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Complete financial analysis of The Middleby Corporation (MIDD) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of The Middleby Corporation, a leading company in the Industrial – Machinery industry within the Industrials sector.
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The Middleby Corporation (MIDD)
About The Middleby Corporation
The Middleby Corporation designs, manufactures, markets, distributes, and services a range of foodservice, food processing, and residential kitchen equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; and soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment, fry dispensers, bottle filling and canning equipment, and IoT solutions. The company's Food Processing Equipment Group segment provides batch, baking, proofing, conveyor belt, and continuous processing ovens; frying and automated thermal processing systems; tumblers, massagers, grinders, slicers, reduction and emulsion systems, mixers, formers, and blenders; battering, breading, and seeding equipment; water cutting systems, food presses, food suspension equipment, filling and depositing solutions, and forming equipment; and food safety, food handling, freezing, and defrosting and packaging equipment for customers producing hot dog, dinner sausage, poultry, and lunchmeat, as well as muffin, cookie, and bread products. Its Residential Kitchen Equipment Group segment offers kitchen equipment comprising cookers, stoves, dishwashers, microwaves, cooktops, wine coolers, ice machines, and ventilation and outdoor equipment. The company was formerly known as Middleby Marshall Oven Company and changed its name to The Middleby Corporation in 1985. The company was founded in 1888 and is based in Elgin, Illinois.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.04B | 4.03B | 3.25B | 2.51B | 2.96B | 2.72B | 2.34B | 2.27B | 1.83B | 1.64B | 1.43B | 1.04B | 855.91M | 719.12M | 646.63M | 651.89M | 500.47M | 403.13M | 316.67M | 271.12M | 235.40M | 229.11M | 101.55M | 126.89M | 132.50M | 132.30M | 148.30M | 124.80M | 139.20M | 130.00M | 121.60M | 110.00M | 103.00M | 113.00M | 72.20M | 34.20M | 29.10M | 24.60M | 27.80M |
| Cost of Revenue | 2.50B | 2.59B | 2.06B | 1.63B | 1.86B | 1.72B | 1.42B | 1.37B | 1.12B | 995.95M | 878.67M | 635.19M | 511.77M | 432.44M | 396.00M | 403.75M | 308.11M | 246.25M | 195.02M | 168.49M | 149.55M | 150.61M | 70.05M | 78.04M | 88.10M | 92.90M | 99.50M | 84.50M | 96.10M | 91.30M | 88.30M | 73.10M | 68.10M | 75.00M | 48.60M | 19.00M | 17.00M | 15.90M | 16.60M |
| Gross Profit | 1.53B | 1.45B | 1.19B | 882.05M | 1.10B | 1.00B | 912.74M | 901.18M | 706.51M | 640.59M | 550.01M | 402.99M | 344.14M | 286.68M | 250.63M | 248.14M | 192.37M | 156.88M | 121.65M | 102.63M | 85.85M | 78.50M | 31.50M | 48.85M | 44.40M | 39.40M | 48.80M | 40.30M | 43.10M | 38.70M | 33.30M | 36.90M | 34.90M | 38.00M | 23.60M | 15.20M | 12.10M | 8.70M | 11.20M |
| Gross Profit Ratio | 38.00% | 35.87% | 36.76% | 35.10% | 37.29% | 36.88% | 39.08% | 39.74% | 38.68% | 39.14% | 38.50% | 38.82% | 40.21% | 39.86% | 38.76% | 38.07% | 38.44% | 38.91% | 38.42% | 37.85% | 36.47% | 34.26% | 31.02% | 38.50% | 33.51% | 29.78% | 32.91% | 32.29% | 30.96% | 29.77% | 27.38% | 33.55% | 33.88% | 33.63% | 32.69% | 44.44% | 41.58% | 35.37% | 40.29% |
