Middleby

The Middleby Corp. engages in the design, manufacture, marketing, and distribution of foodservice equipment. It operates through the following segments: Commercial Foodservice Equipment Group, Food Processing Equipment Group, Residential Kitchen Equipment Group, and Corporate and Other. The Commercial Foodservice Equipment Group segment manufactures, sells, and distributes foodservice equipment for the restaurant and institutional kitchen industry. The Food Processing Equipment Group segment manufactures preparation, cooking, packaging, food handling, and food safety equipment for the food processing industry. The Residential Kitchen Equipment Group segment manufactures, sells, and distributes kitchen equipment such as cookers, stoves, ovens, refrigerators, dishwashers, microwaves, cooktops, wine coolers, ice machines, ventilation, and outdoor equipment for the residential market. The Corporate and Other segment refers to the corporate and other general company assets and operations. The company was founded in 1888 and is headquartered in Elgin, IL.

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Earnings data Q4 2024

Middleby achieves record 2022 results, eyes growth amid challenges

Middleby concluded 2022 with record results, strong performance in Q4, and a positive outlook for 2023. Strategic investments in innovation, acquisitions, and new products have positioned the company for growth. Despite challenges, Middleby aims for new profitability records in 2023, leveraging opportunities in inventory reset, improved supply chains, and backlog growth.

Middleby Corporation reports solid Q1 results, eyes margin improvement

Middleby's Q1 2023 performance showcased strength in commercial food service and food processing, offset by challenges in the residential segment. The company's strategic investments and focus on improving margins position it well for future growth.

Middleby reports record Q2 revenues, anticipates stronger second half

Middleby's record Q2 performance driven by Commercial Foodservice and Food Processing segments, despite challenges in Residential.
Focus on innovation, acquisitions, and supply chain improvements to enhance profitability.
Confidence in a stronger second half of 2023 with new product launches and market demand.
Challenges include destocking, interest rates, and seasonality, but opportunities lie in sustainability and M&A.

Middleby (MIDD) reports record Q3 earnings, eyes growth opportunities

Middleby's Q3 performance showcased financial strength and operational excellence, with a focus on innovation, sustainability, and market expansion. Despite challenges, the company remains confident in long-term growth prospects, backed by strategic investments and a resilient business model.

Middleby reports record earnings in 2023, eyes global expansion

Middleby navigated challenges in 2023 to achieve record financial performance, demonstrating resilience and operational efficiency.
Strategic investments in innovation, operational improvements, and pricing initiatives position Middleby for future growth and margin expansion.
While facing market uncertainties in 2024, Middleby remains optimistic about improving conditions, focusing on innovation, operational excellence, and cash flow generation.
The company's focus on technological advancements, global expansion, and customer-driven strategies presents opportunities for sustained growth and profitability.

Middleby overcomes Q1 challenges, focuses on innovation and growth

Middleby navigated challenges in Q1 but showed resilience with improving order activity and market share gains in new product categories, emphasizing automation and innovation.
Despite revenue declines in certain segments, Middleby's strong operating cash flows and focus on operational efficiency position them for sequential revenue growth and improved margins throughout the year.
Management's strategic initiatives, including product differentiation, cost control, and price adjustments, reflect a proactive approach to address current challenges and capitalize on growth opportunities.

Middleby (MIDD) reports strong Q2 earnings, anticipates revenue growth

Middleby's Q2 2024 earnings call showcased strong financial performance, order growth, and margin expansion across its business segments. Despite revenue declines, the company remains optimistic about future revenue growth and profitability. Strategic investments in new market opportunities and product innovations position Middleby for sustained success.

Middleby reports resilient Q3 performance, eyes growth opportunities ahead

Middleby navigated challenges in Q3 with a focus on margin expansion and operational efficiency. Strategic investments in new products and customer engagement are key drivers for future growth. Positive outlook for Q4 and beyond with a strong pipeline in Food Processing.

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Welbilt

NEW YORK, April 21, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Welbilt, Inc. ("Welbilt" or the "Company") (NYSE: WBT) in connection with the proposed acquisition of the Company by The Middleby Corporation ("Middleby") (NASDAQ: MIDD). Under the terms of the merger agreement, Welbilt's shareholders will receive 0.1240 shares of Middlebly common stock for each share of Welbilt common stock that they hold, representing implied per-share merger consideration of approximately $20.69 based upon Middleby's April 20, 2021 closing price of $166.83.

SHAREHOLDER ALERT: WeissLaw LLP Investigates Welbilt, Inc.

Find out what UiPath and Welbilt had to say to investors on a strong market day.

IPOs, M&A Activity Drive Stock Markets Higher on Wednesday

NEW YORK, April 21, 2021 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Welbilt, Inc. (NYSE: WBT) and its board of directors concerning the proposed acquisition of the company by The Middleby Corporation (NASDAQ: MIDD). Stockholders will receive 0.1240 shares of Middleby common stock for each share of Welbilt stock that they hold.

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Welbilt, Inc.

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of The Middleby Corporation (NASDAQ: MIDD) and Welbilt, Inc. is fair to Middleby shareholders. Welbilt shareholders are expected to receive Middleby stock in connection with the merger. Upon closing of the transaction, Middleby shareholders will own approximately 76% of the combined company on a fully diluted basis. Halper Sadeh encourages Middleby shareholders to click here to le

Middleby Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Merger of The Middleby Corporation Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – MIDD

Welbilt jumped as much as 22% during premarket hours on Wednesday after The Middleby Corporation announced it will acquire the Florida-based foodservice equipment company in a $2.9 billion all-stock deal.  Welbilt shareholders will receive a fixed exchange ratio of 0.1240x shares of Middleby common stock for each share of Welbilt in the deal which is expected to close in late 2021.

