Profile
Sector:
IndustrialsIndustry:
Specialty Industrial MachineryCountry:
United StatesIPO:
10 August 1987Website:
http://www.middleby.comNext earnings report:
02 August 2024Last dividends:
02 June 2004Next dividends:
N/APrice
after hours | Wed, 03 Jul 2024 17:25:20 GMTDividend
Analysts recommendations
Institutional Ownership
MIDD Latest News
Softness in the Commercial Foodservice segment and unfavorable foreign-currency movement weigh on Middleby's (MIDD) operations.
Gain a more in-depth understanding of Middleby's (MIDD) performance for the quarter ending March 2024 by looking beyond Wall Street's revenue and profit forecasts and analyzing projections for its critical metrics.
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The Middleby Corporation's stock has only seen a 0.9% increase since February 2023, compared to the S&P 500's 28.1% increase. The company's revenue growth has been mixed, with the Commercial Foodservice and Food Processing segments showing impressive results, while the Residential Kitchen segment experienced a significant decline. Despite a decline in net income, Middleby's operating cash flow and EBITDA have improved, and the company is pursuing initiatives to improve profitability and target specific markets.
The Middleby (MIDD) reported earnings 30 days ago. What's next for the stock?
Middleby (MIDD) is set to gain from strength in the Food Processing segment and the accretive acquisitions. Its measures to reward its shareholders are noteworthy.
Middleby's (MIDD) fourth-quarter 2023 results benefit from lower costs, partly offset by weakness in the residential business and housing market.
The Middleby Corporation (MIDD) Q4 2023 Earnings Call Transcript
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.
Besides Wall Street's top -and-bottom-line estimates for Middleby (MIDD), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.
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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 does Middleby report earnings?
The next expected earnings date for Middleby is 02 August 2024