The Middleby Corporation designs, manufactures, markets, distributes, and services a range of foodservice, food processing, and residential kitchen equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, rethermalizers; steam cooking, food warming, catering, induction cooking, countertop cooking, and kitchen ventilation equipment; heated cabinets, charbroilers, ventless cooking systems, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, freezers; and soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment, fry dispensers, bottle filling and canning equipment, and IoT solutions. The company's Food Processing Equipment Group segment provides batch, baking, proofing, conveyor belt, and continuous processing ovens; frying and automated thermal processing systems; grinders, slicers, reduction and emulsion systems, mixers, blenders; battering, breading, and seeding equipment; water cutting systems, food presses, food suspension equipment, filling and depositing solutions, and forming equipment; and food safety, food handling, freezing, and defrosting and packaging equipment for customers producing hot dog, dinner sausage, poultry, and lunchmeat, as well as muffin, cookie, and bread products. Its Residential Kitchen Equipment Group segment offers kitchen equipment comprising cookers, stoves, dishwashers, microwaves, cooktops, wine coolers, ice machines, and ventilation and outdoor equipment. The company was formerly known as Middleby Marshall Oven Company and changed its name to The Middleby Corporation in 1985. The company was founded in 1888 and is based in Elgin, Illinois.
IPO Year:
Exchange: NASDAQ
Website: middleby.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/12/2024 | $170.00 → $160.00 | Buy → Hold | Jefferies |
| 6/28/2024 | Mkt Perform | Raymond James | |
| 5/22/2024 | $145.00 → $118.00 | Neutral → Underweight | JP Morgan |
| 11/17/2022 | $171.00 | Buy | Canaccord Genuity |
| 8/26/2022 | $190.00 | Buy | The Benchmark Company |
| 2/23/2022 | $194.00 → $198.00 | Neutral | JP Morgan |
| 1/25/2022 | $210.00 → $220.00 | Overweight | Keybanc |
| 1/13/2022 | $215.00 → $217.00 | Overweight | Barclays |
| 12/17/2021 | $200.00 → $215.00 | Overweight | Barclays |
| 7/14/2021 | $195.00 → $200.00 | Overweight | Barclays |
4 - MIDDLEBY Corp (0000769520) (Issuer)
4 - MIDDLEBY Corp (0000769520) (Issuer)
4 - MIDDLEBY Corp (0000769520) (Issuer)
4 - MIDDLEBY Corp (0000769520) (Issuer)
4 - MIDDLEBY Corp (0000769520) (Issuer)
4 - MIDDLEBY Corp (0000769520) (Issuer)
4 - MIDDLEBY Corp (0000769520) (Issuer)
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8-K - MIDDLEBY Corp (0000769520) (Filer)
SCHEDULE 13G/A - MIDDLEBY Corp (0000769520) (Subject)
SCHEDULE 13G - MIDDLEBY Corp (0000769520) (Subject)
10-Q - MIDDLEBY Corp (0000769520) (Filer)
8-K - MIDDLEBY Corp (0000769520) (Filer)
DEFA14A - MIDDLEBY Corp (0000769520) (Filer)
DEF 14A - MIDDLEBY Corp (0000769520) (Filer)
10-K - MIDDLEBY Corp (0000769520) (Filer)
8-K - MIDDLEBY Corp (0000769520) (Filer)
8-K - MIDDLEBY Corp (0000769520) (Filer)
Prioritization of Free Cash Flow to Accelerate Share Repurchases Increase of Shares Available for Buyback to 11.4 million shares, an increase of 7.5 million shares Operating income of $141 million as compared to $137 million in prior year Adjusted EBITDA of $182 million as compared to $186 million in prior year Operating cash flows of $141 million in current and prior year Net leverage at 2.0x The Middleby Corporation (NASDAQ:MIDD), 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 2025. Middleby further announced an acceleration to its share rep
The Middleby Corporation (NASDAQ:MIDD) will release 2025 first quarter earnings on Wednesday, May 7 at 7 a.m. Eastern Time. The company has scheduled a conference call to discuss the results at 11 a.m. Eastern Time on May 7. The call is accessible through the Investor Relations section of the company website at www.middleby.com. If website access is not available, attendees can access the conference by dialing 1-844-676-5090 for domestic participants or 1-412-634-6754 for international access. Please note the dial in numbers have been updated from previous conference calls. ABOUT THE MIDDLEBY CORPORATION The Middleby Corporation is a global leader in the foodservice industry. The company
