The Middleby Corporation (MIDD)

The Middleby Corporation Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Jan 1, 2022	Jan 2, 2021
Revenue	3,875	4,037	4,033	3,251	2,513
Revenue Growth (YoY)	-4.00%	0.09%	24.06%	29.35%	-15.08%
Cost of Revenue	2,405	2,503	2,571	2,056	1,631
Gross Profit	1,470	1,534	1,462	1,195	882.05
Selling, General & Admin	738.46	794.44	754.55	622.91	491.9
Operating Expenses	750.76	800.04	754.55	622.91	491.9
Operating Income	719.61	734.02	707.1	571.95	390.15
Interest Expense	-92.23	-120.35	-88.98	-57.16	-78.62
Currency Exchange Gain (Loss)	-1	-10.9	-28.1	0.3	-2.9
Other Non Operating Income (Expenses)	-0.24	4.49	-0.79	1.3	-0.17
EBT Excluding Unusual Items	626.15	607.26	589.23	516.4	308.46
Merger & Restructuring Charges	-14.18	-14.13	-24.82	102.35	-12.38
Gain (Loss) on Sale of Assets	1.14	-	-	0.76	1.98
Asset Writedown	-38.64	-78.11	-	-	-15.33
Other Unusual Items	2.85	4.37	-	-	-14.68
Pretax Income	577.32	519.38	564.42	619.5	268.06
Income Tax Expense	148.89	118.5	127.85	131.01	60.76
Net Income	428.43	400.88	436.57	488.49	207.29
Net Income to Common	428.43	400.88	436.57	488.49	207.29
Net Income Growth	6.87%	-8.17%	-10.63%	135.65%	-41.15%
Shares Outstanding (Basic)	54	54	54	55	55
Shares Outstanding (Diluted)	54	54	55	57	55
Shares Change (YoY)	0.23%	-1.57%	-3.03%	2.77%	-0.93%
EPS (Basic)	7.97	7.48	8.07	8.85	3.76
EPS (Diluted)	7.90	7.41	7.95	8.62	3.76
EPS Growth	6.61%	-6.79%	-7.77%	129.25%	-40.60%
Free Cash Flow	637.51	543.61	265.26	376.85	489.94
Free Cash Flow Per Share	11.76	10.05	4.83	6.65	8.89
Gross Margin	37.94%	38.00%	36.24%	36.76%	35.10%
Operating Margin	18.57%	18.18%	17.53%	17.59%	15.52%
Profit Margin	11.06%	9.93%	10.82%	15.03%	8.25%
Free Cash Flow Margin	16.45%	13.47%	6.58%	11.59%	19.49%
EBITDA	839.62	859.44	838.02	690.43	498.23
EBITDA Margin	21.67%	21.29%	20.78%	21.24%	19.82%
D&A For EBITDA	120.01	125.42	130.92	118.48	108.09
EBIT	719.61	734.02	707.1	571.95	390.15
EBIT Margin	18.57%	18.18%	17.53%	17.59%	15.52%
Effective Tax Rate	25.79%	22.81%	22.65%	21.15%	22.67%

Updated Feb 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q