MIDD Stock Recent News

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

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

Middleby (MIDD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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

MIDD's performance is affected by weakness in the Residential Kitchen Equipment and Commercial Foodservice Equipment segments, along with a high debt level.

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

MIDD gains from solid product offerings, acquired assets and a strong liquidity position. However, the soft residential kitchen equipment business is a woe.

MIDD upgraded from sell to hold rating due to potential for strong organic growth acceleration in Commercial Foodservice segment. 2Q24 results show decline in revenue, but CF segment EBITDA margin held up well. Macro changes including lower inflation and interest rates may lead to an improved demand environment, but more data needed before confirming growth cycle.

Middleby's (MIDD) second-quarter 2024 net sales decline 4.7% year over year on account of the lackluster performance of its segments.

Although the revenue and EPS for Middleby (MIDD) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.