| Research & Development | 53.10M | 48.90M | 41.80M | 35.30M | 41.20M | 35.30M | 29.10M | 26.30M | 22.40M | 22.60M | 21.40M | 14.10M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 754.55M | 622.91M | 491.90M | 564.09M | 0.00 | 0.00 | 220.55M | 181.80M | 164.09M | 149.91M | 108.78M | 104.31M | 88.12M | 74.95M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 42.68M | 45.07M | 40.00M | 19.61M | 0.00 | 0.00 | 223.88M | 193.35M | 182.58M | 155.64M | 106.13M | 91.11M | 75.77M | 64.24M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 794.44M | 797.23M | 667.98M | 531.90M | 583.70M | 538.84M | 436.49M | 444.43M | 375.15M | 346.67M | 305.55M | 214.91M | 195.43M | 163.89M | 139.19M | 128.52M | 99.43M | 79.98M | 63.68M | 53.61M | 50.84M | 48.77M | 23.57M | 33.34M | 33.10M | 33.10M | 32.80M | 28.80M | 29.40M | 27.50M | 28.70M | 27.70M | 29.60M | 25.40M | 16.10M | 8.00M | 6.50M | 7.30M | 7.80M |
| Other Expenses | 51.65M | 13.79M | 46.67M | 22.24M | 31.19M | 36.29M | -829.00K | -1.04M | -4.47M | -4.05M | -2.78M | -4.41M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 12.65M | 62.00K | 0.00 | 0.00 | 3.66M | 3.50M | 3.20M | 3.00M | 2.80M | 3.40M | 2.40M | 3.10M | 3.90M | 4.20M | 4.10M | 2.20M | 900.00K | 800.00K | 700.00K | 800.00K |
| Operating Expenses | 899.19M | 797.23M | 667.98M | 531.90M | 583.70M | 538.84M | 436.49M | 444.43M | 375.15M | 346.67M | 305.55M | 214.91M | 195.43M | 163.89M | 139.19M | 128.52M | 99.43M | 79.98M | 63.68M | 66.26M | 50.90M | 48.77M | 23.57M | 37.00M | 36.60M | 36.30M | 35.80M | 31.60M | 32.80M | 29.90M | 31.80M | 31.60M | 33.80M | 29.50M | 18.30M | 8.90M | 7.30M | 8.00M | 8.60M |
| Cost & Expenses | 3.40B | 3.38B | 2.72B | 2.16B | 2.44B | 2.26B | 1.86B | 1.81B | 1.50B | 1.34B | 1.18B | 850.09M | 707.20M | 596.33M | 535.19M | 532.27M | 407.54M | 326.23M | 258.70M | 234.74M | 200.45M | 199.38M | 93.62M | 115.04M | 124.70M | 129.20M | 135.30M | 116.10M | 128.90M | 121.20M | 120.10M | 104.70M | 101.90M | 104.50M | 66.90M | 27.90M | 24.30M | 23.90M | 25.20M |
| Interest Income | 0.00 | 88.98M | 57.16M | 78.62M | 82.61M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 120.35M | 88.98M | 57.16M | 78.62M | 82.61M | 58.74M | 25.98M | 23.88M | 16.97M | 15.59M | 15.90M | 9.24M | 8.50M | 8.59M | 11.59M | 12.98M | 0.00 | 6.93M | 6.44M | 0.00 | 5.89M | 0.00 | 0.00 | 1.20M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 125.40M | 130.50M | 118.48M | 108.09M | 101.85M | 97.24M | 69.77M | 56.10M | 54.07M | 41.25M | 43.16M | 26.90M | 19.71M | 17.01M | 15.89M | 12.39M | 6.36M | 4.86M | 3.55M | 3.61M | 3.99M | 6.28M | 3.58M | 3.66M | 3.50M | 3.20M | 3.00M | 2.80M | 3.40M | 2.40M | 3.10M | 3.90M | 4.20M | 4.10M | 2.20M | 900.00K | 800.00K | 700.00K | 800.00K |
| EBITDA | 797.35M | 780.39M | 776.67M | 457.21M | 648.34M | 579.91M | 478.35M | 500.06M | 385.43M | 342.24M | 296.73M | 210.58M | 168.66M | 139.84M | 127.21M | 129.11M | 99.29M | 81.92M | 61.66M | 40.46M | 38.94M | 29.73M | 7.93M | 15.51M | 11.30M | 6.30M | 16.00M | 11.50M | 13.70M | 11.20M | 4.60M | 9.20M | 5.30M | 12.60M | 7.50M | 7.20M | 5.60M | 1.40M | 3.40M |
| EBITDA Ratio | 19.75% | 16.44% | 17.64% | 14.82% | 18.62% | 18.42% | 20.36% | 20.09% | 17.90% | 20.23% | 16.92% | 20.28% | 17.37% | 19.44% | 17.23% | 20.62% | 19.66% | 20.32% | 19.47% | 19.24% | 16.67% | 15.99% | 12.12% | 13.41% | 10.79% | 8.09% | 11.06% | 9.13% | 10.92% | 9.23% | -2.14% | 9.36% | 6.31% | 12.21% | 11.36% | 20.76% | 26.12% | 6.10% | 12.23% |
