The Middleby Corporation (MIDD)
Market Cap | 8.40B |
Revenue (ttm) | 3.88B |
Net Income (ttm) | 428.43M |
Shares Out | 53.62M |
EPS (ttm) | 7.90 |
PE Ratio | 19.83 |
Forward PE | 15.71 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 339,532 |
Open | 159.54 |
Previous Close | 158.54 |
Day's Range | 154.81 - 159.28 |
52-Week Range | 118.41 - 182.73 |
Beta | 1.73 |
Analysts | Buy |
Price Target | 180.75 (+15.41%) |
Earnings Date | May 7, 2025 |
About MIDD
The Middleby Corporation designs, manufactures, markets, distributes, and services commercial restaurant, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charco... [Read more]
Financial Performance
In 2024, The Middleby Corporation's revenue was $3.88 billion, a decrease of -4.00% compared to the previous year's $4.04 billion. Earnings were $428.43 million, an increase of 6.87%.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for MIDD stock is "Buy." The 12-month stock price forecast is $180.75, which is an increase of 15.41% from the latest price.
News

The Middleby Corporation (MIDD) Q4 2024 Earnings Call Transcript
The Middleby Corporation (MIDD) Q4 2024 Earnings Call Transcript

Middleby Appoints Ed Garden and Julie Bowerman to its Board of Directors
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for commercial foodservice, residential kitchens and food processing industries, to...

Middleby Announces Intent to Separate Food Processing Business into a Standalone Public Company, Creating Independent Innovative Leaders in the Kitchen Equipment and Food Processing Industries
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for commercial foodservice, residential kitchens and food processing industries, to...

The Middleby Corporation Reports Fourth Quarter Results
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...

Middleby Schedules Fourth Quarter Earnings Release and Conference Call
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) will release 2024 fourth quarter earnings on Tuesday, February 25 at 7 a.m. Eastern Time. The company has scheduled a conference c...

Middleby Confirms Ongoing Strategic Review of Business Portfolio as Part of Board of Directors' Efforts to Maximize Shareholder Value
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (“Middleby,” “The Company”) (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and re...

Middleby Acquires Gorreri Food Processing Technology
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) has announced the acquisition of Gorreri Food Processing Technology based outside Parma, Italy. Gorreri is a leading manufacturer ...

The Middleby Corporation: Organic Growth In The CF Segment Continues To Be Poor
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 ...

Middleby Acquires JC Ford, Leader in Chip and Tortilla Production Systems
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of JC Ford, a leading manufacturer of tortilla production equipment systems. Founded in 1945, the ...

The Middleby Corporation (MIDD) Q3 2024 Earnings Call Transcript
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 ...

The Middleby Corporation Reports Third Quarter Results
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...

Middleby Schedules Third Quarter Earnings Release and Conference Call
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 c...

Middleby Acquires Emery Thompson Frozen Dessert Equipment Company
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,...

Powerhouse Dynamics Returns to FSTEC 2024 for Third Consecutive Year, Showcasing Advanced Open Kitchen IoT Software with AI-Driven Energy Management
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 sol...

Middleby: Rating Upgrade To Neutral Given Recent Results And Macro Developments
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 hel...

The Middleby Corporation Reports Second Quarter Results
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...

Middleby Schedules Second Quarter Earnings Release and Conference Call
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) will release 2024 second quarter earnings on Thursday, August 1 before the market opens. The company has scheduled a conference ca...

The Middleby Corporation (MIDD) Q1 2024 Earnings Call Transcript
The Middleby Corporation (NASDAQ:MIDD) Q1 2024 Earnings Conference Call May 8, 2024 11:00 AM ET Company Participants Tim FitzGerald - Chief Executive Officer James Pool - Chief Technology Officer & C...

The Middleby Corporation Reports First Quarter Results
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...

Middleby Schedules First Quarter Earnings Release and Conference Call
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) will release 2024 first quarter earnings on Wednesday, May 8 before the market opens. The company has scheduled a conference call ...

BetterInvesting™ Magazine Update The Middleby Corp. and UnitedHealth Group
TROY, Mich. , April 19, 2024 /PRNewswire/ -- The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine today announced The Middleby Corp. (NASDAQ: MIDD) as its "Stock to Study...

The Middleby Corporation: Continued Growth And Cheap Stock Should Lead The Way Higher
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 Foodservi...

The Middleby Corporation (MIDD) Q4 2023 Earnings Call Transcript
The Middleby Corporation (MIDD) Q4 2023 Earnings Call Transcript

Middleby Acquires GBT GmbH Bakery Technology
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of GBT GmbH Bakery Technology (GBT). Based in Lünen, Germany, the company has expertise in enginee...

Middleby Appoints Stephen Scherger and Tejas Shah to its Board of Directors
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the expansion of its Board of Directors with the appointment of Stephen Scherger and Tejas Shah. Mr. Scherger is C...