The Middleby Corporation (NASDAQ: MIDD) |
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Price: $165.1000
$0.58
0.353%
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Day's High:
| $165.72
| Week Perf:
| -1.2 %
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Day's Low: |
$ 160.68 |
30 Day Perf: |
20.77 % |
Volume (M): |
822 |
52 Wk High: |
$ 177.90 |
Volume (M$): |
$ 135,679 |
52 Wk Avg: |
$139.85 |
Open: |
$163.00 |
52 Wk Low: |
$118.41 |
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Market Capitalization (Millions $) |
8,922 |
Shares
Outstanding (Millions) |
54 |
Employees |
10,722 |
Revenues (TTM) (Millions $) |
3,869 |
Net Income (TTM) (Millions $) |
392 |
Cash Flow (TTM) (Millions $) |
439 |
Capital Exp. (TTM) (Millions $) |
52 |
The Middleby Corporation
The Middleby Corporation, through its operating subsidiary Middleby Marshall
Inc. (“Middleby Marshall”) and its subsidiaries, is a leader in
the design, manufacture, marketing, distribution, and service of a broad line
of (i) foodservice equipment used in all types of commercial restaurants and
institutional kitchens, (ii) food preparation, cooking, baking, chilling and
packaging equipment for food processing operations, and (iii) premium kitchen
equipment including ranges, ovens, refrigerators, ventilation and dishwashers
primarily used in the residential market.
Founded in 1888 as a manufacturer of baking ovens, Middleby Marshall Oven Company
was acquired in 1983 by TMC Industries Ltd., a publicly traded company that
changed its name in 1985 to The Middleby Corporation. The company has established
itself as a leading provider of (i) commercial restaurant equipment, (ii) food
processing equipment and (iii) residential kitchen equipment as a result of
its acquisition of industry leading brands and through the introduction of innovative
products within each of these segments.
The company conducts its business through three principal business segments:
the Commercial Foodservice Equipment Group, the Food Processing Equipment Group
and the Residential Kitchen Equipment Group. See Note 10 to the Consolidated
Financial Statements for further information on the companys business segments.
The Commercial Foodservice Equipment Group has a broad portfolio of foodservice
equipment, which enable it to serve virtually any cooking or warming application
within a commercial kitchen or foodservice operation. This cooking and warming
equipment is used across all types of foodservice operations, including quick-service
restaurants, full-service restaurants, convenience stores, retail outlets, hotels
and other institutions.
The Food Processing Equipment Group offers a broad portfolio of processing
solutions for customers producing pre-cooked meat products, such as hot dogs,
dinner sausages, poultry and lunchmeats and baked goods such as muffins, cookies
and bread. Through its broad line of products, the company is able to deliver
a wide array of cooking solutions to service a variety of food processing requirements
demanded by its customers. The company can offer highly integrated solutions
that provide a food processing operation a uniquely integrated solution providing
for the highest level of food quality, product consistency, and reduced operating
costs resulting from increased product yields, increased capacity, greater throughput
and reduced labor costs though automation.
The Residential Kitchen Equipment Group manufactures, sells and distributes
kitchen equipment for the residential market. Principal product lines of this
group are ranges, cookers, stoves, ovens, refrigerators, dishwashers, microwaves,
cooktops, refrigerators, wine coolers, ice machines, dishwashers, ventilation
equipment and outdoor equipment. These products are sold and marketed under
a portfolio of twenty-one brands, including AGA®, AGA Cookshop®, Brigade®,
Divertimenti®, Falcon®, Fired Earth®, Grange®, Heartland®,
La Cornue®, Leisure Sinks®, Lynx®, Marvel®, Mercury®, Rangemaster®,
Rayburn®, Redfyre®, Sedona®, Stanley®, TurboChef®, U-Line®
and Viking®.
Company Address: 1400 Toastmaster Drive, Elgin, 60120 IL
Company Phone Number: 741-3300 Stock Exchange / Ticker: NASDAQ MIDD
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Stock Performances by Major Competitors |
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The Middleby Corporation
The Middleby Corporation, a global leader in manufacturing equipment for the commercial foodservice, food processing, and residential kitchen industries, has recently reported its financial results for the first quarter of 2024. While the company saw a decrease in revenue and income compared to the same period last year, there are still some positive indicators to note. One interesting fact is that despite a 12.64% decrease in income per share to $1.59, the earnings per share (EPS) actually grew by 11.7% to $1.58 from the previous reporting period. This suggests that while there may have been a drop in overall income, the company's earnings per share have actually improved.
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The Middleby Corporation
The stock market can sometimes be a rollercoaster ride for investors, with ups and downs that can leave them uncertain about which direction to take. However, by keeping a close eye on the latest earnings reports and acquisitions of companies, investors can gain valuable insights into the financial health and future prospects of a particular stock. Let's take a closer look at the recent earnings season and notable acquisition of The Middleby Corporation (NASDAQ: MIDD). In the fourth quarter of 2023 earnings season, The Middleby Corporation disclosed a significant deterioration in earnings per share, falling by -42.5% to $1.42. Additionally, the company experienced a decline in revenue by -2.256% to $1.01 billion compared to the same period in the previous year. Comparing these figures to the prior reporting season, income decreased from $2.01 per share, while revenue saw a surge of 3.004% from $980.32 million.
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Merger and Acquisition
Published Wed, Feb 7 2024 1:00 PM UTC
Breaking News: Middleby Corporation Acquires GBT GmbH Bakery Technology, Expanding European Presence ELGIN, Ill. - The Middleby Corporation (NASDAQ: MIDD) has announced its latest acquisition of GBT GmbH Bakery Technology (GBT), a leading engineering and manufacturing company based in Lnen, Germany. With an annual revenue of approximately $10 million, GBT specializes in ...
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Management Changes
Published Tue, Jan 16 2024 12:00 PM UTC
ELGIN, Ill. - The Middleby Corporation (NASDAQ: MIDD), a leading supplier of innovative foodservice equipment, has announced the appointment of industry veterans Stephen Scherger and Tejas Shah to its esteemed Board of Directors. This strategic expansion of the board signifies Middleby s commitment to enhancing its business capabilities, fortifying its financial strateg...
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The Middleby Corporation
The Middleby Corporation, a leading company in the Industrial Machinery and Components industry, recently reported moderate revenue growth and increased profits in the fiscal interval ending July 01, 2023. While the company's performance seems positive at first glance, a closer look at the industry and the company's peers reveals underperformance. Comparing The Middleby Corporation's second quarter performance to that of other companies in the Industrial Machinery and Components industry, it becomes evident that the company has not kept pace with its competitors. The industry as a whole experienced business improvement of 3.79% in the same period, surpassing The Middleby Corporation's revenue growth of 2.616% from the previous year. Additionally, the company's income EPS saw a modest increase of 18.68% from $1.82 per share. While this growth is positive, it still pales in comparison to the achievements of its peers.
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Per Share |
Current |
Earnings (TTM) |
7.25 $ |
Revenues (TTM) |
71.6 $
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Cash Flow (TTM) |
8.12 $ |
Cash |
11.21 $
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Book Value |
66.49 $
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Dividend (TTM) |
0 $ |
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Per Share |
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Earnings (TTM) |
7.25 $
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Revenues (TTM) |
71.6 $ |
Cash Flow (TTM) |
8.12 $ |
Cash |
11.21 $
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Book Value |
66.49 $ |
Dividend (TTM) |
0 $ |
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