The Middleby Corporation Reports Fourth Quarter and Full Year Results
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Middleby Corp (MIDD) Tops Q4 EPS by 25c, Revenues Beat
February 26, 2020 7:01 AM ESTMiddleby Corp (NASDAQ: MIDD) reported Q4 EPS of $1.96, $0.25 better than the analyst estimate of $1.71. Revenue for the quarter came in at $787.63 million versus the consensus estimate of $759.26 million.
Timothy FitzGerald, Chief Executive Officer, commented, Although we faced challenging market conditions in 2019, we are pleased with our accomplishments throughout the year. We continued to focus efforts on increasing profitability and realized margin expansion across the segments despite the impact of tariff cost increases. We are committed to long-term revenue expansion through the development of products focused on growing industry trends, investing in transformational technology... More
