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Middleby Corp. - MIDD STOCK NEWS

Welcome to our dedicated news page for Middleby (Ticker: MIDD), a resource for investors and traders seeking the latest updates and insights on Middleby.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Middleby's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Middleby's position in the market.

News
The Middleby Corporation Reports Fourth Quarter Results
Rhea-AI Summary
The Middleby Corporation (MIDD) reported record Q4 Adjusted EBITDA of $235 million, a 1% increase YoY, and YTD Adjusted EBITDA of $900 million, a 6% increase YoY. Operating cash flows reached $256 million for the quarter and $629 million for the year. The company achieved an organic adjusted EBITDA margin of 23.6%, with diluted earnings per share of $1.42 and adjusted net earnings per share of $2.65 for the fourth quarter, a 3% YoY increase.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.61%
Tags
earnings
-
News
Middleby Acquires GBT GmbH Bakery Technology
Rhea-AI Summary
Middleby Corporation (MIDD) has acquired GBT GmbH Bakery Technology, a German company specializing in industrial baking and bread lines, with annual revenues of approximately €10 million. The acquisition is expected to strengthen Middleby's European presence in large-scale baking and expand its offerings and customer base with new full line solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.16%
Tags
acquisition
-
News
Middleby Schedules Fourth Quarter Earnings Release and Conference Call
Rhea-AI Summary
Middleby Corporation (MIDD) is set to release its 2023 fourth quarter earnings on February 20, with a scheduled conference call to discuss the results. The call will be accessible through the Investor Relations section of the company website or by phone. Investors and analysts are eagerly anticipating the financial performance of the company for the quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.05%
Tags
earnings
News
Middleby Appoints Stephen Scherger and Tejas Shah to its Board of Directors
Rhea-AI Summary
Middleby Corporation (NASDAQ: MIDD) has expanded its Board of Directors with the appointment of Stephen Scherger and Tejas Shah. Scherger, the CFO of Graphic Packaging Holding Company, brings extensive business expertise in audit, acquisitions, distribution, and capital strategies. Shah, the Global CIO of Fluence Energy, has deep knowledge of cybersecurity and IoT. The addition of these two members is expected to enhance Middleby's risk management, cybersecurity, innovation, acquisitions, and ESG matters, supporting the company's strategic growth and expansion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.59%
Tags
management
-
News
The Middleby Corporation Reports Third Quarter Results
Rhea-AI Summary
Middleby Corporation (NASDAQ: MIDD) reported Q3 adjusted EBITDA of $224 million, a $11 million increase year over year. Record LTM adjusted EBITDA of $896 million, an $83 million increase over the prior year. Key acquisitions of Terry Water Solutions and Trade-Wind. Despite market challenges, net sales decreased by 1.2% and organic net sales decreased by 4.4% in Q3 2023. The company's CEO, Tim FitzGerald, expressed confidence in long-term growth initiatives and profitability goals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.89%
Tags
earnings
-
News
Middleby Schedules Third Quarter Earnings Release and Conference Call
Rhea-AI Summary
The Middleby Corporation (NASDAQ: MIDD) will release its 2023 third quarter earnings on November 8. A conference call to discuss the results will be held at 11 a.m. Eastern/10 a.m. Central Time on the same day. The conference call can be accessed through the Investor Relations section of the company website or by dialing (833) 630-1956 (US) or (412) 317-1837 (International).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.67%
Tags
earnings
News
Powerhouse Dynamics Returns as a Key Sponsor of FSTEC 2023, Taking Place Sept. 13-15 in Dallas, Texas
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.45%
Tags
none
-
News
The Middleby Corporation Reports Record Second Quarter Results
Rhea-AI Summary
Middleby Corporation (NASDAQ: MIDD) reported a 3% increase in revenue year over year, with adjusted EBITDA of $229 million, marking a 9% increase. The company also completed acquisitions of Blue Sparq and Filtration Automation, showing solid results and margin expansion, while managing near-term challenges in the housing market. Organic net sales decreased 2.3%, but the company remains optimistic about strong underlying demand and a robust pipeline of new opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.36%
Tags
earnings
-
News
Middleby Acquires Trade-Wind Manufacturing LLC
Rhea-AI Summary
Middleby Corporation acquires Trade-Wind Manufacturing, a premier manufacturer of ventilation innovation for residential use. Trade-Wind has $10 million in annual revenues and complements Middleby's cooking brands. The acquisition allows Middleby to offer customers a broader portfolio of designs and solutions. Trade-Wind products are low noise and easy to install.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.02%
Tags
acquisition
News
Middleby Schedules Second Quarter Earnings Release and Conference Call
Rhea-AI Summary
Middleby Corporation (MIDD) to release 2023 second quarter earnings on August 3, with a conference call scheduled to discuss the results. Investors can access the call through the company website or by dialing the provided numbers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.65%
Tags
earnings
Stock MIDD logo
Middleby Corp.

Nasdaq:MIDD

MIDD Rankings

#932 Ranked by Market Cap
#3326 Ranked by Stock Gains
N/A Ranked by Dividends

MIDD Stock Data

7.82B
47.32M
1.2%
102.9%
4.71%
Food Product Machinery Manufacturing
Manufacturing
Link
US
Elgin

About MIDD

the middleby corporation (nasdaq: midd), is a publicly traded commercial and residential cooking and industrial food processing equipment company based in elgin, illinois, usa. the commercial cooking equipment segment of middleby does business with 97 out of the top 100 food service chains in the united states and internationally. its food processing equipment group manufactures food preparation, cooking, packaging, and food safety equipment for the food processing industry. residential kitchen equipment group manufactures, sells, and distributes kitchen equipment for the residential market. the company offers residential ranges, ovens, refrigerators, dishwashers, microwaves, cooktops, and outdoor equipment from a number of leading brands, including viking, turbochef and jade. middleby has received numerous prestigious awards and recognitions including "forbes best small company"​, "business week hot growth company"​, "fortune fastest growing company"​, "crain’s chicago business, fast