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Welbilt, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2022 10-Q, filed May 10, 2022. Its latest SEC filing is a 15-12G from Aug 8, 2022.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Sells commercial foodservice equipment and integrated kitchen systems to restaurants, hotels and institutional foodservice operators.

How Did They Make Money?

Most sales come from equipment and aftermarket parts; sales are counted when products ship or service is provided, and invoices typically have 30-day payment terms. A smaller amount comes from foodservice projects and cloud-app subscriptions; project sales are counted at a point or as work progresses, while subscription fees are spread over the subscription term.

revenue

Who Were Their Customers?

Large multinational and national chains buy directly; other operators are served through distributors, dealers, buying groups and manufacturers’ representatives. Welbilt also sells replacement parts through factory-authorized service providers.

Did Revenues Turn Into Profits?

Yes. It kept 5 cents of every revenue dollar as net income in .

Net income,
5% of revenue
▲ Now profitable vs (−$7.4M, −1%)

How Were They Changing?

Since the FY2021 annual report
Latest quarter: Q1 FY2022, the three months to Mar 31, 2022
Revenue
▲ +31%
vs $253.3M in Q1 FY2021
Net income
▼ −63%
vs $7.9M in Q1 FY2021
  • Jul 29, 2022 Ali Group completed its acquisition of Welbilt Welbilt’s common stock stopped trading on the New York Stock Exchange after the transaction.

Held flat. Revenue was $1.5B in , about the same as the $1.4B of .

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