Articles from The Middleby Corporation

The Middleby Corporation (“Middleby,” “The Company”) (NASDAQMIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today confirmed that, as part of its Board of Directors’ ongoing efforts to maximize shareholder value, the Company has been conducting a strategic review of its business portfolio, which started last year. The Board, with the assistance of outside financial and legal advisors, is considering a broad range of strategic options including a potential separation of its Food Processing and/or its Residential Kitchen business units, among other alternatives.

The Middleby Corporation (NASDAQMIDD) has announced the acquisition of Gorreri Food Processing Technology based outside Parma, Italy. Gorreri is a leading manufacturer of equipment for the baked goods industry, including cakes, pies, muffins, tarts and other desert line solutions. The company operates in a state-of-the-art, 50,000-square-foot facility, which was recently expanded to accommodate growth. Gorreri has revenues of $20 million annually.

The Middleby Corporation (NASDAQMIDD) today announced the acquisition of JC Ford, a leading manufacturer of tortilla production equipment systems. Founded in 1945, the company is based in Columbia, Tenn., and has $70 million in annual revenues.

The Middleby Corporation (NASDAQMIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net earnings for the third quarter of 2024.

The Middleby Corporation (NASDAQMIDD) 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 domestic participants or 1-412-317-1878 for international access.

The Middleby Corporation (NASDAQMIDD) 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.

The Middleby Corporation (NASDAQMIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net earnings for the second quarter of 2024.

The Middleby Corporation (NASDAQMIDD) will release 2024 second quarter earnings on Thursday, August 1 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 August 1. 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 (833) 630-1956 or (412) 317-1837 for international access.

The Middleby Corporation (NASDAQMIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net earnings for the first quarter of 2024.

The Middleby Corporation (NASDAQMIDD) will release 2024 first quarter earnings on Wednesday, May 8 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 May 8. 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 (833) 630-1956 or for international access (412) 317-1837.

The Middleby Corporation (NASDAQMIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net earnings for the fourth quarter of 2023.

The Middleby Corporation (NASDAQMIDD) today announced the acquisition of GBT GmbH Bakery Technology (GBT). Based in Lünen, Germany, the company has expertise in engineering and manufacturing high-grade industrial baking and bread lines. Annual revenues are approximately €10 million.

The Middleby Corporation (NASDAQMIDD) will release 2023 fourth quarter earnings on Tuesday, February 20 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 February 20. 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 (833) 630-1956, or for international access use (412) 317-1837.

The Middleby Corporation (NASDAQMIDD) today announced the expansion of its Board of Directors with the appointment of Stephen Scherger and Tejas Shah.

The Middleby Corporation (NASDAQMIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net earnings for the third quarter of 2023.

The Middleby Corporation (NASDAQMIDD) will release 2023 third quarter earnings on Wednesday, November 8 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 November 8. 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 (833) 630-1956 or for international access use (412) 317-1837.

The Middleby Corporation (NASDAQMIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net earnings for the second quarter of 2023.

The Middleby Corporation (NASDAQMIDD) today announced the acquisition of Trade-Wind Manufacturing LLC, a premier manufacturer of ventilation innovation for indoor and outdoor residential use. Based in Phoenix, Trade-Wind has approximately $10 million in annual revenues.

The Middleby Corporation (NASDAQMIDD) will release 2023 second quarter earnings on Thursday, August 3 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 August 3. 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 (833) 630-1956 or for international access use (412) 317-1837.

The Middleby Corporation (NASDAQMIDD) today announced the acquisition of TERRY Water Treatment Solutions. The company has a proprietary, environmentally friendly solution to eliminate and prevent scale build up associated with water usage in commercial foodservice equipment including steam, ice and beverage products. TERRY has $5 million in annual sales and is based in Chandler, Ariz.

The Middleby Corporation (NASDAQMIDD) today announced the acquisition of Filtration Automation Inc., known for Micron-Pro brand high capacity oil management systems. Based in Mansfield, Texas, the company’s innovative and patented technologies are used for poultry, fish, and snacks applications. Filtration Automation has annual revenues of approximately $10 million.

Middleby (NASDAQMIDD) announced today the retirement of Chief Risk and Administration Officer Martin M. Lindsay and the appointment of two company officers. Brittany Cerwin was named Chief Accounting Officer and Matthew Fuchsen was named Chief Development Officer of the company.

The Middleby Corporation (NASDAQMIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net earnings for the first quarter of 2023.

