Private company
Welbilt, Inc.
American refrigeration and service industry machinery company. Summary from the record
Last updated Oct 19, 2026.
Overview
- IndustryRefrigeration & Service Industry Machinery2
- HeadquartersTallahasse, United States2
- Incorporated inDE3
- Business address2227 Welbilt Boulevard, New Port Richey, Fl 346553
- Filer categoryLarge accelerated filer3
- Legal formCorporation2
- LEI549300UR3W71YLZWI0682
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered address251 LITTLE FALLS DRIVE, 19808 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 57599002
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2021
36.2%Gross margin5
4.5%Net margin5
34.1%Revenue growth, 20215
19.6%Return on equity5
3.91×Debt to equity5
$30.2MFree cash flow5
Where the money goes
Where each dollar of revenue went, fiscal 2021
- Cost of revenue64¢$987.3M
- Research and development3¢$42.5M
- Selling, general and admin22¢$337.6M
- Other costs5¢$80.3M
- Income tax2¢$28.9M
- Profit5¢$70.3M
Out of $1.5B in revenue.5
Where each dollar of operating cash went, fiscal 2021
- Capital spending46¢$25.9M
- Kept or used elsewhere54¢$30.2M
Out of $56.1M of cash from operations.5
Financial statements
No quarterly figures reported.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.6B6 | $1.5B7 | $1.4B8 | $1.6B9 | $1.6B5 | $1.2B5 | $1.5B5 |
| Cost of revenue | $1.1B6 | $922.3M7 | $908.5M8 | $1.0B9 | $1.0B5 | $743.4M5 | $987.3M5 |
| Gross profit | $501.7M6 | $533.8M7 | $536.9M8 | $569.2M9 | $566.9M5 | $410.0M5 | $559.6M5 |
| Research and development | $33.2M6 | $35.2M7 | $39.4M8 | $37.3M9 | $41.3M5 | $36.1M5 | $42.5M5 |
| Selling, general and admin | $291.6M6 | $286.1M7 | $278.3M8 | $309.8M9 | $344.2M5 | $285.3M5 | $337.6M5 |
| Operating income | $159.9M10 | $199.2M10 | |||||
| Interest | $1.4M6 | $85.2M7 | $86.9M8 | $94.5M9 | $97.3M9 | $81.4M9 | |
| Income before tax | $99.2M5 | ||||||
| Income tax | $40.3M6 | $30.7M7 | -$11.5M8 | $10.8M9 | $19.8M5 | -$6.3M5 | $28.9M5 |
| Net income | $156.1M6 | $71.5M7 | $132.9M8 | $78.2M9 | $55.9M5 | -$7.4M5 | $70.3M5 |
| Earnings per share | $1.146 | $0.527 | $0.968 | $0.569 | $0.405 | -$0.055 | $0.495 |
| Earnings per share (diluted) | $1.146 | $0.517 | $0.948 | $0.559 | $0.395 | -$0.055 | $0.495 |
| Shares (weighted, basic) | 142.1M shares5 | ||||||
| Shares (weighted, diluted) | 143.1M shares5 |
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|
| Cash | $32.0M6 | $53.8M6 | $108.5M7 | $70.4M8 | $130.7M9 | $125.0M5 | $134.2M5 |
| Receivables | $220.5M5 | ||||||
| Inventory | $294.4M5 | ||||||
| Current assets | $252.6M10 | $308.2M6 | $383.7M7 | $440.5M8 | $528.9M9 | $522.0M5 | $708.1M5 |
| Goodwill | $936.3M5 | ||||||
| Intangible assets | $420.8M5 | ||||||
| Total assets | $1.8B10 | $1.8B6 | $1.8B7 | $2.1B8 | $2.2B9 | $2.1B5 | $2.3B5 |
| Accounts payable | $130.6M5 | ||||||
| Current liabilities | $321.3M10 | $316.2M6 | $297.9M7 | $378.7M8 | $331.3M9 | $281.5M5 | $373.1M5 |
