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MiddlebyNASDAQ: MIDD

Profile

Country:

United States

IPO:

10 August 1987

Next earnings report:

20 February 2025

Last dividends:

02 June 2004

Next dividends:

N/A
$7.40 B
-33%vs. 3y high
78%vs. sector
-25%vs. 3y high
36%vs. sector
-56%vs. 3y high
51%vs. sector
-45%vs. 3y high
60%vs. sector

Price

pre-market | 40 min ago
$137.51+$1.18(+0.87%)

Dividend

No data over the past 3 years
$942.81 M$995.21 M
$942.81 M$114.17 M

Analysts recommendations

Institutional Ownership

MIDD Latest News

The Middleby Corporation: Organic Growth In The CF Segment Continues To Be Poor
seekingalpha.com02 November 2024 Sentiment: NEGATIVE

Middleby's 3Q24 earnings were disappointing, primarily due to poor organic growth in its largest segment, Commercial Foodservice. The persistent weakness in the consumer spending environment, coupled with high mortgage rates and rising food costs, is negatively impacting the restaurant industry and, consequently, Middleby's business. Given the ongoing challenges in the Commercial Foodservice segment and the lack of near-term catalysts for a significant improvement, my hold rating on Middleby is maintained.

The Middleby Corporation (MIDD) Q3 2024 Earnings Call Transcript
seekingalpha.com31 October 2024 Sentiment: NEUTRAL

The Middleby Corporation (NASDAQ:MIDD ) Q3 2024 Results Conference Call October 31, 2024 11:00 AM ET Company Participants Tim FitzGerald - CEO James Pool - Chief Technology Officer & Chief Operations Officer Bryan Mittelman - CFO Steven Spittle - Chief Commercial Officer Conference Call Participants Saree Boroditsky - Jefferies Mig Dobre - Baird Brian McNamara - Canaccord Genuity Jeff Hammond - KeyBanc Capital Markets Tami Zakaria - JPMorgan Walt Liptak - Seaport Global Operator Good day, and welcome to the Third Quarter 2024 Middleby Corporation Earnings Conference Call. All participants will be in listen-only mode [Operator Instructions] after today's presentation, there will be an opportunity to ask questions.

Middleby (MIDD) Misses Q3 Earnings and Revenue Estimates
zacks.com31 October 2024 Sentiment: NEGATIVE

Middleby (MIDD) came out with quarterly earnings of $2.33 per share, missing the Zacks Consensus Estimate of $2.47 per share. This compares to earnings of $2.35 per share a year ago.

Middleby Schedules Third Quarter Earnings Release and Conference Call
businesswire.com21 October 2024 Sentiment: POSITIVE

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) will release 2024 third quarter earnings on Thursday, October 31 before the market opens. The company has scheduled a conference call to discuss the results at 11 a.m. Eastern/10 a.m. Central Time on October 31. The conference call is accessible through the Investor Relations section of the company website at www.middleby.com. If website access is not available, attendees can join the conference by dialing 1-844-481-3012 for.

Middleby Acquires Emery Thompson Frozen Dessert Equipment Company
businesswire.com11 October 2024 Sentiment: POSITIVE

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Emery Thompson, a well-known, global brand in frozen dessert equipment. Located in Brooksville, Florida, the company has revenues of $10 million annually. “Emery Thompson is a highly respected, well-established brand that will greatly enhance our product offerings in the frozen dessert category. As gelato, frozen yogurt and custard, sorbet, hard ice cream, sherbet and Italian ice continue to.

Middleby Stock Boasts Strong Prospects Despite Headwinds
zacks.com10 October 2024 Sentiment: POSITIVE

MIDD is set to benefit from its focus on launching new products. However, weakness in the Residential Kitchen Equipment Group and Commercial Foodservice Equipment Group segments remains a concern.

Middleby Gains From Product Innovations & Buyouts, Risks Persist
zacks.com12 September 2024 Sentiment: POSITIVE

MIDD gains from solid product offerings, acquired assets and a strong liquidity position. However, the soft residential kitchen equipment business is a woe.

Powerhouse Dynamics Returns to FSTEC 2024 for Third Consecutive Year, Showcasing Advanced Open Kitchen IoT Software with AI-Driven Energy Management
prnewswire.com04 September 2024 Sentiment: POSITIVE

Visit Booth IA-55 for a Demonstration of the Leading IoT Solution for Foodservice Operators BOSTON , Sept. 4, 2024 /PRNewswire/ -- Powerhouse Dynamics, the leader in Internet of Things (IoT)-based solutions for the foodservice industry, is pleased to announce its return as a key sponsor of the 2024 FSTEC Conference, taking place September 16-18 in Grapevine, Texas.

Middleby: Rating Upgrade To Neutral Given Recent Results And Macro Developments
seekingalpha.com15 August 2024 Sentiment: POSITIVE

MIDD upgraded from sell to hold rating due to potential for strong organic growth acceleration in Commercial Foodservice segment. 2Q24 results show decline in revenue, but CF segment EBITDA margin held up well. Macro changes including lower inflation and interest rates may lead to an improved demand environment, but more data needed before confirming growth cycle.

Middleby (MIDD) Q2 Earnings Beat Estimates, Sales Down Y/Y
zacks.com02 August 2024 Sentiment: NEUTRAL

Middleby's (MIDD) second-quarter 2024 net sales decline 4.7% year over year on account of the lackluster performance of its segments.

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What type of business is Middleby?

Middleby Corporation develops, manufactures, sells, distributes, and services a range of commercial foodservice, food processing, and residential kitchen equipment. The Commercial Foodservice Equipment Group segment offers various ovens; lines, fryers, rethermalizers; equipment for steaming, etc. The Food Processing Equipment Group segment includes ovens; frying and automated thermal processing systems; dough processing, bread baking, and seeding equipment. The Residential Kitchen Equipment Group segment offers kitchen equipment including stoves, dishwashers, freezers, cooktops, wine refrigerators, ice cooling machines. The company was founded in 1888 and is located in Elgin, Illinois.

What sector is Middleby in?

Middleby is in the Industrials sector

What industry is Middleby in?

Middleby is in the Specialty Industrial Machinery industry

What country is Middleby from?

Middleby is headquartered in United States

When did Middleby go public?

Middleby initial public offering (IPO) was on 10 August 1987

What is Middleby website?

https://www.middleby.com

Is Middleby in the S&P 500?

No, Middleby is not included in the S&P 500 index

Is Middleby in the NASDAQ 100?

No, Middleby is not included in the NASDAQ 100 index

Is Middleby in the Dow Jones?

No, Middleby is not included in the Dow Jones index

When was Middleby the previous earnings report?

No data

When does Middleby earnings report?

The next expected earnings date for Middleby is 20 February 2025