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

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

The Middleby Corporation Reports Fourth Quarter Results

March 1, 2021 7:00 AM EST

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 fourth quarter of $51.8 million or $0.94 diluted earnings per share on net sales of $729.3 million. Adjusted net earnings were $89.0 million or $1.62 adjusted diluted earnings per share. A full reconciliation between GAAP and non-GAAP measures is provided at the end the press release.

While 2020 was a challenging year for our industry and customers, we have been proactive during this time of uncertainty.... More