Middleby Corp (MIDD) Tops Q1 EPS by 17c, Revenues Beat

Middleby Corp (NASDAQ: MIDD) reported Q1 EPS of $1.79, $0.17 better than the analyst estimate of $1.62. Revenue for the quarter came in at $758.1 million versus the consensus estimate of $728.7 million.

“We have positive momentum entering 2021 with strong orders and rising backlogs in all three business segments. Profitability across all three business segments increased as well, as we realized the benefits of our operating initiatives while also to moving forward our strategic initiatives with investments in sales, technology and service capabilities. We continue to proactively manage ongoing challenges due to COVID, particularly with supply chain disruption and rising costs, to minimize customer impact. Employee safety remains our top priority and we have kept the precautions at our facilities in place to best protect our workforce,” said Tim FitzGerald, CEO of The Middleby Corporation.

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

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