Food Processing to be a Fast-Growing and Nimble Standalone Business with Best-in-Class Technologies for Industrial Protein, Bakery, and Snack Processors Middleby RemainCo Well-Positioned to Drive Sustainable Growth and Margin Expansion Through Innovation Leadership and Differentiated Go-To-Market Capabilities in Commercial Foodservice and Residential Kitchens Separation of Food Processing Expected to be Achieved Through Tax-Free Spin-Off and be Completed Early 2026 Company Separately Announces Q4 and Full-Year 2024 Financial Results and Appointment of Independent Directors to its Board The Middleby Corporation (NASDAQ:MIDD), a leading worldwide manufacturer of equipment for commerci
The Middleby Corporation (NASDAQ:MIDD), a leading worldwide manufacturer of equipment for commercial foodservice, residential kitchens and food processing industries, today announced the appointment of Julie Bowerman and Ed Garden to its Board of Directors, effective immediately. Ms. Bowerman is an experienced public company director with more than 25 years of success in the food and beverage industry. She currently serves as Chief Marketing Officer of Kellanova Company. Ms. Bowerman previously served as Chief Marketing Officer and E-Commerce Officer of Kellogg Company before Kellanova was created through a 2023 spin-off by Kellogg's. Prior to that, she held senior leadership positions at
Net sales of $1,014 million Diluted earnings per share of $2.07 and adjusted net earnings per share of $2.88 Operating income of $170 million and 16.8% of net sales Record Adjusted EBITDA of $251 million and organic adjusted EBITDA margin of 24.8% Record operating cash flows of $687 million for the full year and $240 million for the quarter Net leverage reduced to 2.0x Repurchased $16.4 million of Middleby common shares in the fourth quarter Completed the acquisitions of Emery Thompson, JC Ford and Gorreri The Middleby Corporation (NASDAQ:MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen ind
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 call to discuss the results at 8 a.m. Eastern Time on February 25. The 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. ABOUT THE MIDDLEBY CORPORATION The Middleby Corporation is a global leader in the foodservice industry. The company develops and manufactures a broad line of solutions used in commercial foo
The Middleby Corporation ("Middleby," "The Company") (NASDAQ:MIDD), 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 Board and management team believe th
The Middleby Corporation (NASDAQ:MIDD) 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. "Gorreri is a highly respected brand recognized worldwide for premium-quality advanced industrial and semi-industrial baked goods solutions. This acquisition adds a broad line of complementary products to our food processing group, including tu
The Middleby Corporation (NASDAQ:MIDD) 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. JC Ford offers a broad range of automated, full-line solutions for corn and flour tortillas, tortilla chips, and other corn-based snacks. In 2021, the company moved into a state-of-the-art, 132,000-square-foot production facility in its Nashville-area headquarters. The consistent increase in consumer demand for tortilla products has made it one of the fastest growing baked food segments both in the U.S. and abroad. "We have targeted the snack food
Net sales of $943 million Diluted earnings per share of $2.11 and adjusted net earnings per share of $2.33 Operating income of $173 million and 18.4% of net sales Adjusted EBITDA of $213 million and organic adjusted EBITDA margin of 22.6% Operating cash flows of $157 million Net leverage reduced to 2.2x Completed the acquisition of Emery Thompson The Middleby Corporation (NASDAQ:MIDD), 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. "Unfavorable macro-economic conditions continued in the third quarter and grew even more challenging in
4 - MIDDLEBY Corp (0000769520) (Issuer)
4 - MIDDLEBY Corp (0000769520) (Issuer)
4 - MIDDLEBY Corp (0000769520) (Issuer)
4 - MIDDLEBY Corp (0000769520) (Issuer)
Jefferies downgraded Middleby from Buy to Hold and set a new price target of $160.00 from $170.00 previously
Raymond James initiated coverage of Middleby with a rating of Mkt Perform
JP Morgan downgraded Middleby from Neutral to Underweight and set a new price target of $118.00 from $145.00 previously
Canaccord Genuity initiated coverage of Middleby with a rating of Buy and set a new price target of $171.00
The Benchmark Company initiated coverage of Middleby with a rating of Buy and set a new price target of $190.00
