Milacron Holdings Corp. (NYSE:MCRN) Files An 8-K Other Events
Item8.01.
| Other Events. |
In August 2016, the Financial Accounting Standards Board issued
ASU No.2016-15, Statement of Cash Flows (Topic 230) (ASU
2016-15). ASU 2016-15 clarifies the classification of certain
cash receipts and cash payments within the statement of cash
flows to reduce diversity in practice. ASU 2016-15 is effective
beginning January1, 2018 and early adoption is permitted.
Milacron Holdings Corp. (the Company) elected to early adopt ASU
2016-15, effective January1, 2017. Upon adoption, ASU 2016-15 is
required to be adopted retrospectively. Accordingly, the Company
reclassified certain debt extinguishment costs paid for the years
ended December31, 2015 and 2014 from operating activities to
financing activities within the Companys consolidated statements
of cash flows for the years then ended. There were no
reclassifications or other changes to the Companys balance sheets
or income statements as a result of the cash flow
reclassifications. A copy of the Companys consolidated financial
statements for the three fiscal years ended December31, 2016,
which include the reclassified consolidated statements of cash
flows is included within Exhibit 99.1 to this Form8-K and is
incorporated by reference herein.
| Item9.01. | Financial Statements and Exhibits |
| 23.1 |
Consent of Ernst Young, LLP, Independent Registered Public Accounting Firm, relating to the Companys consolidated financial statements included in Exhibit 99.1. |
|
| 99.1 |
Consolidated financial statements of the Company for the three fiscal years ended December 31, 2016, including the reclassified consolidated statements of cash flows for such fiscal years. |
About Milacron Holdings Corp. (NYSE:MCRN)
Milacron Holdings Corp. is engaged in the manufacture, distribution, and service of engineered and customized systems used in the plastic technology and processing industry. The Company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies (Fluids). The APPT segment is engaged in the manufacture, distribution and service of equipment and products used in the plastic technology and processing industry, including injection molding, blow molding and extrusion applications. The MDCS segment is engaged in the manufacture of plastic delivery and precision control systems, which are recurring, consumable sales for injection molding applications. The Fluids segment is engaged in the manufacture of coolants, lubricants, process cleaners and corrosion inhibitors that are used in a range of metalworking industries, such as cutting, grinding, stamping and forming and high speed machining. Milacron Holdings Corp. (NYSE:MCRN) Recent Trading Information
Milacron Holdings Corp. (NYSE:MCRN) closed its last trading session down -0.14 at 17.46 with 943,115 shares trading hands.