Middleby (MIDD) Q4 Earnings Beat, Revenues Decrease Y/Y [Yahoo! Finance]
The Middleby Corporation (MIDD)
Last the middleby corporation earnings: 2/26 07:00 am
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Source: Yahoo! Finance
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 Results Sales from the Commercial Foodservice Equipment Group (representing 62.3% of the net sales) were $627.9 million, down 0.2% year over year. Our estimate for Commercial Foodservice revenues in the fourth quarter was $633.6 million. Organic sales in the reported quarter decreased 2.3%. Buyouts boosted sales 1.4% while foreign-currency translation had a positive impact of 0.8%. Sales from the Residential Kitchen Equipment Group (representing 18.7% of the reported quarter's
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MIDD
News
- Analysts Estimate Middleby (MIDD) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
- Powerhouse Dynamics Activates DemandSmart, Seamlessly Bringing Demand Response Revenues to Multi-Unit Restaurant and Retail SitesPR Newswire
- Middleby Schedules First Quarter Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
- Middleby Schedules First Quarter Earnings Release and Conference CallBusiness Wire
- Middleby Corporation's TurboChef Selects LeanDNA to Provide Visibility into Production Readiness and Shortage Management [Yahoo! Finance]Yahoo! Finance
MIDD
Earnings
- 2/20/24 - Beat
MIDD
Sec Filings
- 4/10/24 - Form SC
- 3/29/24 - Form DEFA14A
- 3/29/24 - Form DEF
- MIDD's page on the SEC website