Milacron announces higher profits, share repurchase
Milacron Holdings Corp. reported sales of $946.8 million for the nine months ending Sept. 30, a 4.1 percent increase over the same period in 2017. The company saw third-quarter 2018 sales of $308.3 million, a decrease of 2 percent from the same period a year ago. Operating earnings rose to $33.2 million, an 11.4 percent increase over the Q3 2017 results.
Net earnings reached $14.9 million for the third quarter compared to $12.3 million for the same period in 2017.
In addition, the company announced that it will repurchase up to $125 million of outstanding common stock over a two-year period.