Exhibit 99.1
Milacron Holdings Corp. Reports First Quarter 2017 Results
Strong start to 2017 with sales and Adj. EBITDA growth, driven by consumables.
2017 First Quarter Overview
 
Sales of $285.4 million increased 4.3%, on a constant currency basis

Operating earnings (GAAP) were $19.7 million; Adjusted EBITDA (non-GAAP) increased 6.2% to $50.0 million

Diluted EPS (GAAP) of $(0.36); Diluted adjusted EPS (non-GAAP) of $0.32

Cash flow from operations of $(8.7) million drove free cash flow of $(17.9) million, a $34.4 million decrease versus $16.5 million in the prior year

Cincinnati - April 27, 2017
- Milacron Holdings Corp. (“Milacron”) (NYSE: MCRN), a leading industrial technology company serving the plastic processing industry, today announced financial results for the first quarter ended March 31, 2017.
 
Three Months Ended March 31,
In millions (except per share data)
2017
 
2016
 
Change
 
% Change (Constant Currency)
New orders
$
326.4

 
$
291.8

 
11.9
 %
 
13.4
%
Sales
$
285.4

 
$
277.3

 
2.9
 %
 
4.3
%
Operating earnings
$
19.7

 
$
32.0

 
(38.4
)%
 
 
Adjusted EBITDA (1)
$
50.0

 
$
47.1

 
6.2
 %
 
 
% of sales
17.5
%
 
17.0
%
 
+50 bps

 
 
Diluted EPS
$
(0.36
)
 
$
0.14

 
NMF

 
 
Diluted adjusted EPS (1)
$
0.32

 
$
0.27

 
18.5
 %
 
 
Cash flow from operations
$
(8.7
)
 
$
23.9

 
NMF

 
 
Free cash flow
$
(17.9
)
 
$
16.5

 
$
(34.4
)
 
 
(1) See non-GAAP reconciliations included in the accompanying financial tables for the reconciliation of each non- GAAP measure to its most directly comparable GAAP measure.
NMF - Not Meaningful
 
 
 
 
 
 
 
“Milacron is off to a strong start in 2017 with 4.3 percent constant currency organic sales growth and Adjusted EBITDA growth of 6.2 percent," said Milacron Chief Executive Officer, Tom Goeke. "The first quarter performance was bolstered by double digit sales growth in our MDCS segment, primarily driven by continued impressive performance in our hot runner business, and high single digit growth in our APPT aftermarket business. Improving demand in North America and Asia was encouraging to start the year and we are cautiously optimistic that markets will continue to recover in 2017. We also continued to reinvest in our field service organization to support our long-term growth objectives of driving the consumables portion of our portfolio. We feel that these investments will enhance our portfolio, allow us to better support our customers and capitalize on compelling market opportunities."

Milacron Chief Financial Officer, Bruce Chalmers, added, "Our Adjusted EBITDA for the quarter was up 6.2 percent which was primarily driven by the incremental consumables sales growth. We continue to drive cost out of the business in order to position the company for strong margin growth as the North American market continues on the path to recovery."






The following information was filed by Milacron Holdings Corp. (MCRN) on Thursday, April 27, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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