The Middleby Corporation Reports Third Quarter Results
The Middleby Corporation (MIDD)
Last the middleby corporation earnings: 2/26 07:00 am
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US:NASDAQ Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=85145&p=irol-irhome
Company Research
Source: Business Wire
Net sales of $943 millionDiluted earnings per share of $2.11 and adjusted net earnings per share of $2.33Operating income of $173 million and 18.4% of net salesAdjusted EBITDA of $213 million and organic adjusted EBITDA margin of 22.6%Operating cash flows of $157 millionNet leverage reduced to 2.2xCompleted the acquisition of Emery Thompson 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 third quarter of 2024."Unfavorable macro-economic conditions continued in the third quarter and grew even more challenging in our commercial foodservice segment. Lower restaurant traffic and higher food costs in recent months have put pressure on the restaurant industry. This has resulted in a greater than expected delay in facility investments and in the permanent closure of locations. As we navigate the curren
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MIDD
News
- The Middleby Co. (NASDAQ: MIDD) had its "buy" rating re-affirmed by analysts at Canaccord Genuity Group Inc.. They now have a $155.00 price target on the stock.MarketBeat
- The Middleby Co. (NASDAQ: MIDD) had its "hold" rating re-affirmed by analysts at Jefferies Financial Group Inc.. They now have a $160.00 price target on the stock, down previously from $170.00.MarketBeat
- Registration Now Open for Specialty Coffee Expo Scheduled for April 25-27, 2025, in Houston, TX; Event is Produced by The Specialty Coffee Association [Yahoo! Finance]Yahoo! Finance
- Outdoor Kitchen Cabinets Market to Grow by USD 1.70 Billion (2024-2028), Driven by Rising Online Sales of Outdoor Furniture, with AI Powering Market Evolution - Technavio [Yahoo! Finance]Yahoo! Finance
- Middleby Enhances Food Processing Group With Gorreri Acquisition [Yahoo! Finance]Yahoo! Finance
MIDD
Earnings
- 10/31/24 - Miss
MIDD
Sec Filings
- 11/14/24 - Form SC
- 11/8/24 - Form 4
- 11/7/24 - Form 10-Q
- MIDD's page on the SEC website