Welbilt, Inc. (WBT)

July 29, 2022 - WBT was delisted (reason: acquired by Ali Group)
24.01
0.00 (0.00%)
Jul 28, 2022 12:00 AM EDT - Market closed
0.00%
Market Cap 3.44B
Revenue (ttm) 1.56B
Net Income (ttm) 65.30M
Shares Out 143.18M
EPS (ttm) 0.51
PE Ratio 47.08
Forward PE 30.12
Dividend n/a
Ex-Dividend Date n/a
Volume 2,188,324
Open 24.00
Previous Close 24.01
Day's Range 23.99 - 24.01
52-Week Range 22.90 - 24.01
Beta 1.92
Analysts Sell
Price Target 24.48 (+2.0%)
Earnings Date Aug 2, 2022

About WBT

Welbilt, Inc., designs, manufactures, and supplies foodservice equipment for commercial foodservice market worldwide. The company offers commercial upright and undercounter refrigerators and freezers, blast freezers and chillers, and cook-chill systems under the Delfield brand; and walk-in refrigerators, coolers and freezers, and prefabricated cooler and freezer panels under the Kolpak brand. It also provides traditional, combination, convection, conveyor, and rapid-cooking ovens, and range and grill products under the Convotherm, Garland, Linc... [Read more...]

Industry Machinery
Founded 1902
CEO William Johnson
Employees 4,800
Stock Exchange NYSE
Ticker Symbol WBT
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for WBT stock is "Sell." The 12-month stock price forecast is 24.48, which is an increase of 1.96% from the latest price.

Price Target
$24.48
(1.96% upside)
Analyst Consensus: Sell
Stock Forecasts

News

Italy's Ali Group sees shelter from economic storm in Welbilt deal

Welbilt's exposure to the U.S. fast-food market will make new Italian owner Ali Group more resilient in a slowing global economy, while the deal will bring $100 million in cost savings, the chief execut...

Pentair Completes Transaction to Acquire Manitowoc Ice

LONDON--(BUSINESS WIRE)--Pentair plc today announced that it has completed the previously announced transaction to acquire Manitowoc Ice from Welbilt, Inc.

Other symbols: PNR

Welbilt KitchenConnect Launches the Largest Smart Restaurant Ecosystem for the Foodservice Industry

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)-- #bettertogether--Welbilt, Inc. (NYSE:WBT), a leading provider of commercial equipment and cloud device management for the foodservice industry, is proud to annou...

AT&T and Welbilt to Showcase Connected Kitchen at National Restaurant Association Show in Collaboration with Microsoft

Industry leaders collaborating to transform restaurant operations CHICAGO , May 19, 2022 /PRNewswire/ -- As restaurant operators seek to accelerate their digital transformation in response to labor chal...

Other symbols: T

Welbilt Reports 2022 First Quarter Operating Results

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt, Inc. (NYSE:WBT), today announced financial results for its 2022 first quarter. Due to the announced and pending sale of Welbilt's Manitowoc® Ice business...

Welbilt Announces the Sale of Manitowoc Ice

NEW PORT RICHEY, Fl.--(BUSINESS WIRE)--Welbilt, Inc. (NYSE:WBT) today announced that it has entered into a definitive agreement to sell its Manitowoc® Ice business (“Manitowoc Ice”) to Pentair plc (NYSE...

Other symbols: PNR

Welbilt Reports 2021 Fourth Quarter Operating Results

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt, Inc. (NYSE:WBT), today announced financial results for its 2021 fourth quarter. 2021 Fourth Quarter Highlights (1) Net sales were $423.0 million, an incr...

Welbilt (WBT) Earnings Expected to Grow: What to Know Ahead of Q4 Release

Welbilt (WBT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

4 Stocks to Buy as Manufacturing Activity Continues to Expand

Manufacturing activity is getting a boost from higher demand and consumption, helping stocks like Welbilt (WBT), A. O. Smith (AOS), Helios Technologies (HLIO) and Applied Industrial Technologies (AIT).

Other symbols: AITAOSHLIO

Industrial Production Rebounds in October: 4 Stocks to Buy

People are spending more on goods than services, driving industrial output and helping stocks like Welbilt (WBT), Helios Technologies (HLIO), Ferguson (FERG) and Applied Industrial Technologies (AIT).

Other symbols: AITFERGHLIO

Welbilt KitchenConnect and HCL Technologies Join Forces to Offer a Secured Cloud Solution for The Food Industry Built...

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt, Inc. (NYSE: WBT), a leading provider of commercial foodservice equipment, announced today that it will integrate Microsoft Azure Sphere to upgrade securi...

Welbilt (WBT) Q3 Earnings and Revenues Top Estimates

Welbilt (WBT) delivered earnings and revenue surprises of 40.00% and 5.87%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Welbilt Reports 2021 Third Quarter Operating Results

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt, Inc. (NYSE:WBT), today announced financial results for its 2021 third quarter. 2021 Third Quarter Highlights (1) Net sales were $411.5 million, an increa...

Welbilt (WBT) to Report Q3 Results: Wall Street Expects Earnings Growth

Welbilt (WBT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Welbilt (WBT) Progresses on Merger Agreement with Ali Group

Welbilt (WBT) receives shareholders' nod for its merger with the Ali Group. Also, the parties decide to divest Welbilt's Manitowoc Ice brand to satisfy the concerns of the U.S. Department of Justice.

Welbilt Provides Update on Acquisition by Ali Group

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt, Inc. (NYSE:WBT) announced that the proposal to adopt and approve the Merger Agreement with Ali Holding S.r.l., Ali Group North America Corporation and As...

SHAREHOLDER ALERT: WeissLaw LLP Reminds ICBK, STMP, SC, and WBT Shareholders About Its Ongoing Investigations

NEW YORK, Sept. 20, 2021 /PRNewswire/ -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights o...

Welbilt Announces the Passing of Executive Vice President and Chief Innovation Officer Richard N. “Rick” Caron

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt, Inc. (NYSE:WBT), announced today that Richard N. “Rick” Caron, Executive Vice President and Chief Innovation Officer, passed away on September 2nd follow...

Welbilt, Apex Order Pickup Solutions Launch OrderHQ Lockers

Welbilt Inc. (NYSE: WBT) and Apex Order Pickup Solutions launched the smart locker series, OrderHQ. OrderHQ integrates existing point of sale and other back-of-house management systems for restaurants t...

Demand for Efficient Order Handoff Inspires OrderHQ™ Lockers

MASON, Ohio, Sept. 1, 2021 /PRNewswire/ -- Apex Order Pickup Solutions, a leading global provider of self-serve automated pickup solutions for use in foodservice, retail and b-to-b ecommerce, and Welbil...

Welbilt (WBT) Tops Q2 Earnings and Revenue Estimates

Welbilt (WBT) delivered earnings and revenue surprises of 83.33% and 15.88%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Welbilt Reports 2021 Second Quarter Operating Results

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt, Inc. (NYSE:WBT), today announced financial results for its 2021 second quarter. 2021 Second Quarter Highlights (1) Net sales were $395.6 million, an incr...

Welbilt (WBT) Earnings Expected to Grow: Should You Buy?

Welbilt (WBT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Welbilt Announces Details for 2021 Second Quarter Earnings Call and Webcast

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt, Inc. (NYSE:WBT), announced today that it will host a live conference call to share prepared comments related to its 2021 second quarter earnings on Tuesd...

Middleby (MIDD) and Welbilt Terminate Merger Agreement

Middleby (MIDD) receives a termination fee of $110 million in cash from Welbilt as their merger agreement gets terminated.

Other symbols: MIDD