Welbilt, Inc. (NYSE:WBT) Q3 2019 Earnings Conference Call - Final Transcript

Nov 05, 2019 • 10:00 am ET

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Welbilt, Inc. (NYSE:WBT) Q3 2019 Earnings Conference Call - Final Transcript

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Q & A
Executive
BiIl Johnson

move out from quarter to quarter. I've seen them more infrequently role in, their pull-in, but that does happen from time to time. Usually it doesn't roll off the table. So, it just move somewhere else. And they tend to be rather large projects.

So they do have a meaningful effect on your results from quarter to quarter and that's why you see the choppiness and that's why we call them out because it's really hard to overcome them with just general market type behavior. But with that being said, the biggest part of our business is general market. And so, there is some stability there. And yeah, we haven't seen the smaller restaurants with smaller chains. We haven't seen -- the replacement business, I think, it was Jamie had the question.

Analyst
Rob Wertheimer

Yeah.

Executive
BiIl Johnson

Replacement business is still moving along fine.

Analyst
Rob Wertheimer

Okay. That's very helpful. Thank you. And then, I mean, you touched on this earlier as well. But looking into 2020, do you expect any revenue negative disruption from factory works that you're doing or right now that's not something you anticipate.

Executive
BiIl Johnson

No, I would say, we've been able to keep that noise so pretty muted to this point. As we go through the transformation process we're getting better and better at this in identifying ahead of time where we have -- where we might have issues. So, hopefully, it's a small impact and not something that we have to call out too much.

Analyst
Rob Wertheimer

Thank you.

Executive
BiIl Johnson

Yeah.

Operator
Operator

We have no further questions, I turn the call back over to Mr. Bill Johnson for closing remarks.

Executive
BiIl Johnson

Thank you. To conclude today's call, I want to reiterate that I believe Welbilt has the right strategy to focus on profitable growth and drive significantly more dollars to the bottom line. We expect to drive our profitable growth by improving our go-to-market approach to deliver more dollars of sales and by improving operations and therefore margins.

Our Transformation Program is ahead of schedule and I believe our investments in this program will become apparent to investors as we move into 2020. I have confidence in this team to continue delivering profitable growth and delevering the balance sheet. This concludes today's 2019 third quarter earnings call. Thanks again for joining us this morning, and have a great day.

Operator
Operator

[Operator Closing Remarks]