milacron Holdings Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported net sales of $308.3 million against $314.7 million for the same period a year ago. Operating earnings were $33.2 million against $29.8 million for the same period a year ago. Earnings before income taxes were $22.1 million against $18.5 million for the same period a year ago. Net earnings were $14.9 million or $0.21 per diluted share against $12.3 million or $0.17 per diluted share for the same period a year ago. Adjusted net income was $30.7 million against $31.0 million for the same period a year ago. Adjusted EBITDA was $56.6 million against $57.3 million for the same period a year ago. Adjusted diluted earnings per share were $0.43 against $0.44 for the same period a year ago. Cash provided by operating activities was $33.4 million against $8.8 million for the same period a year ago. Purchases of property and equipment were $9.4 million against $9.3 million for the same period a year ago. Free cash flow was $24.2 million against negative free cash flow of $0.3 million for the same period a year ago.

For the nine months, the company reported net sales of $946.8 million against $909.3 million for the same period a year ago. Operating earnings were $91.5 million against $78.7 million for the same period a year ago. Earnings before income taxes were $57.2 million against $18.8 million for the same period a year ago. Net earnings were $35.7 million or $0.50 per diluted share against net loss of $2.2 million or per diluted share for the same period a year ago. Net cash provided by operating activities was $55.5 million against $7.4 million for the same period a year ago. Purchases of property and equipment were $25.3 million against $34.3 million for the same period a year ago. Adjusted net income was $93.3 million against $86.2 million for the same period a year ago. Adjusted EBITDA was $174.8 million against $166.9 million for the same period a year ago. Adjusted diluted earnings per share were $1.30 against $1.22 for the same period a year ago. Free cash flow was $38.9 million against negative free cash flow of $12.3 million for the same period a year ago. Net debt was $718.9 million at the September 30, 2018.

In line with current market conditions, the company forecasts 2% sales growth in 2018, which is inclusive of an anticipated 1% foreign currency tailwind. Adjusted EBITDA is forecasted to be between $229 million and $231 million. Free Cash Flow is forecasted to be between $80 million and $90 million. The company expects capital expenditures of $45 million, and interest expense of $45 million.