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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 | 0.00 | 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 (MIDD) Tops Q4 Earnings Estimates
Middleby (MIDD) came out with quarterly earnings of $2.65 per share, beating the Zacks Consensus Estimate of $2.44 per share. This compares to earnings of $2.57 per share a year ago.
The Middleby Corporation Reports Fourth Quarter Results
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net earnings for the fourth quarter of 2023. "We are proud of the accomplishments our...
Unlocking Q4 Potential of Middleby (MIDD): Exploring Wall Street Estimates for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for Middleby (MIDD), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.
Middleby Acquires GBT GmbH Bakery Technology
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of GBT GmbH Bakery Technology (GBT). Based in Lünen, Germany, the company has expertise in engineering and manufacturing high-grade industrial baking and bread lines. Annual revenues are approximately €10...
Middleby Schedules Fourth Quarter Earnings Release and Conference Call
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) will release 2023 fourth quarter earnings on Tuesday, February 20 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 Appoints Stephen Scherger and Tejas Shah to its Board of Directors
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the expansion of its Board of Directors with the appointment of Stephen Scherger and Tejas Shah. Mr. Scherger is Chief Financial Officer of Graphic Packaging Holding Company with extensive business expertise...
Middleby (MIDD) Gains From Business Strength, Risks Persist
Middleby (MIDD) benefits from strength across its businesses, solid product offerings and acquired assets. However, softness in its residential kitchen equipment business is concerning.
The Middleby Corporation: Trading At A Discount With Good Growth Prospects
The Middleby Corporation's revenues declined during the pandemic, but have since recovered to over $4 billion due to continued M&A activity. The company manufactures a wide range of equipment for the restaurant industry and has a well-diversified set of products....
Middleby (MIDD) Up 13.3% Since Last Earnings Report: Can It Continue?
Middleby (MIDD) reported earnings 30 days ago. What's next for the stock?
Middleby (MIDD) Q3 Earnings Beat, Revenues Decrease Y/Y
Middleby's (MIDD) third-quarter 2023 results benefit from lower costs, partly offset by weakness in the residential business and housing market.
Source: https://incomestatements.info
Category: Stock Reports