| Long-term debt | $1.3B10 | $1.3B6 | $1.4B7 | $1.4B8 | $1.4B9 | $1.4B5 | |
| Long-term liabilities | $1.5B5 | ||||||
| Retained earnings | $387.0M5 | ||||||
| Shareholders’ equity | $1.2B7 | -$56.4M8 | $103.6M9 | $186.4M5 | $253.4M5 | $273.0M5 | $358.4M5 |
| Shares outstanding | 137.0M shares10 | 138.6M shares6 | 139.4M shares7 | 140.3M shares8 | 141.2M shares9 | 141.6M shares5 | 143.0M shares5 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $143.0M6 | -$372.0M7 | -$431.3M8 | -$448.5M9 | -$269.7M5 | $15.0M5 | $56.1M5 |
| Stock-based compensation | $15.0M5 | ||||||
| Capital spending | $13.2M6 | $16.0M7 | $20.7M8 | $21.4M9 | $33.9M5 | $20.1M5 | $25.9M5 |
| Free cash flow | $129.8M | -$388.0M | -$452.0M | -$469.9M | -$303.6M | -$5.1M | $30.2M |
| Cash from investing | -$25.9M5 | ||||||
| Cash from financing | -$21.4M5 |
Leadership
Who has led Welbilt, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
20202025
- Chief executive officerJosef Matosevic Sep 5, 2018 to Sep 5, 201812
- Chief executive officerHubertus M. Muhlhauser Mar 14, 2016 to Mar 21, 201813
- PresidentJosef Matosevic Sep 5, 2018 to Sep 5, 201812
- PresidentHubertus M. Muhlhauser Mar 14, 2016 to Mar 21, 201813
- Chief financial officerMartin D. Agard Apr 9, 2019 to Jul 29, 202214
- Chief financial officerHaresh Shah May 2, 2017 to Feb 22, 201915
- Chief financial officerJohn O. Stewart Mar 14, 2016 to Feb 21, 201716
- Chief operating officerJosef Matosevic Mar 14, 2016 to Feb 25, 202017
Board members and other officers (21)
- EVP & CHROJennifer Gudenkauf Jan 8, 2020 to Jul 29, 202218
- VP, Chief Accounting OfficerKimberly Ann Perez Sep 9, 2020 to Jul 29, 202219
- EVP, Gen Counsel and Corp SecyJoel H. Horn Feb 19, 2019 to Jul 29, 202220
- VP, Corp Controller, CAOJamie E. Palm Mar 25, 2019 to Apr 10, 202021
- SVP CHRODiana Sacchi Nov 7, 2017 to Mar 21, 201822
- SVP InnovationRichard N. Caron Mar 14, 2016 to Aug 16, 202123
- VP Investor Relations & TreasRichard James Sheffer Mar 31, 2016 to Jul 29, 202224
- VP Controller&Chief Acctg OffHaresh Shah Jun 20, 2016 to Mar 13, 201725
- Sn. VP Strategy, Marketing, HRAndreas G. Weishaar Sep 7, 2016 to Mar 21, 201826
- Board memberHubertus M. Muhlhauser Mar 21, 2018 to Mar 21, 201827
- Board memberJanice L. Fields Apr 30, 2018 to Jul 29, 202228
- Board memberBrian R. Gamache Mar 17, 2017 to Jul 29, 202229
- Board memberAndreas G. Weishaar Mar 14, 2016 to Mar 18, 201630
- Board memberAndrew Langham Mar 14, 2016 to Jul 29, 202231
- Board memberCynthia M. Egnotovich Mar 14, 2016 to Jul 29, 202232
- Board memberDino J. Bianco Mar 14, 2016 to Jul 29, 202233
- Board memberJoan Kai Chow Mar 14, 2016 to Jul 29, 202234
- Board memberThomas Dale Davis Mar 14, 2016 to Feb 25, 202035
- Board memberTimothy J. Fenton Mar 14, 2016 to Feb 21, 201736
- General counselJoel H. Horn Jan 12, 2017 to Jun 11, 201837
- General counselMaurice D. Jones Mar 14, 2016 to Jan 3, 201738
Subsidiaries and ownership
Subsidiaries (GLEIF)
Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.