| Operating Income | 634.87M | 639.60M | 448.31M | 324.43M | 514.04M | 445.97M | 410.34M | 446.23M | 302.60M | 300.43M | 244.46M | 188.08M | 148.71M | 122.79M | 111.44M | 119.62M | 92.93M | 76.90M | 57.97M | 38.26M | 35.02M | 29.73M | 7.93M | 11.85M | 7.80M | 3.10M | 13.00M | 8.70M | 10.30M | 8.80M | 1.50M | 5.30M | 1.10M | 8.50M | 5.30M | 6.30M | 4.80M | 700.00K | 2.60M |
| Operating Income Ratio | 15.73% | 15.86% | 13.79% | 12.91% | 17.37% | 16.38% | 17.57% | 19.68% | 16.57% | 18.36% | 17.11% | 18.12% | 17.37% | 17.07% | 17.23% | 18.35% | 18.57% | 19.08% | 18.31% | 14.11% | 14.87% | 12.98% | 7.81% | 9.34% | 5.89% | 2.34% | 8.77% | 6.97% | 7.40% | 6.77% | 1.23% | 4.82% | 1.07% | 7.52% | 7.34% | 18.42% | 16.49% | 2.85% | 9.35% |
| Total Other Income/Expenses | -115.49M | -75.19M | -10.49M | -56.37M | -51.42M | -22.45M | 4.92M | 2.29M | -21.44M | -19.64M | -18.68M | -13.64M | -8.26M | -8.55M | -11.72M | -15.40M | -4.95M | -7.09M | -6.57M | -4.42M | -6.20M | -11.80M | -1.53M | -2.71M | -5.60M | -7.30M | -4.70M | -4.20M | -6.70M | -4.80M | 2.10M | -1.10M | -1.20M | -9.40M | -4.20M | -1.00M | -3.50M | -100.00K | -2.10M |
| Income Before Tax | 519.38M | 564.42M | 619.50M | 268.06M | 462.62M | 423.51M | 383.53M | 421.31M | 281.17M | 280.79M | 225.78M | 174.44M | 140.45M | 114.24M | 99.73M | 104.22M | 87.98M | 69.81M | 51.40M | 33.84M | 28.82M | 17.94M | 6.40M | 9.14M | 2.20M | -4.20M | 8.30M | 4.50M | 3.60M | 4.00M | 3.60M | 4.20M | -100.00K | -900.00K | 1.10M | 5.30M | 1.30M | 600.00K | 500.00K |
| Income Before Tax Ratio | 12.87% | 14.00% | 19.06% | 10.67% | 15.63% | 15.55% | 16.42% | 18.58% | 15.39% | 17.16% | 15.80% | 16.80% | 16.41% | 15.89% | 15.42% | 15.99% | 17.58% | 17.32% | 16.23% | 12.48% | 12.24% | 7.83% | 6.30% | 7.21% | 1.66% | -3.17% | 5.60% | 3.61% | 2.59% | 3.08% | 2.96% | 3.82% | -0.10% | -0.80% | 1.52% | 15.50% | 4.47% | 2.44% | 1.80% |
| Income Tax Expense | 118.50M | 127.85M | 131.01M | 60.76M | 110.38M | 106.36M | 85.40M | 137.09M | 89.56M | 87.48M | 71.85M | 53.74M | 44.98M | 41.37M | 38.57M | 40.32M | 35.37M | 27.43M | 19.22M | 10.26M | 10.12M | 6.32M | 4.76M | 5.37M | 3.20M | -200.00K | 2.50M | 1.40M | 100.00K | 900.00K | 200.00K | 7.20M | 8.60M | 100.00K | 500.00K | 1.10M | 700.00K | 1.80M | 400.00K |
| Net Income | 400.88M | 436.57M | 488.49M | 207.29M | 352.24M | 317.15M | 298.13M | 284.22M | 191.61M | 193.31M | 153.93M | 120.70M | 95.47M | 72.87M | 61.16M | 63.90M | 52.61M | 42.38M | 32.18M | 23.59M | 18.70M | 17.13M | 1.64M | 4.01M | -1.00M | -4.00M | 5.20M | 500.00K | 3.50M | 3.10M | 3.40M | -1.90M | -7.50M | -1.00M | 600.00K | 4.20M | 600.00K | -1.10M | 100.00K |
| Net Income Ratio | 9.93% | 10.83% | 15.03% | 8.25% | 11.90% | 11.65% | 12.76% | 12.53% | 10.49% | 11.81% | 10.77% | 11.63% | 11.15% | 10.13% | 9.46% | 9.80% | 10.51% | 10.51% | 10.16% | 8.70% | 7.94% | 7.48% | 1.61% | 3.16% | -0.75% | -3.02% | 3.51% | 0.40% | 2.51% | 2.38% | 2.80% | -1.73% | -7.28% | -0.88% | 0.83% | 12.28% | 2.06% | -4.47% | 0.36% |
| EPS | 7.48 | 8.07 | 8.85 | 3.76 | 6.33 | 5.71 | 5.26 | 4.98 | 3.36 | 3.41 | 2.76 | 2.22 | 1.77 | 1.36 | 1.16 | 1.33 | 1.12 | 0.92 | 0.71 | 0.43 | 0.34 | 0.11 | 0.03 | 0.06 | -0.02 | -0.06 | 0.10 | 0.01 | 0.07 | 0.06 | 0.28 | -0.04 | -0.15 | -0.02 | 0.01 | 0.10 | 0.01 | -0.04 | 0.00 |
| EPS Diluted | 7.41 | 7.95 | 8.62 | 3.76 | 6.33 | 5.70 | 5.26 | 4.98 | 3.36 | 3.40 | 2.74 | 2.20 | 1.72 | 1.32 | 1.10 | 1.25 | 1.04 | 0.86 | 0.66 | 0.40 | 0.33 | 0.11 | 0.03 | 0.06 | -0.02 | -0.06 | 0.10 | 0.01 | 0.07 | 0.05 | 0.28 | -0.04 | -0.15 | -0.02 | 0.01 | 0.10 | 0.01 | -0.04 | 0.00 |
