JPMorgan Starts Middleby Corp (MIDD) at Neutral

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Middleby Corp (MIDD) Tops Q4 EPS by 21c, Revenues Beat

March 1, 2021 7:04 AM EST

Middleby Corp (NASDAQ: MIDD) reported Q4 EPS of $1.62, $0.21 better than the analyst estimate of $1.41. Revenue for the quarter came in at $729.3 million versus the consensus estimate of $694.89 million.

While 2020 was a challenging year for our industry and customers, we have been proactive during this time of uncertainty. Our actions in 2020 have positioned Middleby to lead emerging trends and realize growth across all our platforms. We advanced our technology initiatives, expanded our sales capabilities, secured strategic acquisitions, reinforced our supply chain, expanded our global infrastructure, introduced new, innovative products and opened our state-of-the-art... More