Middleby (MIDD)
Builds commercial cooking, refrigeration, and beverage equipment under dozens of acquired brands.
$112.79
After hours+0.04 (+0.04%)
At close$112.75(+1.35%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Jan 2026 | Q1 FY26Apr 2026 | Q2 FY26Jul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 981 | 1,009 | 927 | 992 | 943 | 1,014 | 907 | 978 | 982 | 866 | 840 | 876 |
| Cost of revenue | 605 | 622 | 581 | 612 | 587 | 625 | 561 | 607 | 621 | 530 | 517 | 540 |
| Gross profit | 375 | 387 | 346 | 380 | 355 | 389 | 346 | 371 | 361 | 336 | 323 | 335 |
| 201 | 272 | 209 | 204 | 182 | 219 | 205 | 214 | 916 | 175 | 188 | 187 | |
| Research & development | 0 | 53 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 194 | 192 | 206 | 199 | 179 | 178 | 203 | 214 | 204 | 175 | 188 | 184 | |
| Selling & marketing | 0 | 0 | 0 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| General & administrative | 194 | 0 | 0 | 195 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other expenses | 7 | 27 | 3 | 5 | 3 | 41 | 3 | 0 | 712 | 0 | 0 | 3 |
| Operating income | 174 | 115 | 137 | 176 | 173 | 170 | 141 | 158 | −554 | 161 | 135 | 148 |
| −30 | −28 | −22 | −21 | −19 | −17 | −19 | −25 | −25 | −41 | −22 | −50 | |
| Interest expense | 31 | 28 | 26 | 25 | 21 | 20 | 18 | 20 | 25 | 29 | 25 | 26 |
| Other non-operating income | −10 | −9 | −4 | −4 | −3 | −3 | 1 | 5 | 0 | 11 | −4 | −3 |
| Income before tax | 144 | 87 | 115 | 155 | 155 | 153 | 121 | 133 | −579 | 121 | 113 | 97 |
| Income tax expense | 36 | 11 | 28 | 39 | 41 | 41 | 29 | 27 | −66 | 35 | 28 | 43 |
| Net income from continuing operations | 109 | 76 | 87 | 115 | 114 | 112 | 92 | 106 | −513 | 86 | 85 | 54 |
| Discontinued operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −49 | −135 | 1 |
| Net income | 109 | 76 | 87 | 115 | 114 | 112 | 92 | 106 | −513 | 37 | −50 | 55 |
| EPS, basic | $2.03 | $1.42 | $1.61 | $2.15 | $2.12 | $2.09 | $1.72 | $2.01 | −$10.15 | $0.74 | −$1.06 | $1.20 |
| EPS, diluted | $2.01 | $1.42 | $1.59 | $2.13 | $2.11 | $2.07 | $1.69 | $1.99 | −$10.15 | $0.74 | −$1.06 | $1.20 |
| Weighted average shares, basic | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 53 | 51 | 50 | 47 | 45 |
| Weighted average shares, diluted | 54 | 54 | 54 | 54 | 54 | 54 | 55 | 53 | 51 | 50 | 47 | 45 |
| EBITDA | 216 | 155 | 174 | 211 | 207 | 205 | 172 | 183 | −521 | 176 | 163 | 176 |
| Depreciation & amortization | 31 | 32 | 32 | 32 | 31 | 32 | 32 | 30 | 33 | 26 | 25 | 25 |
| EBIT | 184 | 123 | 141 | 179 | 176 | 173 | 140 | 153 | −554 | 150 | 138 | 151 |