The Middleby Corporation (NASDAQMIDD) will release 2023 first quarter earnings on Wednesday, May 10 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 May 10. 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 (833) 630-1956 or for international access use (412) 317-1837.

The Middleby Corporation (NASDAQMIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net earnings for the fourth quarter of 2022.

The Middleby Corporation (NASDAQMIDD) will release 2022 fourth quarter earnings on Tuesday, February 21 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 February 21 which 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 (833) 630-1956 or for international access use (412) 317-1837.

The Middleby Corporation (NASDAQMIDD) today announced the acquisition of Flavor Burst, an innovative technology used in a variety flavored beverage and soft serve products. The company is based in Danville, Ind. and has annual revenues of $5 million.

The Middleby Corporation (NASDAQMIDD) today announced the acquisition Marco Beverage Systems a designer and manufacturer of innovative and energy-efficient beverage dispense solutions. Based in Dublin, Ireland, Marco has annual revenues of $30 million.

The Middleby Corporation (NASDAQMIDD) has posted its recent Analyst Day presentation on the company website. The materials can be accessed on the investor page at www.middleby.com.

The Middleby Corporation (NASDAQMIDD) today announced the acquisition of Escher Mixers, a designer and manufacturer of highly-engineered spiral and planetary mixers for the industrial baking industry. Escher customers include large grocery and retail chains, and they provide established solutions for the artisanal bread and pastry industries. Located in Vicenza, Italy, the company has annual revenues of $15 million.

The Middleby Corporation (NASDAQMIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net earnings for the third quarter of 2022.

The Middleby Corporation (NASDAQMIDD) will release 2022 third quarter earnings on Wednesday, November 9 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 November 9. 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 (833) 630-1956 or for international access use (412) 317-1837.

The Middleby Corporation (NASDAQMIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net earnings for the 2022 second quarter of $113.2 million or $2.07 diluted earnings per share on net sales of $1,013.6 million. Adjusted net earnings were $120.8 million or $2.23 adjusted diluted earnings per share. A full reconciliation between GAAP and non-GAAP measures is provided at the end of the press release.

The Middleby Corporation (NASDAQMIDD) today announced the acquisition of Colussi Ermes, a leading worldwide manufacturer of automated washing solutions for the food processing industry. Located in Pordenone, Italy the company has approximately $50 million in annual revenues.

The Middleby Corporation (NASDAQMIDD) will release 2022 second quarter earnings on Thursday, August 4 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 August 4. 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 (866) 374-5140 or (404) 400-0571 and entering conference code #40393296.

The Middleby Corporation (NASDAQMIDD) today announced the acquisition of CP Packaging, a manufacturer of advanced high-speed vacuum packaging equipment. Based in Appleton, Wisconsin, CP Packaging has annual sales of approximately $15 million.

The Middleby Corporation (NASDAQMIDD) today announced the acquisition of Icetro, a maker of ice, soft serve and slush machines that are used worldwide in commercial foodservice. With annual sales of approximately $40 million, the company is headquartered in South Korea with U.S. operations based in Anaheim, California.

The Middleby Corporation (NASDAQMIDD) today announced the acquisition of Proxaut, a leading manufacturer of Auto Guided Vehicles (AGVs) for the food industry and industrial processing companies. The company is based in Italy near Bologna with approximately $15 million USD in annual sales.

The Middleby Corporation (NASDAQMIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net earnings for the 2022 first quarter of $85.8 million or $1.52 diluted earnings per share on net sales of $994.7 million. Adjusted net earnings were $116.3 million or $2.13 adjusted diluted earnings per share. A full reconciliation between GAAP and non-GAAP measures is provided at the end of the press release.

The Middleby Corporation (NASDAQMIDD) will release first quarter earnings for 2022 on Tuesday, May 10 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 May 10. 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 (888) 391-6937 or (315) 625-3077 and entering conference code #6179655.

The Middleby Corporation (NASDAQMIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net earnings for the 2021 fourth quarter of $102.7 million or $1.80 diluted earnings per share on net sales of $866.4 million. Adjusted net earnings were $117.1 million or $2.11 adjusted diluted earnings per share. A full reconciliation between GAAP and non-GAAP measures is provided at the end of the press release.

The Middleby Corporation (NASDAQMIDD) today announced it will release 2021 fourth quarter earnings on Tuesday, February 22 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 February 22. The conference call is accessible through the Investor Relations section of the company website at www.middleby.com. If website access is not available, the call can be joined by dialing (888) 391-6937 or (315) 625-3077 and entering conference code 8269699#.