JP Morgan reiterated coverage of The Middleby with a rating of Neutral and set a new price target of $198.00 from $194.00 previously
Keybanc reiterated coverage of The Middleby with a rating of Overweight and set a new price target of $220.00 from $210.00 previously
Barclays reiterated coverage of The Middleby with a rating of Overweight and set a new price target of $217.00 from $215.00 previously
Barclays reiterated coverage of The Middleby with a rating of Overweight and set a new price target of $215.00 from $200.00 previously
Barclays reiterated coverage of The Middleby with a rating of Overweight and set a new price target of $200.00 from $195.00 previously
Prioritization of Free Cash Flow to Accelerate Share Repurchases Increase of Shares Available for Buyback to 11.4 million shares, an increase of 7.5 million shares Operating income of $141 million as compared to $137 million in prior year Adjusted EBITDA of $182 million as compared to $186 million in prior year Operating cash flows of $141 million in current and prior year Net leverage at 2.0x The Middleby Corporation (NASDAQ:MIDD), 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 2025. Middleby further announced an acceleration to its share rep
The Middleby Corporation (NASDAQ:MIDD) will release 2025 first quarter earnings on Wednesday, May 7 at 7 a.m. Eastern Time. The company has scheduled a conference call to discuss the results at 11 a.m. Eastern Time on May 7. The call is accessible through the Investor Relations section of the company website at www.middleby.com. If website access is not available, attendees can access the conference by dialing 1-844-676-5090 for domestic participants or 1-412-634-6754 for international access. Please note the dial in numbers have been updated from previous conference calls. ABOUT THE MIDDLEBY CORPORATION The Middleby Corporation is a global leader in the foodservice industry. The company
Food Processing to be a Fast-Growing and Nimble Standalone Business with Best-in-Class Technologies for Industrial Protein, Bakery, and Snack Processors Middleby RemainCo Well-Positioned to Drive Sustainable Growth and Margin Expansion Through Innovation Leadership and Differentiated Go-To-Market Capabilities in Commercial Foodservice and Residential Kitchens Separation of Food Processing Expected to be Achieved Through Tax-Free Spin-Off and be Completed Early 2026 Company Separately Announces Q4 and Full-Year 2024 Financial Results and Appointment of Independent Directors to its Board The Middleby Corporation (NASDAQ:MIDD), a leading worldwide manufacturer of equipment for commerci
Net sales of $1,014 million Diluted earnings per share of $2.07 and adjusted net earnings per share of $2.88 Operating income of $170 million and 16.8% of net sales Record Adjusted EBITDA of $251 million and organic adjusted EBITDA margin of 24.8% Record operating cash flows of $687 million for the full year and $240 million for the quarter Net leverage reduced to 2.0x Repurchased $16.4 million of Middleby common shares in the fourth quarter Completed the acquisitions of Emery Thompson, JC Ford and Gorreri The Middleby Corporation (NASDAQ:MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen ind
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 call to discuss the results at 8 a.m. Eastern Time on February 25. The 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. ABOUT THE MIDDLEBY CORPORATION The Middleby Corporation is a global leader in the foodservice industry. The company develops and manufactures a broad line of solutions used in commercial foo
The Middleby Corporation (NASDAQ:MIDD) 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. "Gorreri is a highly respected brand recognized worldwide for premium-quality advanced industrial and semi-industrial baked goods solutions. This acquisition adds a broad line of complementary products to our food processing group, including tu
The Middleby Corporation (NASDAQ:MIDD) 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. JC Ford offers a broad range of automated, full-line solutions for corn and flour tortillas, tortilla chips, and other corn-based snacks. In 2021, the company moved into a state-of-the-art, 132,000-square-foot production facility in its Nashville-area headquarters. The consistent increase in consumer demand for tortilla products has made it one of the fastest growing baked food segments both in the U.S. and abroad. "We have targeted the snack food
