The Middleby Corporation Reports Fourth Quarter and Full Year Results
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Middleby Corp (MIDD) Tops Q4 EPS by 14c, Revenues Beat
February 27, 2019 7:03 AM ESTMiddleby Corp (NASDAQ: MIDD) reported Q4 EPS of $1.79, $0.14 better than the analyst estimate of $1.65. Revenue for the quarter came in at $756.67 million versus the consensus estimate of $737.6 million.
Timothy FitzGerald, Chief Executive Officer, commented, At the Commercial Foodservice Equipment Group, we realized growth in sales to major restaurant chains and improved sales in international markets, including Asia and Latin America. We anticipate the growth with chains will carry forward into 2019 as our ongoing pipeline of innovations, particularly in beverage, accelerated ventless cooking and automated conveyorized equipment are adopted by customers to address challenges of... More
