MIDD Stock Recent News

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The Middleby Corporation (MIDD -1.28%) announced several major strategic moves in its fourth-quarter earnings call on February 25, 2025, including plans to separate its Food Processing business into a stand-alone public company. Here are the key insights for long-term investors.

MIDD's fourth-quarter 2024 net sales increase 0.5% year over year on account of the impressive performance of the Food Processing Equipment Group segment.

While the top- and bottom-line numbers for Middleby (MIDD) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Middleby (MIDD 1.70%), a leading player in commercial, food processing, and residential kitchen equipment, released its Q4 2024 earnings on February 25, 2025.

Middleby (MIDD) came out with quarterly earnings of $2.88 per share, beating the Zacks Consensus Estimate of $2.50 per share. This compares to earnings of $2.65 per share a year ago.

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for commercial foodservice, residential kitchens and food processing industries, today announced that as an update on its previously announced strategic review its Board of Directors has unanimously approved a plan to separate its food processing business into a standalone public company. This separation creates two independent and innovative leaders: The Middleby Corporation (Mi.

ELGIN, Ill.--(BUSINESS WIRE)--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 C.

Beyond analysts' top -and-bottom-line estimates for Middleby (MIDD), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.

MIDD gains from accretive acquisitions and focus on launching new products. The company's shareholder-friendly policies also bode well.