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Welbilt (Welbilt) Preferred Stock : $0 Mil (As of Mar. 2022)


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What is Welbilt Preferred Stock?

Preferred stock is a special equity security that has properties of both equity and debt. Welbilt's preferred stock for the quarter that ended in Mar. 2022 was $0 Mil.

The market value of preferred stock needs to be added to the market value of common stocks in the calculation of Enterprise Value. Welbilt's Enterprise Value for the quarter that ended in Mar. 2022 was $4,776 Mil.

In the calculation of book value, the par value of preferred stocks needs to subtracted from total equity. Welbilt's Book Value per Share for the quarter that ended in Mar. 2022 was $2.58.

Dividends paid to preferred stocks need to be subtracted from net income in the calculation of Earnings per Share (Diluted). Welbilt's Earnings per Share (Diluted) for the three months ended in Mar. 2022 was $0.02.


Welbilt Preferred Stock Historical Data

The historical data trend for Welbilt's Preferred Stock can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Welbilt Preferred Stock Chart

Welbilt Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Preferred Stock
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Welbilt Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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Welbilt Preferred Stock Calculation

Preferred Stock is a special equity security that has properties of both equity and debt. It is generally considered a hybrid instrument. Preferred stock is senior to common stock, but is subordinate to bonds in terms of claim or rights to their share of the assets of the company.

Preferred stock has priority over common stock in the payment of dividends and any payments received when a company liquidates.

Preferred stock comes in many forms. It can be:


Convertible or Non-Convertible
Cumulative or Non-Cumulative
Voting or Non-Voting
Callable or Non-Callable
Maturity Date or No Maturity Date

A preferred stock without a maturity date is called a perpetual preferred stock. These are relatively rare. A good example of perpetual preferred stock is the many series of Public Storage (PSA) preferred shares that trade on the New York Stock Exchange.

Before investing in preferred stock, it is important to know which of the above groups the stock belongs to. Is it convertible or non-convertible? Are dividends cumulative or non-cumulative?

It is also critical that an investor knows what bonds the company has in front of the preferred stock. Bondholders get paid first. So the decision to buy a preferred stock can be similar to the decision to buy a bond. But, remember, the preferred stock of a company with bonds is junior to those bonds.

Unless a preferred stock is convertible, the upside in a preferred stock investment is more limited than in a common stock investment. If a company doubles its earnings, it is usually under no more obligation to double the dividends paid to preferred shareholders than it is to double the interest paid to its bankers and bondholders.So preferred stock is very different from common stock.


Welbilt  (NYSE:WBT) Preferred Stock Explanation

When a company needs capital but does not wish to issue debt, they may sell preferred stocks to investors.

For instance, during the financial crisis of 2008, Goldman Sachs (GS) issued a combination of preferred stock and common stock options for $5 billion of capital to Warren Buffett’s Berkshire Hathaway (BRK.A)(BRK.B). In this deal, Berkshire Hathaway paid $5 billion for 10% cumulative perpetual preferred stock and warrants to buy 43.5 million shares of Goldman Sachs at $115 a share. Goldman Sachs bought back the preferred in 2010. Guess how much money Warren Buffett made in this deal in two years? Read How Much Did Warren Buffett’s Berkshire Hathaway (BRK.B) Make on Its Goldman Sachs (GS) Preferred Stock?

1. The market value of Preferred Stocks needs to be added to the market value of common stocks in the calculation of enterprise value.

Welbilt's Enterprise Value for the quarter that ended in Mar. 2022 is calculated as

2. In the calculation of Book Value, the par value of Preferred Stocks needs to subtracted from total equity.

Welbilt's Book Value per Share for the quarter that ended in Mar. 2022 is calculated as

3. Dividends paid to Preferred Stocks need to be subtracted from net income in the calculation of earnings per share.

Welbilt's Earnings per Share (Diluted) (EPS) for the three months ended in Mar. 2022 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Welbilt Preferred Stock Related Terms

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Welbilt (Welbilt) Business Description

Traded in Other Exchanges
N/A
Address
2227 Welbilt Boulevard, New Port Richey, FL, USA, 34655
Welbilt Inc is engaged in the designing, manufacturing and supplying of equipment for the commercial foodservice market which is used by commercial and institutional foodservice operators including full-service restaurants, quick-service restaurant chains, hotels, resorts, cruise ships, caterers, supermarkets, convenience stores, hospitals, schools, and other institutions. The group offers various products such as grills, induction cookers braising pans, steamers, and others under the brand name such as Cleveland, Convotherm, Delfield, Frymaster, and others. The firm's geographical segments include Americas, EMEA, and APAC. It generates a majority of its revenue from the Americas.
Executives
Joan Kai Chow director 215 W DIEHL ROAD, NAPERVILLE IL 60563
William Johnson director, officer: President and CEO 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Andrew Langham director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Janice L Fields director 800 NORTH LINDBERGH BLVD., ST. LOUIS MO 63167
Joel H. Horn officer: EVP, Gen Counsel and Corp Secy 2227 WELBILT BOULEVARD NEW PORT RICHEY FL 34655
Brian R Gamache director
Cynthia M Egnotovich director
Martin D. Agard officer: EVP Chief Financial Officer 3000 JOHN DEERE ROAD, TOANO VA 23168
Kimberly Ann Perez officer: VP, Chief Accounting Officer 4211 W. BOY SCOUT BLVD. TAMPA FL 33607
Richard James Sheffer officer: VP, IR, Risk Mgmt, Treasurer MANITOWOC FOODSERVICE INC. 2227 WELBILT BLVD. NEW PORT RICHEY FL 34655
Dino J Bianco director C/O KRAFT FOODS GROUP, THREE LAKES DRIVE, NORTHFIELD IL 60093
Jennifer Gudenkauf officer: EVP & CHRO 2227 WELBILT BLVD NEW PORT RICHEY FL 34655
Richard N. Caron officer: SVP Innovation MANITOWOC FOODSERVICE INC 2227 WELBILT BLVD NEW PORT RICHEY FL 34655
Josef Matosevic officer: SVP Chief Operating Officer 1500 WEST UNIVERSITY PARKWAY, SARASOTA FL 34243
Jamie E Palm officer: VP, Corp Controller, CAO 1725 SHEPHERD ROAD, CHATTANOOGA TN 37421