Welbilt, Inc. provides the world's top chefs, premier chain operators and growing independents with industry-leading equipment and solutions. Its innovative products and solutions are powered by our deep knowledge, operator insights, and culinary expertise. Welbilt portfolio of award-winning product brands includes Cleveland™, Convotherm®, Crem®, Delfield®, Frymaster®, Garland®, Kolpak®, Lincoln®, Manitowoc® Ice, Merco®, Merrychef® and Multiplex®. These product brands are supported by three service brands: KitchenCare®, our aftermarket parts and service brand, FitKitchen®, our fully-integrated kitchen systems brand, and KitchenConnect®, cloud-based digital platform brand. Headquartered in the Tampa Bay region of Florida and operating 20 manufacturing facilities throughout the Americas, Europe and Asia, Welbilt sells through a global network of over 5,000 distributors, dealers, buying groups and manufacturers' representatives in over 100 countries. The Company has approximately 4,500 employees and generated sales of $1.6 billion in 2019.
Company profile
Ticker
WBT
Exchange
Website
CEO
William Johnson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Manitowoc Foodservice, Inc.
SEC CIK
Corporate docs
Subsidiaries
Appliance Scientific, Inc. • Avaj International Holding AB • Beleggingsmaatschappij Interrub BV • Berisford Property Development (USA) Ltd. • Boek-en Offsetdrukkerij Kuyte B.V. • Cleveland Range LLC • Cleveland Range Ltd. • Convotherm India Private Limited • Crem International (Shanghai) Co., Ltd. • Crem International AB ...
WBT stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
8 Aug 22
25-NSE
Exchange delisting
29 Jul 22
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Jul 22
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Jul 22
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Jul 22
POSASR
Automatic shelf registration (post-effective amendment)
29 Jul 22
POSASR
Automatic shelf registration (post-effective amendment)
29 Jul 22
8-K
Ali Group Completes Acquisition of Welbilt
29 Jul 22
8-K
Other Events
14 Jul 22
8-K
Other Events
5 Jul 22
Transcripts
WBT
Earnings call transcript
2021 Q2
3 Aug 21
WBT
Earnings call transcript
2021 Q1
9 May 21
WBT
Earnings call transcript
2020 Q4
27 Feb 21
WBT
Earnings call transcript
2020 Q3
3 Nov 20
WBT
Earnings call transcript
2020 Q3
3 Nov 20
WBT
Earnings call transcript
2020 Q2
8 Aug 20
WBT
Earnings call transcript
2020 Q1
8 May 20
WBT
Earnings call transcript
2019 Q4
25 Feb 20
WBT
Earnings call transcript
2019 Q3
9 Nov 19
WBT
Earnings call transcript
2019 Q2
8 Aug 19
Latest ownership filings
Financial summary
| Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 108.80 mm | 108.80 mm | 108.80 mm | 108.80 mm | 108.80 mm | 108.80 mm |
| Cash burn (monthly) | 8.63 mm | (no burn) | 200.00 k | (no burn) | 3.77 mm | (no burn) |
| Cash used (since last report) | 101.32 mm | n/a | 2.35 mm | n/a | 44.21 mm | n/a |
| Cash remaining | 7.48 mm | n/a | 106.45 mm | n/a | 64.59 mm | n/a |
| Runway (months of cash) | 0.9 | n/a | 532.3 | n/a | 17.1 | n/a |
Institutional ownership, Q3 2022
| 13F holders | Current |
|---|---|
| Total holders | 0 |
| Opened positions | 0 |
| Closed positions | 0 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 0.00 |
| Total shares | 0.00 |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 28 Jul 22 | Agard Martin D. | Common Stock | Sale back to company | Dispose D | No | No | 24 | 126,856 | 3.04 mm | 0 |
| 28 Jul 22 | Agard Martin D. | Common Stock | Sale back to company | Dispose D | No | No | 24 | 11,722 | 281.33 k | 0 |
| 28 Jul 22 | Agard Martin D. | Common Stock | Sale back to company | Dispose D | No | No | 24 | 21,436 | 514.46 k | 0 |
| 28 Jul 22 | Agard Martin D. | Stock Options Common Stock | Sale back to company | Dispose D | No | No | 9.99 | 7,691 | 76.83 k | 0 |
| 28 Jul 22 | Agard Martin D. | Stock Options Common Stock | Sale back to company | Dispose D | No | No | 9.23 | 7,584 | 70.00 k | 0 |
| 28 Jul 22 | Dino J Bianco | Common Stock | Sale back to company | Dispose D | No | No | 24 | 5,055 | 121.32 k | 0 |
| 28 Jul 22 | Dino J Bianco | Common Stock | Sale back to company | Dispose D | No | No | 24 | 48,060 | 1.15 mm | 0 |
| 28 Jul 22 | Joan Kai Chow | Common Stock | Sale back to company | Dispose D | No | No | 24 | 5,055 | 121.32 k | 0 |
| 28 Jul 22 | Joan Kai Chow | Common Stock | Sale back to company | Dispose D | No | No | 24 | 60,082 | 1.44 mm | 0 |
| 28 Jul 22 | Cynthia M Egnotovich | Common Stock | Sale back to company | Dispose D | No | No | 24 | 43,154 | 1.04 mm | 0 |