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Private company

Welbilt, Inc.

Welbilt, Inc. is an American refrigeration and service industry machinery company.2 It is headquartered in Tallahasse, United States.2

Last updated Oct 21, 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

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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

Revenue67895$1.5B in 2021−1% since 2015
0$500.0M$1.0B$1.5B$2.0B2015: $1.6B$1.6B20152016: $1.5B$1.5B2016−7%2017: $1.4B$1.4B2017−1%2018: $1.6B$1.6B2018+10%2019: $1.6B$1.6B2019+0%2020: $1.2B$1.2B2020−28%2021: $1.5B$1.5B2021+34%
Gross profit67895$559.6M in 2021+12% since 2015
0$200.0M$400.0M$600.0M2015: $501.7M$501.7M20152016: $533.8M$533.8M2016+6%2017: $536.9M$536.9M2017+1%2018: $569.2M$569.2M2018+6%2019: $566.9M$566.9M2019−0%2020: $410.0M$410.0M2020−28%2021: $559.6M$559.6M2021+36%
Operating income10$199.2M in 2016+25% since 2015
0$50.0M$100.0M$150.0M$200.0M2015: $159.9M$159.9M20152016: $199.2M$199.2M2016+25%
Net income67895$70.3M in 2021−55% since 2015
-$50.0M0$50.0M$100.0M$150.0M$200.0M2015: $156.1M$156.1M20152016: $71.5M$71.5M2016−54%2017: $132.9M$132.9M2017+86%2018: $78.2M$78.2M2018−41%2019: $55.9M$55.9M2019−29%2020: -$7.4M-$7.4M20202021: $70.3M$70.3M2021
Fiscal year2015201620172018201920202021
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

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Corporate structure

Welbilt, Inc. sits at the top of its group. 2 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Welbilt, Inc.

  • Carl C. Et Al Icahn Filed SC 13D/A on Welbilt, Inc., latest Jul 29, 2022
  • BlackRock Filed SC 13G/A on Welbilt, Inc., latest Mar 11, 2022 (2 filings since Feb 8, 2022)
  • Goldman Sachs Filed SC 13G on Welbilt, Inc., latest Feb 11, 2022
  • VANGUARD GROUP INC Filed SC 13G/A on Welbilt, Inc., latest Feb 10, 2022
  • Invesco Filed SC 13G/A on Welbilt, Inc., latest Jan 31, 2022
  • Welbilt, Inc. Tallahasse, Florida, United States
    • Enodis Newcastle Upon Tyne, United Kingdom

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Welbilt, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$430.2M9 Dec 31, 2020$421.9M9 Dec 31, 2019+2.0%
Accumulated depreciation$302.1M5 Dec 31, 2021$301.1M5 Dec 31, 2020+0.3%
Property and equipment, net$129.1M9 Dec 31, 2020$127.5M9 Dec 31, 2019+1.3%
Finance-lease assets$1.5M5 Dec 31, 2021$2.6M5 Dec 31, 2020−42.3%
Operating-lease assets (leased space)$44.2M5 Dec 31, 2021$47.5M5 Dec 31, 2020−6.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$134.2M5 Dec 31, 2021$125.0M5 Dec 31, 2020+7.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$936.3M5 Dec 31, 2021$942.9M5 Dec 31, 2020−0.7%
Intangible assets, net (excluding goodwill)$420.8M5 Dec 31, 2021$469.6M5 Dec 31, 2020−10.4%
Accumulated amortization$437.6M5 Dec 31, 2021$400.4M5 Dec 31, 2020+9.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$294.4M5 Dec 31, 2021$180.6M5 Dec 31, 2020+63.0%
Raw materials$141.5M5 Dec 31, 2021$85.6M5 Dec 31, 2020+65.3%
Work in process$18.4M5 Dec 31, 2021$13.9M5 Dec 31, 2020+32.4%
Finished goods$142.1M5 Dec 31, 2021$85.4M5 Dec 31, 2020+66.4%

Leadership

Who has led Welbilt, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Hubertus M. Muhlhauser2016–2018
  2. Josef Matosevic2018

