The Middleby Corporation Reports First Quarter Results
The Middleby Corporation (MIDD)
Last the middleby corporation earnings: 2/26 07:00 am
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US:NASDAQ Investor Relations:
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Company Research
Source: Business Wire
Net sales of $927 millionAdjusted EBITDA of $186 millionOrganic adjusted EBITDA margin of 20.1%Operating cash flows of $141 millionDiluted earnings per share of $1.59 and adjusted net earnings per share of $1.89Net leverage reduced to 2.4x 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 first quarter of 2024.“Near-term demand conditions proved to be difficult as we started 2024. We expect improved conditions for the second quarter and remain optimistic for the remainder of the year, as channel inventories have returned to normalized levels and order activity is trending in a positive direction. Our overall profitability remains strong, despite the low order volumes significantly impacting our residential business. We were pleased to again post record cash flows in the quarter, with expected stro
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MIDD
News
- The Middleby Co. (NASDAQ: MIDD) was upgraded by analysts at William Blair to a "hold" rating.MarketBeat
- Multi Oven Market To Reach USD 30.1 Billion By 2032, Says DataHorizzon Research [Yahoo! Finance]Yahoo! Finance
- The Middleby Co. (NASDAQ: MIDD) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $166.00 to $159.00. They now have a "buy" rating on the stock.MarketBeat
- Middleby (MIDD) Q1 Earnings & Sales Miss Estimates, Down Y/Y [Yahoo! Finance]Yahoo! Finance
- The Middleby Corporation (NASDAQ:MIDD) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
MIDD
Earnings
- 5/8/24 - Miss
MIDD
Sec Filings
- 5/17/24 - Form 8-K
- 5/16/24 - Form 4
- 5/16/24 - Form 4
- MIDD's page on the SEC website