Thomas Barwick/DigitalVision via Getty Images Not every investment that we make or like is going to turn out the way that we hope it will. Some require more time than expected in order to play out. And others never will. One company that I believe fits in the former category of requiring additional time to play out is The Middleby Corporation (NASDAQ:MIDD), a firm that is engaged in the production and sale of food service equipment for commercial firms, residential customers, and more. Examples of some ...

It has been about a month since the last earnings report for Middleby (MIDD) . Shares have added about 0.8% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is The Middleby due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Middleby Q4 Earnings Beat, Revenues Decrease Y/ ...

The Middleby Corporation (MIDD) has been benefiting from strength in the Food Processing segment despite weakness in the Residential Kitchen Equipment Group segment and rising costs and expenses.What’s Aiding MIDD?Business Strength: Middleby is poised to benefit from a robust backlog level and strong incoming order growth. Also, the company’s initiative to introduce new products, robust product portfolio and investments in the innovation centers are driving growth. Improvements in end-market conditions and ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the Fiscal Year Ended December 30, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File No. 1-9973 THE MIDDLEBY CORPORATION (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (IRS Employer Identification Numbe ...

The Middleby Corporation (MIDD) reported fourth-quarter 2023 adjusted earnings of $2.65 per share, which surpassed the Zacks Consensus Estimate of $2.44. The bottom line increased 3.1% year over year due to lower costs.Net sales of $1.00 billion missed the consensus estimate of $1.01 billion. The top line dipped 2.2% year over year. Organic revenues in the reported quarter decreased 4.7%. Acquired assets boosted sales by 1.3% while movements in foreign currencies had a positive impact of 1.2%.Segmental Resu ...

The Middleby Corporation (NASDAQ:MIDD) Q4 2023 Earnings Conference Call February 20, 2024 11:00 AM ET Company Participants Tim FitzGerald - Chief Executive Officer James Pool - Chief Technology Officer and Chief Operations Officer Bryan Mittelman - Chief Financial Officer Steve Spittle - Chief Commercial Officer Conference Call Participants Mig Dobre - Baird Jae Hyun Ko - Jefferies Larry DeMaria - William Blair Walt Liptak - Seaport Research Brian McNamara - Canaccord Genuity Tami Zakaria - JPMorgan Jeff Ha ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.61%. A quarter ago, it was expected that this food preparation equipment company would post earnings of $2.29 per share when it actually produced earnings of $2.35, delivering a surprise of 2.62%.Over the last four quar ...

Wall Street analysts expect Middleby (MIDD) to post quarterly earnings of $2.44 per share in its upcoming report, which indicates a year-over-year decline of 5.1%. Revenues are expected to be $1.02 billion, down 1.2% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a com ...

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 in audit, acquisitions, distribution, and capital strategies. Mr. Shah is Global Chief Information Officer of Fluence Energy and brings a deep knowledge of cybersecurity and IoT to the Middleby Board along with prov ...

The Middleby Corporation (NASDAQ:MIDD) Q3 2023 Earnings Conference Call November 8, 2023 11:00 AM ET Company Participants Tim FitzGerald - Chief Executive Officer James Pool - Chief Technology & Operations Officer Bryan Mittelman - Chief Financial Officer Steve Spittle - Chief Commercial Officer Conference Call Participants Saree Boroditsky - Jefferies Jeff Hammond - KeyBanc Capital Markets Tim Thein - Citi Tami Zakaria - JPMorgan Brian McNamara - Canaccord Genuity Mircea Dobre - Baird Walter Liptak - Seapo ...