The Middleby Corporation (NASDAQMIDD) has finalized the previously announced acquisition of Masterbuilt Holdings, LLC and their residential outdoor brands Kamado Joe and Masterbuilt. Middleby also has completed the acquisition of Char-Griller, a leader in residential outdoor charcoal and gas cooking products based in Atlanta. Char-Griller has revenues of approximately $150 million in 2021.

The Middleby Corporation (NASDAQMIDD) today announced the acquisition of Masterbuilt Holdings LLC, a leader in outdoor residential cooking under the Kamado Joe and Masterbuilt brands with an estimated $250 million in net sales for 2021.

The Middleby Corporation (NASDAQMIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net earnings for the 2021 third quarter of $176.0 million or $3.09 diluted earnings per share on net sales of $817.5 million. Adjusted net earnings were $106.4 million or $1.92 adjusted diluted earnings per share. A full reconciliation between GAAP and non-GAAP measures is provided at the end of the press release.

The Middleby Corporation (NASDAQMIDD) today announced it will release 2021 third quarter earnings on Tuesday, November 9 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 November 9. The conference call is accessible through the Investor Relations section of the company website at www.middleby.com. If website access is not available, the call can be joined by dialing (888) 391-6937 or (315) 625-3077 and entering conference code 7707299#.

The Middleby Corporation (NASDAQMIDD) today announced the acquisition of Imperial Commercial Cooking Equipment. Based in Corona, Calif., the company manufactures ranges, fryers, ovens, countertop equipment and other specialty cooking products for the commercial kitchen. Imperial has annual revenues of approximately $40 million.

The Middleby Corporation (NASDAQMIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net earnings for the 2021 second quarter of $120.6 million or $2.13 diluted earnings per share on net sales of $808.8 million. Adjusted net earnings were $116.8 million or $2.11 adjusted diluted earnings per share. A full reconciliation between GAAP and non-GAAP measures is provided at the end of the press release.

The Middleby Corporation (NASDAQMIDD) today announced it will release 2021 second quarter earnings on Thursday, August 12 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 August 12. The conference call is accessible through the Investor Relations section of the company website at www.middleby.com. If website access is not available, the call can be joined by dialing (888) 391-6937 or (315) 625-3077 and entering conference code 8960508#.

The Middleby Corporation (NASDAQMIDD) (“Middleby”) today announced that, under the terms of its previously announced Merger Agreement with Welbilt, Inc. NYSE: WBTNYSEWBT)

The Middleby Corporation (NASDAQMIDD) today announced the acquisition of Novy, a leading manufacturer of premium residential ventilation hoods and cooktops based in Belgium, with sales of approximately $90 million USD annually and EBITDA margins in excess of 20%.

The Middleby Corporation (NASDAQMIDD) (“Middleby”) today is releasing its current Q2 2021 and fiscal year 2021 forecast, well ahead of prior management forecasts and current consensus estimates. We are updating our internal estimates in light of continued strong year-to-date performance and based on the visibility that we have into orders, backlog and other leading indicators. Middleby is benefitting from increased customer orders as the industry recovers from COVID-19, the continued strength in our Residential Kitchen segment, the benefits of our strategic initiatives in sales and distribution, and the realization of integration benefits from previous acquisitions.

The Middleby Corporation (NASDAQMIDD) today reiterated its commitment to completing its proposed merger with Welbilt, Inc. NYSE: WBTNYSEWBT)

The Middleby Corporation (NASDAQMIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net earnings for the 2021 first quarter of $89.3 million or $1.59 diluted earnings per share on net sales of $758.1 million. Adjusted net earnings were $98.7 million or $1.79 adjusted diluted earnings per share. A full reconciliation between GAAP and non-GAAP measures is provided at the end the press release.

The Middleby Corporation (NASDAQMIDD) today announced it will release 2021 first quarter earnings on Thursday, May 6 before the market opens. The company has scheduled a conference call to discuss the results at noon Eastern/11 a.m. Central time on May 6. The conference call is accessible through the Investor Relations section of the company website at www.middleby.com. If website access is not available, the call can be joined by dialing (888) 391-6937 or (315) 625-3077 and entering conference code 1355164#.

The Middleby Corporation (NASDAQMIDD) and Welbilt, Inc. NYSE: WBTNYSEWBT)