Net sales of $943 million Diluted earnings per share of $2.11 and adjusted net earnings per share of $2.33 Operating income of $173 million and 18.4% of net sales Adjusted EBITDA of $213 million and organic adjusted EBITDA margin of 22.6% Operating cash flows of $157 million Net leverage reduced to 2.2x Completed the acquisition of Emery Thompson The Middleby Corporation (NASDAQ:MIDD), 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. "Unfavorable macro-economic conditions continued in the third quarter and grew even more challenging in
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 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. ABOUT THE MIDDLEBY CORPORATION The Middleby Corporation is a global leader in the foodservice industry. The company develops and manufactures a broad line of solut
The Middleby Corporation (NASDAQ:MIDD) 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. "Emery Thompson is a highly respected, well-established brand that will greatly enhance our product offerings in the frozen dessert category. As gelato, frozen yogurt and custard, sorbet, hard ice cream, sherbet and Italian ice continue to gain popularity in the marketplace, Middleby will be well-positioned to address this customer demand," said Tim FitzGerald, Middleby CEO. "There are many synergies between Emery Thompson and Taylor Company, a globally recognized
The Middleby Corporation (NASDAQ:MIDD), a leading worldwide manufacturer of equipment for commercial foodservice, residential kitchens and food processing industries, today announced the appointment of Julie Bowerman and Ed Garden to its Board of Directors, effective immediately. Ms. Bowerman is an experienced public company director with more than 25 years of success in the food and beverage industry. She currently serves as Chief Marketing Officer of Kellanova Company. Ms. Bowerman previously served as Chief Marketing Officer and E-Commerce Officer of Kellogg Company before Kellanova was created through a 2023 spin-off by Kellogg's. Prior to that, she held senior leadership positions at
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 Chief Financial Officer of Graphic Packaging Holding Company with extensive business expertise in audit, acquisitions, distribution, and capital strategies. Mr. Shah is Global Chief Information Officer of Fluence Energy and brings a deep knowledge of cybersecurity and IoT to the Middleby Board along with proven success in implementing business-to-business and business-to-consumer strategies. "Steve and Tejas bring deep experience to the Middleby Board, expanding our proficiencies in risk management, cybersecurity, innovat
-Martin Lindsay Retires, Brittany Cerwin and Matthew Fuchsen Named Company Officers- Middleby (NASDAQ:MIDD) 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. Mr. Lindsay, a senior leader with Middleby for nearly 25 years, will be retiring at the end of July and plans to remain an advisor to the company until the end of 2023. He will begin this transition immediately and step down as a company officer. Joining Middleby in 1999, Mr. Lindsay began his Middleby career at a time when t
Highlights New Directors Selim Bassoul and Alan Shaw Collectively Possess Deep Experience in Durable Goods, Finance, Governance, Growth Initiatives and Supplier Relations Reaches Cooperation Agreement with Kanen Wealth Management, Which Provided Constructive Input on Latest Stage of Company's Board Refresh Process 1847 Goedeker Inc. (NYSE:GOED) ("Goedeker" or the "Company"), one of the largest specialty ecommerce players in the U.S. household appliances market, today announced that it has appointed two highly-qualified and independent individuals – Selim Bassoul and Alan Shaw – to the Company's Board of Directors (the "Board"), effective immediately. Today's appointments, which are an
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the retirement of Chief Operating Officer David Brewer, effective at the end of 2021. Dave joined Middleby in 2006 and held senior management positions before being named Chief Operating Officer. During his tenure with Middleby, he has offered key insights and strategic counsel in more than 50 acquisitions completed across three business platforms. He was part of the leadership team responsible for revenue increases from $400 million in 2006 to nearly $3 billion. Dave has also played a key role within the investment community, sharing his perspectives on the industry trends driving customers. "
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