Welbilt jumps 22% after Middleby announces it will acquire the foodservice equipment company for $2.9 billion (WBT, MIDD)

Middleby Corp. said Wednesday it has agreed to acquire Welbilt Inc. in an all-stock deal with an enterprise value of $4.3 billion, that will create a leading food equipment company with a commercial foodservice portfolio. Under the terms of the deal, Welbilt shareholders will receive 0.1240 shares of Middleby common stock for each share owned.

Middleby to acquire Welbilt in all-stock deal valued at $4.3 billion

ELGIN, Ill. & NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) and Welbilt, Inc. (NYSE: WBT) have entered into a definitive agreement under which Middleby will acquire Welbilt in an all-stock transaction, enhancing the Middleby Commercial Foodservice platform with an attractive portfolio of products, brands and technologies. This transaction will bring together two complementary businesses, accelerate the Middleby growth strategy into key markets globally and incr

The Middleby Corporation to Acquire Welbilt, Inc.

ELGIN, Ill.--(BUSINESS WIRE)--TurboChef Technologies, LLC, a leader in accelerated cooking technologies, and a Middleby Corporation company (NASDAQ: MIDD), introduces PLEXOR, a generational advancement in ventless, automated, modular, and high-speed cooking. PLEXOR provides a multi-technology, flexible cooking platform in an optimized footprint. Automated oven loading and unloading ensure precise cooking, while reducing labor and maximizing kitchen efficiency. PLEXOR's first of a kind modular d

TurboChef Announces the Next Breakthrough in Cooking Technology

ELGIN, Ill.--(BUSINESS WIRE)--Middleby announces its investment with Vyv, for use of the company's proprietary, antimicrobial LED technology.

Middleby Announces Partnership with Vyv to Offer Proprietary Antimicrobial Technology

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Middleby (MIDD) is likely to benefit from product innovation and technological-advancement actions, along with acquired assets. Its strong liquidity position also bodes well.

Middleby (MIDD) to Benefit From Products & Acquisitions

Middleby (MIDD) saw a big move last session, as its shares jumped nearly 9% on the day, amid huge volumes.

Middleby (MIDD) in Focus: Stock Moves 8.8% Higher

The Middleby Corporation (MIDD) CEO Timothy FitzGerald on Q4 2020 Results - Earnings Call Transcript

The food service and kitchen equipment leader posted analyst-stumping results in the fourth quarter of 2020.

Why Middleby Stock Is Cooking With Gas Today

Shares of The Middleby (NASDAQ:MIDD) remained unaffected after the company reported Q4 results. Quarterly Results Earnings per share decreased 19.00% over the past year to $1.62, which beat the estimate of $1.41.

Recap: Middleby Q4 Earnings

The Middleby (NASDAQ:MIDD) announces its next round of earnings this Monday, March 01. Here is Benzinga's everything-that-matters guide for this Monday's Q4 earnings announcement.

Earnings Preview for The Middleby

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) is proud to announce the grand opening of the Middleby Innovation Kitchens (the MIK) located in the Dallas area. The expansive 40,000-square-foot, fully functional facility features more than 150 live pieces of equipment showcasing the latest cooking, beverage, automation, and IoT innovations from Middleby. Information about the MIK including videos, photos, descriptions of the specialty areas and booking request submissions

Middleby Opens State-of-the-Art Innovation Kitchens Showcasing Advanced Solutions

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the retirement of Chief Operating Officer David Brewer, effective at the end of 2021. Dave joined Middleby in 2006 and held senior management positions before being named Chief Operating Officer. During his tenure with Middleby, he has offered key insights and strategic counsel in more than 50 acquisitions completed across three business platforms. He was part of the leadership team responsible for revenue inc

David Brewer to Retire as Chief Operating Officer of Middleby

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced promotions expanding the executive team. The new roles will support the execution of key strategic initiatives and continued growth at leading business segments within the company. James K. Pool III and Steve Spittle have been named officers of Middleby. James has been named to Chief Technology and Operations Officer. Steve has been appointed to Chief Commercial Officer. “I am excited to announce the addition

Middleby Announces Senior Management Promotions

Middleby (MIDD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Middleby (MIDD) Beat Estimates Again in Its Next Earnings Report?

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Middleby's (MIDD) acquisition of United Foodservice Equipment Group will create strong growth opportunities for the company in the commercial foodservice equipment market.

Middleby (MIDD) Buys United Foodservice, Expands China Offerings

Middleby (MIDD) stands to benefit from revival of its restaurant business, investments in product innovation and technological advancement actions. The pandemic-led market downturn is concerning.

Middleby (MIDD) Displays Solid Prospects Amid Pandemic Scare

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Zhuhai Guangdong China-based United Foodservice Equipment Group. The company is a leader in the design, manufacture and supply of counter top commercial foodservice equipment with recent annual revenues of approximately $10 million. “This strategic acquisition expands our capabilities in a key global location and high-demand market. We expect continued growth in Asia and this acquisition str

Middleby Acquires United Foodservice

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News for Middleby Stock (MIDD)