Middleby Corp (MIDD) Tops Q2 EPS by 14c

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The Middleby Corporation Reports Second Quarter Results

August 5, 2020 7:00 AM EDT

ELGIN, Ill.--(BUSINESS WIRE)-- The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net earnings for the 2020 second quarter of $21.2 million or $0.39 diluted earnings per share on net sales of $472.0 million. Adjusted net earnings were $30.4 million or $0.55 adjusted diluted earnings per share. A full reconciliation between GAAP and non-GAAP measures are provided at the end of this press release.

While the COVID-19 pandemic has had a major impact on our business, we moved swiftly to adapt, which required... More