Last $86.23 USD
Change Today +0.11 / 0.13%
Volume 155.4K
MIDD On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

middleby corp (MIDD) Snapshot

Open
$86.31
Previous Close
$86.12
Day High
$86.52
Day Low
$85.59
52 Week High
02/27/14 - $102.04
52 Week Low
08/30/13 - $61.37
Market Cap
4.9B
Average Volume 10 Days
207.5K
EPS TTM
$3.03
Shares Outstanding
57.3M
EX-Date
06/2/04
P/E TM
28.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for MIDDLEBY CORP (MIDD)

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middleby corp (MIDD) Details

The Middleby Corp. designs, manufactures, markets, distributes, and services a line of cooking equipment and related products, primarily in the U.S. Its commercial equipment side makes conveyor and convection ovens, fryers, ranges, toasters, combi ovens, steamers, broilers, deck ovens, baking ovens, proofers, and countertop cooking and warming equipment. Commercial customers range from fast-food and full-service restaurants to corporate cafeterias, supermarkets, convenience stores, hotels, and resorts—and such institutions as schools, hospitals, prisons, stadiums, airports, military facilities, and government agencies. On its industrial side, Middleby makes batch ovens, conveyor ovens, continuous cooking systems, and food packaging equipment for food processing companies. Its international business sells and provides technical support for commercial equipment in numerous countries in Asia, Europe, and Latin America. The company, based in Elgin, Ill., was founded as Middleby Marshall Oven Co. in 1888.

middleby corp (MIDD) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.0M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $575.0K
Chief Operating Officer
Total Annual Compensation: $400.0K
Corporate Treasurer, Assistant Secretary and ...
Total Annual Compensation: $140.0K
Compensation as of Fiscal Year 2013.

middleby corp (MIDD) Key Developments

Middleby Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 28, 2014; Provides Cash Flow Guidance for the Second Half of 2014; Provides Tax Rate and Capex Guidance for the Full Year of 2014

Middleby Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 28, 2014. For the quarter, the company reported net sales of $424.776 million, income from operations of $75.739 million, earnings before income taxes of $71.375 million, net earnings of $48.405 million or $0.85 per basic and diluted share compared to the net sales of $363.801 million, income from operations of $60.325 million, earnings before income taxes of $55.888 million, net earnings of $37.163 million or $0.67 per basic and diluted share for the same quarter year ago. Net sales increased 16.8% compared to the prior year second quarter. Excluding the impact of acquisitions, sales increased 11.0% during the second quarter. Total debt at the end of the 2014 second quarter amounted to $592.7 million as compared to $655.4 million at the end of the first quarter, as cash generated from operations were utilized to repay debt. During the second quarter, the company utilized $3.8 million to fund capital expenditures and $15 million to fund acquisition-related activities. Cash flows generated by operating activities amounted to $72.5 million for the quarter. For the six months, the company reported net sales of $797.254 million, income from operations of $131.672 million, earnings before income taxes of $122.456 million, net earnings of $81.850 million or $1.44 per basic and diluted share compared to the net sales of $691.252 million, income from operations of $102.520 million, earnings before income taxes of $94.436 million, net earnings of $63.065 million or $1.13 per diluted share for the same period year ago. Cash flows generated by operating activities amounted to $61.7 million. The company anticipates continued strong cash flow generation in the second half of 2014, which is traditionally stronger due to cyclical factors. The effective rate for the full year 2014 is anticipated to range from 33% to 34%, largely dependent on the mix of domestic versus foreign earnings. The company expects capital expenditures to be in 1.5% to 2% of sales range for the full year.

Middleby Corp., Q2 2014 Earnings Call, Aug 07, 2014

Middleby Corp., Q2 2014 Earnings Call, Aug 07, 2014

Middleby Corp. to Report Q2, 2014 Results on Aug 06, 2014

Middleby Corp. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 06, 2014

 

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