Welbilt Grew 2018 Sales 10%, Was Up 11% 4Q

Welbilt Inc., the New Port Richey, Fla.-based foodservice equipment conglomerate reported an 11% increase in 4Q/18 sales and a 10% increase for all 2018. Organic sales rose 5% of the year and 6% for the quarter. Earnings, however, fell, thanks to a less favorable product mix, higher incentive compensation costs, and higher material and component…