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.

Earnings data Q1 2021

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Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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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Middleby's (MIDD) acquisition of Wild Goose Filling will create strong growth opportunities for the company in the canned beverages market.

Middleby's (MIDD) Wild Goose Buyout to Boost Beverages Portfolio

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Wild Goose Filling, a leader in the design, manufacture and service of specialty liquid filling systems and highly-engineered food and beverage packaging equipment, based in Louisville, Colo. The company brands are Wild Goose, Inline Filling Systems and Meheen which together generate $35 million in annual revenues. “Wild Goose Filling is the domestic market leader in craft beverage filling a

Middleby Acquires Wild Goose Filling

Middleby (MIDD) reported earnings 30 days ago. What's next for the stock?

Middleby (MIDD) Up 14.4% Since Last Earnings Report: Can It Continue?

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Middleby's (MIDD) Q3 earnings results reflect the adverse impact of the pandemic on its operations, especially for the Commercial Foodservice Equipment Group. Also, weak margins hurt results.

Middleby (MIDD) Q3 Earnings & Sales Beat Estimates, Fall Y/Y

The Middleby Corporation (MIDD) CEO Timothy FitzGerald on Q3 2020 Results - Earnings Call Transcript

Sales and profits slipped -- but not as badly as feared.

Why Middleby Stock Just Shot Up 16%

Middleby (MIDD) delivered earnings and revenue surprises of 31.37% and 6.32%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Middleby (MIDD) Q3 Earnings and Revenues Top Estimates

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the launch of Bluezone by Middleby, a patented, advanced technology for indoor air purification. Middleby recently entered into an exclusive licensing agreement and made an investment in Bluezone Products Inc., the developer of the no-filter air purification system used by the U.S. military that destroys 99.9995% of viruses and other indoor contaminants such as bacteria, mold and gases impacting indoor air qua

Bluezone® By Middleby Patented Indoor Air Purification System Now Available

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Middleby (MIDD) stands to benefit from a strong product portfolio, improving order trends, solid backlog and acquisitions. However, its debt level remains high.

Middleby Stock Up 26.4% in 3 Months: What's Driving it?

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The maker of professional-grade ovens and kitchen ventilation systems crushed Wall Street's second-quarter expectations.

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Why Is Middleby (MIDD) Down 4.5% Since Last Earnings Report?

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Middleby (MIDD) prices $650 million worth of convertible senior notes offering. The proceeds will be used for the satisfaction of general corporate purposes and repaying debts.

Middleby (MIDD) Prices $650M Worth of Senior Notes Offering

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (Nasdaq: MIDD; “Middleby” or the “Company”), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing and residential kitchen industries, today announced that it has priced $650 million aggregate principal amount of 1.00% convertible senior notes due 2025 (the “notes”).

The Middleby Corporation Prices Upsized Offering of $650 Million Convertible Senior Notes Due 2025

Middleby's (MIDD) decides to amend its senior credit facility and offer senior notes. The moves are in sync with its plans to reshape its capital structure.

Middleby (MIDD) Starts Actions to Reframe Capital Structure

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation, Inc.

Middleby Announces Strategic Financing Transactions

The Middleby Corporation to Offer $550 Million Convertible Senior Notes Due 2025

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Middleby's (MIDD) Q2 earnings results reflect the adverse impacts of the pandemic on its operations, leading to lower organic sales in all segments, and weakness in margins.

Middleby (MIDD) Q2 Earnings Surpass Estimates, Decline Y/Y

The Middleby Corporation (MIDD) CEO Timothy FitzGerald on Q2 2020 Results - Earnings Call Transcript

News for Middleby Stock (MIDD)