Middleby Corp (MIDD) Tops Q1 EPS by 3c

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Go back to Middleby Corp (MIDD) Tops Q1 EPS by 3c

The Middleby Corporation Reports First Quarter Results

May 10, 2022 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 2022 first quarter of $85.8 million or $1.52 diluted earnings per share on net sales of $994.7 million. Adjusted net earnings were $116.3 million or $2.13 adjusted diluted earnings per share. A full reconciliation between GAAP and non-GAAP measures is provided at the end of the press release.

We started 2022 with another record for quarterly sales and earnings. And, our profitability remained strong, despite continuing inflationary pressures... More