Middleby Corp (OQ:MIDD)
Business Focus: Industrial Machinery & Equipment
| Sector: Industrials | Industry: Industrial Machinery & Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1400 Toastmaster Dr ELGIN IL 60120-9274 |
| Tel: | N/A |
| Website: | https://www.middleby.com |
| IR: | See website |
| Key People | ||
| Timothy J. Fitzgerald Chief Executive Officer, Director | Bryan E. Mittelman Chief Financial Officer | James K. Pool Chief Technology and Operations Officer |
| Steven P. Spittle Chief Compliance Officer | Matthew Fuchsen Chief Development Officer | |
| Business Overview |
| The Middleby Corporation is an engaged in designing, manufacturing and selling of commercial foodservice, food processing equipment and residential kitchen equipment. The company operates through three segments. Commercial Foodservice Equipment Group has a portfolio of foodservice equipment, which enables it to serve virtually any cooking, warming, holding, refrigeration, freezing and beverage application within a commercial kitchen or foodservice operation. Food Processing Equipment Group offers a portfolio of processing solutions for customers producing protein products, such as bacon, salami, hot dogs, dinner sausages, poultry and lunchmeats and bakery products, such as muffins, cookies, crackers, pastries, bread and buns. Residential Kitchen Equipment Group manufactures, sells and distributes kitchen equipment for the residential market. Principal product lines of this group are ranges, cookers, stoves, cooktops, microwaves, refrigerators, refrigeration, wine cellars and others. |
| Financial Overview |
| For the fiscal year ended 30 December 2023, Middleby Corp revenues increased less than 1% to $4.04B. Net income decreased 8% to $400.9M. Revenues reflect Industrial Foodservice/Food Processing segment increase of 25% to $720.6M, Commercial Food Service segment increase of 5% to $2.52B, also reflect Residential Kitchen segment decrease of 24% to $794.5M. |
| Employees: | 5,047 as of Dec 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $9,773M as of Dec 30, 2023 |
| Annual revenue (TTM): | $4,037M as of Dec 30, 2023 |
| EBITDA (TTM): | $859.72M as of Dec 30, 2023 |
| Net annual income (TTM): | $400.88M as of Dec 30, 2023 |
| Free cash flow (TTM): | $541.81M as of Dec 30, 2023 |
| Net Debt Last Fiscal Year: | $2,178M as of Dec 30, 2023 |
| Shares outstanding: | 53,763,455 as of Mar 15, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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