Former names
- Manitowoc Foodservice, Inc.Sep 1, 2015 to Feb 24, 20173
Timeline
Filings
82 filings to the SEC since October 2021: 1 annual reports, 2 quarterly reports, 10 major events, 55 insider forms, 3 large holders, 11 other. The latest 20:
- Aug 8, 202215-12G EDGAR
- Jul 29, 2022SC 13D/A EDGAR
- Jul 29, 20224 EDGAR
- Jul 29, 20224 EDGAR
- Jul 29, 20224 EDGAR
- Jul 29, 20224 EDGAR
- Jul 29, 20224 EDGAR
- Jul 29, 20224 EDGAR
- Jul 29, 20224 EDGAR
- Jul 29, 20224 EDGAR
- Jul 29, 20224 EDGAR
- Jul 29, 20224 EDGAR
- Jul 29, 20224 EDGAR
- Jul 29, 20224 EDGAR
- Jul 29, 2022S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
- Jul 29, 2022S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
- Jul 29, 2022S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
- Jul 29, 2022POSASR POST-EFFECTIVE AMENDMENT NO. 1 TO REGISTRATION STATEMENT ON FORM S-3 EDGAR
- Jul 29, 2022POSASR POST-EFFECTIVE AMENDMENT NO. 1 TO REGISTRATION STATEMENT ON FORM S-3 EDGAR
- Jul 29, 20228-K CURRENT REPORT EDGAR
The 82 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
3 open-market trades by officers, directors and large owners since October 2021: 0 buys and 3 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Nov 18, 2021 | GUDENKAUF JENNIFEREVP & CHRO | Sale | 10,382 | $23.71 | $246.2K | Form 4 |
| Nov 9, 2021 | Horn Joel H.EVP, Gen Counsel and Corp Secy | Sale | 2,461 | $23.69 | $58.3K | Form 4 |
| Oct 21, 2021 | AGARD MARTIN D.EVP Chief Financial Officer | Sale | 23,532 | $23.66 | $556.8K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Carl C. Et Al IcahnSC 13D/A, 1 filing Jul 29, 202239
- VANGUARD GROUP INCSC 13G/A, 1 filing Feb 10, 202240
- InvescoSC 13G/A, 1 filing Jan 31, 202241
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARWelbilt, Inc. filings on SEC EDGAR
- 2
- 3SEC EDGARWelbilt, Inc. filings on SEC EDGAR
- 4GLEIFEnodis: LEI record
- 5SEC EDGARWelbilt, Inc. 10-K for fiscal 2021
- 6SEC EDGARWelbilt, Inc. 10-K for fiscal 2015
- 7SEC EDGARWelbilt, Inc. 10-K for fiscal 2016
- 8SEC EDGARWelbilt, Inc. 10-K for fiscal 2017
- 9SEC EDGARWelbilt, Inc. 10-K for fiscal 2018
- 10SEC EDGARWelbilt, Inc. 10-K for fiscal 2015
- 11SEC EDGARWelbilt, Inc. 10-Q for fiscal 2022
- 12
- 13
- 14
- 15SEC EDGARHaresh Shah, Chief financial officer
- 16
- 17
- 18SEC EDGARJennifer Gudenkauf, EVP & CHRO
- 19
- 20
- 21
- 22SEC EDGARDiana Sacchi, SVP CHRO
- 23SEC EDGARRichard N. Caron, SVP Innovation
- 24
- 25
- 26
- 27SEC EDGARHubertus M. Muhlhauser, Board member
- 28SEC EDGARJanice L. Fields, Board member
- 29SEC EDGARBrian R. Gamache, Board member
- 30SEC EDGARAndreas G. Weishaar, Board member
- 31SEC EDGARAndrew Langham, Board member
- 32SEC EDGARCynthia M. Egnotovich, Board member
- 33SEC EDGARDino J. Bianco, Board member
- 34SEC EDGARJoan Kai Chow, Board member
- 35SEC EDGARThomas Dale Davis, Board member
- 36SEC EDGARTimothy J. Fenton, Board member
- 37SEC EDGARJoel H. Horn, General counsel
- 38SEC EDGARMaurice D. Jones, General counsel
- 39
- 40
- 41SEC EDGARInvesco SC 13G/A on Welbilt, Inc.