Revenue during the quarter dropped 5.62 percent to $289.10 million from $306.30 million in the previous year period. Gross margin for the quarter contracted 75 basis points over the previous year period to 32.07 percent. Total expenses were 96.96 percent of quarterly revenues, up from 88.97 percent for the same period last year. That has resulted in a contraction of 799 basis points in operating margin to 3.04 percent.

Operating income for the quarter was $8.80 million, compared with $33.80 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $53.60 million compared with $58.90 million in the prior year period. At the same time, adjusted EBITDA margin contracted 69 basis points in the quarter to 18.54 percent from 19.23 percent in the last year period.

"We closed the fourth quarter on a strong note at the upper end of our adjusted EBITDA guidance range, a great achievement considering the mixed industrial dynamics that persisted throughout the year," said Milacron chief executive officer, Tom Goeke. "Despite these challenging economic conditions, we remained committed to solid operating execution and increased our backlog by nearly 7 percent versus the prior year. Our MDCS segment delivered nearly double digit constant currency sales growth in the quarter, driven by continued growth in hot runners and our Fluid Technologies segment grew 6 percent on a constant currency basis. Our APPT segment continues to be challenged by weakness in the North American industrial markets which more than offset significant growth across all other regions. We are committed to continued investment in this business and building out our aftermarket field service organization and parts fulfillment to better support our customers."

The company has spent $56.40 million cash to meet investing activities during the year as against cash outgo of $73.30 million in the last year. It has incurred net capital expenditure of $56.40 million on net basis during the year, up 10.37 percent or $5.30 million from year ago.

Cash flow from financing activities was $6.20 million for the year, down 85.10 percent or $35.40 million, when compared with the last year.

Cash and cash equivalents stood at $130.20 million as on Dec. 31, 2016, up 92.89 percent or $62.70 million from $67.50 million on Dec. 31, 2015.

Working capital increases
Milacron Holdings Corp. has recorded an increase in the working capital over the last year. It stood at $355.50 million as at Dec. 31, 2016, up 9.22 percent or $30 million from $325.50 million on Dec. 31, 2015. Current ratio was at 2.41 as on Dec. 31, 2016, down from 2.45 on Dec. 31, 2015.

Debt remains almost stable
Total debt of Milacron Holdings Corp. remained almost stable for the quarter at $941.40 million, when compared with the last year period. Total debt was 54.67 percent of total assets as on Dec. 31, 2016, compared with 55.40 percent on Dec. 31, 2015. Debt to equity ratio was at 2.16 as on Dec. 31, 2016, up from 2.13 as on Dec. 31, 2015.