Middleby Corp (MIDD) Tops Q4 EPS Views; Approves 1M Buyback Program

February 27, 2013 6:41 AM EST
Middleby Corp (NASDAQ: MIDD) reported Q4 EPS of $2.03, $0.23 better than the analyst estimate of $1.80. Revenue for the quarter came in at $291.61 million versus the consensus estimate of $283.52 million.

On February 22, 2013, the Middleby Board of Directors authorized the repurchase of up to an additional 1.0 million shares of Middleby common stock under the Company's existing share repurchase program, which was launched in 1998 with an initial authorization of 1.8 million shares. To date, the Company has repurchased in excess of 1.7 million shares under the program, approaching the previously authorized limit. Accordingly, the Board determined to increase the existing authorization in order to allow for future repurchases from time to time, as the Company deems appropriate.

For earnings history and earnings-related data on Middleby Corp (MIDD) click here.

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