President

  1. Hubertus M. Muhlhauser2016–2018
  2. Josef Matosevic2018

Chief financial officer

  1. John O. Stewart2016–2017
  2. Haresh Shah2017–2019
  3. Martin D. Agard2019–2022

Chief operating officer

  1. Josef Matosevic2016–2020
20202025
Board members and other officers (21)

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

  1. Jul 29, 20228-K Ended a material agreement; Completed an acquisition or sale; Debt or obligation accelerated39
  2. Jul 14, 20228-K Other events40
  3. Jul 6, 20228-K Other events41
  4. Jun 17, 20228-K Shareholder vote42
  5. May 10, 20228-K Results of operations43
  6. Apr 26, 20228-K Executive or director change44
  7. Mar 3, 20228-K Entered a material agreement; Other events45
  8. Feb 28, 20228-K Results of operations46
  9. Dec 15, 20218-K Executive or director change47
  10. Nov 2, 20218-K Results of operations48
  11. Sep 5, 2018New chief executive Josef Matosevic becomes CEO12
  12. Mar 14, 2016New chief executive Hubertus M. Muhlhauser becomes CEO13
  13. Jul 19, 2015Founded Welbilt, Inc. is founded2

Calendar

When it reported results

  1. May 10, 2022Reported quarterly or annual results43
  2. Feb 28, 2022Reported quarterly or annual results46
  3. Nov 2, 2021Reported quarterly or annual results48

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

85 filings to the SEC since October 2021: 1 annual reports, 2 quarterly reports, 10 major events, 55 insider forms, 6 large holders, 11 other. The latest 20:

  1. Aug 8, 202215-12G EDGAR
  2. Jul 29, 2022SC 13D/A EDGAR
  3. Jul 29, 20224 EDGAR
  4. Jul 29, 20224 EDGAR
  5. Jul 29, 20224 EDGAR
  6. Jul 29, 20224 EDGAR
  7. Jul 29, 20224 EDGAR
  8. Jul 29, 20224 EDGAR
  9. Jul 29, 20224 EDGAR
  10. Jul 29, 20224 EDGAR
  11. Jul 29, 20224 EDGAR
  12. Jul 29, 20224 EDGAR
  13. Jul 29, 20224 EDGAR
  14. Jul 29, 20224 EDGAR
  15. Jul 29, 2022S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
  16. Jul 29, 2022S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
  17. Jul 29, 2022S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
  18. Jul 29, 2022POSASR POST-EFFECTIVE AMENDMENT NO. 1 TO REGISTRATION STATEMENT ON FORM S-3 EDGAR
  19. Jul 29, 2022POSASR POST-EFFECTIVE AMENDMENT NO. 1 TO REGISTRATION STATEMENT ON FORM S-3 EDGAR
  20. Jul 29, 20228-K CURRENT REPORT EDGAR

The 85 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.

DateWhoTradeSharesPriceValueFiling
Nov 18, 2021GUDENKAUF JENNIFEREVP & CHROSale10,382$23.71$246.2KForm 4
Nov 9, 2021Horn Joel H.EVP, Gen Counsel and Corp SecySale2,461$23.69$58.3KForm 4
Oct 21, 2021AGARD MARTIN D.EVP Chief Financial OfficerSale23,532$23.66$556.8KForm 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.

SEC filer profile

How Welbilt, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARWelbilt, Inc.1
  • CIK0001650962
  • Employer ID (EIN)47-46257161
  • Filer statusLarge accelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)3580 Refrigeration & Service Industry Machinery1
  • Business address2227 Welbilt Boulevard, New Port Richey, FL 346551
  • Phone(727) 375-70101
  • Shares outstanding143,180,166 as of May 5, 202211
  • Public float$3.3B as of Jun 30, 20215
  • On EDGAR sinceSep 1, 20151
  • Filings570 in all: 4 (260), 8-K (82), 3 (24), DEFA14A (21), 10-Q (19), SC 13G/A (19), SC 13G (18), 11-K (12)1
    All 39 form types

    424B3 (11), CORRESP (9), 10-12B/A (8), 425 (8), 10-K (7), 4/A (7), SD (7), UPLOAD (7), DEF 14A (6), 3/A (5), EFFECT (5), S-3ASR (4), DFAN14A (3), S-8 (3), S-8 POS (3), SC 13D/A (3), DEFM14A (2), POS AM (2), POSASR (2), S-1 (2), 10-12B (1), 10-K/A (1), 15-12G (1), 25-NSE (1), 8-K/A (1), CERTNYS (1), NT 10-Q (1), PREM14A (1), S-1/A (1), S-4 (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Feb 28, 2022
    Quarterly report (10-Q) May 10, 2022
    Proxy statement (DEF 14A) Apr 29, 2022
    Latest 8-K (8-K) Jul 29, 2022

Sources

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