Welbilt

Welbilt provides chefs and chain operators or growing independents with industry equipment and solutions. The companies designs and lean manufacturing tactics are powered by deep knowledge, operator insights, and culinary expertise. Welbilt was founded in 1929 and is based in New Port Richey, Florida, United States.

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Billionaire investor Carl Icahn acquired more than 12.5 million shares of Twitter Inc. during the third quarter, ahead of Elon Musk's takeover of the company, while also boosting his holdings in Occidental Petroleum Corp. and Southwest Gas Holdings., according to a filing Monday.

Icahn loads up on Twitter, oil and gas in third quarter, dumps Welbilt

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 executive of the catering equipment company told Reuters.

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

Pentair

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

Pentair Completes Transaction to Acquire Manitowoc Ice

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 announce today the launch of the Largest Smart Restaurant Ecosystem. The ecosystem is powered by the biggest digital companies in the Internet of Things (IoT) space that will empower its homegrown cloud platform for connected restaurant equipment, KitchenConnect®. The foodservice equipment industry is in the midst of t

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

AT&T

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 challenges, changing consumer behaviors, and increasing cost pressures, AT&T*, Microsoft and Welbilt are coming together to help restaurants digitize, simplify and transform their kitchens across the food service industry. Welbilt selected AT&T to connect their award-winning KitchenConnect® cloud solution to build upon their restaurant equipment manufacturing expertise.

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

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 to Pentair plc, the results for Manitowoc Ice are presented as Discontinued Operations in this release and accompanying financial statements and tables for all periods presented. 2022 First Quarter Highlights (1) Net sales from continuing operations were $333.0 million, an increase of 31.5 perce

Welbilt Reports 2022 First Quarter Operating Results

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:PNR) for approximately $1.6 billion in cash, on a cash free and debt free basis, subject to customary post-closing adjustments. Manitowoc Ice designs, manufactures and markets a full line of ice machines and related equipment and generated sales of approximately $308 million in 2021. Commenting

Welbilt Announces the Sale of Manitowoc Ice

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 increase of 32.2 percent from the prior year; Organic Net Sales (a non-GAAP measure) increased 32.3 percent from the prior year Earnings from operations were $47.3 million compared to $40.6 million in the prior year; as a percentage of net sales, earnings from operations were 11.2 percent compared to

Welbilt Reports 2021 Fourth Quarter Operating Results

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

Applied Industrial Technologies

A. O. Smith

Helios Technologies Inc

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).

4 Stocks to Buy as Manufacturing Activity Continues to Expand

Ferguson Enterprises Inc

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).

Industrial Production Rebounds in October: 4 Stocks to Buy

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 security in its KitchenConnect® internet-connected equipment and will host the solution on Microsoft Azure through a new partnership with HCL Technologies. Welbilt KitchenConnect is an award-winning open cloud solution that offers a digital platform for internet-connected equipment in the foodservice i

Welbilt KitchenConnect and HCL Technologies Join Forces to Offer a Secured Cloud Solution for The Food Industry Built Using Microsoft Azure IoT

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 (WBT) Q3 Earnings and Revenues Top Estimates

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 increase of 37.9 percent from the prior year; Organic Net Sales (a non-GAAP measure) increased 36.1 percent from the prior year Earnings from operations were $52.6 million compared to $21.2 million in the prior year; as a percentage of net sales, earnings from operations were 12.8 percent compared to 7

Welbilt Reports 2021 Third Quarter Operating Results

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

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 (WBT) Progresses on Merger Agreement with 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 Ascend Merger Corp. (collectively “Ali Group”) was approved today by Welbilt stockholders with 99.72 percent of shares that were voted cast in favor of the pending merger. In addition, Welbilt and Ali Group have submitted regulatory filings in all required jurisdictions, including the U.S., United

Welbilt Provides Update on Acquisition by Ali Group

County Bancorp

Santander Consumer USA Hlds

Stamps.com

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 or interests, please contact: Joshua Rubin, Esq.

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

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 following a brief non-Covid related illness. Mr. Caron, 65, served as the head of innovation and technology since joining Welbilt's predecessor company Enodis in 2005. Bill Johnson, Welbilt's President and Chief Executive Officer, issued the following statement: “The entire Welbilt team is deeply sadde

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

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 to offer quick and convenient order pickup experiences.

Welbilt, Apex Order Pickup Solutions Launch 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 Welbilt, Inc. (NYSE:WBT), a leading global provider of commercial foodservice equipment, today announce the launch of OrderHQ™, a smart locker series that integrates with existing point of sale and other back-of-house management systems to make it easier for restaurants to offer quick and convenient order pickup experiences.

Demand for Efficient Order Handoff Inspires OrderHQ™ Lockers

Welbilt (WBT) CEO Bill Johnson on Q2 2021 Results - Earnings Call Transcript

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 (WBT) Tops Q2 Earnings and Revenue Estimates

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 increase of 92.0 percent from the prior year; Organic Net Sales (a non-GAAP measure) increased 85.8 percent from the prior year Earnings from operations were $50.2 million compared to $0.7 million in the prior year; as a percentage of net sales, earnings from operations were 12.7 percent compared to

Welbilt Reports 2021 Second Quarter Operating Results

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.

News for Welbilt Stock (WBT)