Welcome to our dedicated page for Middleby news (Ticker: MIDD), a resource for investors and traders seeking the latest updates and insights on Middleby stock.
Middleby Corporation (NASDAQ: MIDD) delivers essential foodservice and food processing solutions through its three core segments: commercial equipment, industrial systems, and residential appliances. This news hub provides investors and industry professionals with comprehensive updates on the company’s latest developments, strategic initiatives, and market positioning.
Access timely updates including earnings reports, product innovations, and corporate announcements. Our curated collection features press releases covering commercial kitchen technology advancements, food processing equipment launches, and residential appliance updates – all critical for understanding MIDD’s market trajectory.
Key content categories include operational expansions, sustainability initiatives, IoT integration progress through Powerhouse Dynamics, and partnership announcements. Bookmark this page for structured access to Middleby’s evolving business landscape, featuring verified information directly from corporate communications and trusted financial sources.
The Middleby Corporation (NASDAQ: MIDD) reported a strong financial performance for Q4 2022, with net sales of $1,032 million, a 19.1% increase year-over-year. Diluted EPS rose to $2.45, while adjusted EPS reached $2.57, a 21.8% increase. Adjusted EBITDA was reported at $234 million, reflecting a 21.0% increase. The company completed two significant acquisitions: Escher and Marco, enhancing its bakery and beverage businesses. The fourth quarter also saw positive organic net sales growth in all segments, driven by higher demand. However, foreign exchange losses of approximately $9.8 million negatively impacted adjusted earnings.
The Middleby Corporation (NASDAQ: MIDD) will announce its fourth-quarter earnings for 2022 on February 21, before the market opens. A conference call to discuss the results is scheduled for 11 a.m. Eastern Time on the same day, accessible via the company's Investor Relations website or by dialing in for attendees without internet access.
Middleby is recognized as a global leader in the foodservice industry, offering innovative solutions for commercial foodservice, food processing, and residential kitchens. In 2022, it was honored as a World’s Best Employer by Forbes.
The Middleby Corporation (NASDAQ: MIDD) has acquired Flavor Burst, a company specializing in innovative flavoring technology for beverages and soft serve products, based in Danville, Ind. This acquisition, valued at $5 million in annual revenue for Flavor Burst, aims to enhance Middleby’s beverage solutions and customer offerings, providing automated multi-flavor syrup dispensing that improves flavor consistency and profitability for end users. CEO Tim FitzGerald highlighted the strategic importance of Flavor Burst's technology, which aligns with Middleby's existing product lines and is already utilized in chain restaurants globally.
The Middleby Corporation (NASDAQ: MIDD) has acquired Marco Beverage Systems, a Dublin-based company specializing in energy-efficient beverage dispensing solutions, with annual revenues of
The Middleby Corporation (NASDAQ: MIDD) has released its Analyst Day presentation, now available on its investor page. The company is a global leader in the foodservice industry, offering a broad range of solutions for commercial foodservice, food processing, and residential kitchens. Middleby has been recognized as a World’s Best Employer by Forbes in 2022 and emphasizes innovation through its Middleby Innovation Kitchens. For more details, visit www.middleby.com.
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