| Weighted Avg Shares Out | 53.58M | 54.10M | 55.22M | 55.09M | 55.65M | 55.58M | 56.72M | 57.03M | 56.95M | 56.76M | 55.83M | 54.38M | 53.99M | 53.40M | 52.82M | 47.93M | 47.08M | 45.86M | 45.08M | 55.20M | 54.39M | 53.94M | 53.89M | 59.83M | 60.97M | 64.86M | 52.88M | 50.00M | 52.50M | 56.36M | 49.41M | 49.57M | 50.00M | 50.00M | 51.43M | 44.21M | 45.00M | 30.00M | 30.00M |
| Weighted Avg Shares Out (Dil) | 54.09M | 54.95M | 56.67M | 55.14M | 55.66M | 55.60M | 56.72M | 57.09M | 56.97M | 56.78M | 56.27M | 54.81M | 55.60M | 55.01M | 55.73M | 51.09M | 50.81M | 49.55M | 48.56M | 59.59M | 56.35M | 54.79M | 53.98M | 60.55M | 61.66M | 64.86M | 53.79M | 60.00M | 52.50M | 58.13M | 49.41M | 49.57M | 50.00M | 50.00M | 51.43M | 44.21M | 45.00M | 30.00M | 30.00M |
Middleby Schedules Fourth Quarter Earnings Release and Conference Call
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) will release 2022 fourth quarter earnings on Tuesday, February 21 before the market opens. The company has scheduled a conference call to discuss the results at 11 a.m. Eastern/10 a.m. Central Time on...
Middleby Acquires Flavor Burst Innovation for Beverage and Soft Serve
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Flavor Burst, an innovative technology used in a variety flavored beverage and soft serve products. The company is based in Danville, Ind. and has annual revenues of $5...
Middleby Acquires Flavor Burst Innovation for Beverage and Soft Serve
ELGIN, Ill.--( BUSINESS WIRE )--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Flavor Burst, an innovative technology used in a variety flavored beverage and soft serve products. The company is based in Danville, Ind. and has annual revenues...
Middleby (MIDD) Acquires Dublin-Based Marco Beverage System
Middleby's (MIDD) Marco Beverage Systems buyout expands its cold brew dispense, coffee brewers and a variety of hot, cold and sparkling water dispenser offerings.
Here's Why You Should Steer Clear of Middleby (MIDD) Now
Middleby (MIDD) experiences cost inflation coupled with supply-chain woes. High debt levels and forex woes are added concerns for the company.
Middleby Acquires Marco Beverage Systems, Adds Innovative Beverage Solutions
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition Marco Beverage Systems a designer and manufacturer of innovative and energy-efficient beverage dispense solutions. Based in Dublin, Ireland, Marco has annual revenues of $30 million. “Marco is a leader...
Middleby Acquires Marco Beverage Systems, Adds Innovative Beverage Solutions
ELGIN, Ill.--( BUSINESS WIRE )--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition Marco Beverage Systems a designer and manufacturer of innovative and energy-efficient beverage dispense solutions. Based in Dublin, Ireland, Marco has annual revenues of $30 million.
Why Is Middleby (MIDD) Up 1.4% Since Last Earnings Report?
Middleby (MIDD) reported earnings 30 days ago. What's next for the stock?
Middleby Posts Analyst Presentation
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) has posted its recent Analyst Day presentation on the company website. The materials can be accessed on the investor page at www.middleby.com. The Middleby Corporation is a global leader in the foodservice industry....
Middleby Posts Analyst Presentation
ELGIN, Ill.--( BUSINESS WIRE )--The Middleby Corporation (NASDAQ: MIDD) has posted its recent Analyst Day presentation on the company website. The materials can be accessed on the investor page at www.middleby.com.
Source: https://incomestatements.info
Category: Stock Reports