Welbilt Inc (Welbilt), formerly Manitowoc Foodservice Inc, is a designer, manufacturer, and supplier of commercial foodservice equipment. Its product portfolio includes refrigerators and freezers, grills, ovens, broilers, induction cookers, warmers, frying systems, cafeteria and buffet equipment stations, ice and beverage dispensers. The company offers its products under various brand names, including Cleveland, Convotherm, Crem, Delfield, Frymaster, Garland, Kolpak, Lincoln, Manitowoc Ice, Merco, Merrychef and Multiplex. It also offers aftermarket parts and service through FitKitchen, KitchenConnect and KitchenCare brand names. Welbilt distributes its products through a network of distributors and dealers in the Americas, Europe, the Middle East, Asia-Pacific and Africa. Welbilt is headquartered in New Port Richey, Florida, the US.
Headquarters
United States of America
Address
2227 Welbilt Blvd, New Port Richey, Florida, 34655-5130
Website
www.welbilt.com
Telephone
1 727 3757010
No of Employees
4,800
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
WBT (NYSE)
Revenue (2021)
$1.5B
34.1%
(2021 vs 2020)
EPS
XYZ
Net Income (2021)
XYZ
1050%
(2021 vs 2020)
Market Cap*
$3.4B
Net Profit Margin (2022)
XYZ
809.4%
(2021 vs 2020)
* As of and is in US$
Products and Services
| Products | Services | Brands |
|---|---|---|
| Refrigerators | After Market Care and Support Services | Cleveland |
| Food Storing Equipment | Equipment Monitoring | Convotherm |
| Cooking Equipment | Kitchen Solutions | Crem |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | New Products/Services | In May, the company announced the launch of the Largest Smart Restaurant Ecosystem. |
| 2022 | Contracts/Agreements | In May, the company, Microsoft and AT&T Inc collaborated to help restaurants digitize, simplify and transform their kitchens across the food service industry. |
| 2022 | Contracts/Agreements | In March, the company entered into an agreement to sell its Manitowoc Ice business to Pentair plc. |
Competitor Comparison
| Key Parameters | Welbilt Inc | The Middleby Corp | Automatic Bar Controls, Inc. | Cambro Manufacturing Company, Inc. | Dover Industries Limited |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | Canada |
| City | New Port Richey | Elgin | Vacaville | Huntington Beach | North Cambridge |
| State/Province | Florida | Illinois | California | California | Ontario |
| No. of Employees | 4,800 | 5,001 | - | - | 448 |
| Entity Type | Public | Public | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| William C. Johnson | Director; President; Chief Executive Officer | Executive Board | 2018 | 58 |
| Cynthia M. Egnotovich | ChairPerson | Executive Board | 2016 | 64 |
| Martin D. Agard | Chief Financial Officer; Executive Vice President | Senior Management | 2019 | 59 |
| Jennifer Gudenkauf | Chief Human Resources Officer; Executive Vice President | Senior Management | 2020 | 49 |
| Keri Llewellyn | Chief Commercial Officer | Senior Management | 2020 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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