Welbilt And Electrolux Professional Continue Trend Of Big E&S Companies Being Off 20% To 30% Globally 3Q-20

Welbilt and Electrolux have reported their 3Q-20 results. Both did a bit better than they had originally expected, given the uncertainties of the pandemic, local restrictions and the like. But Welbilt still saw net sales decline 27.3% globally 3Q compared to 3Q-2019, while Electrolux Professional was off 24.4%. Regional results were similar, except in the…