The Middleby

The Middleby Corporation (NASDAQ: MIDD), is a publicly traded commercial and residential cooking and industrial food processing equipment company based in Elgin, Illinois, USA. The Commercial Cooking Equipment segment of Middleby does business with 97 out of the top 100 food service chains in the United States and internationally. Its Food Processing Equipment group manufactures food preparation, cooking, packaging, and food safety equipment for the food processing industry. Residential Kitchen Equipment group manufactures, sells, and distributes kitchen equipment for the residential market. The company offers residential ranges, ovens, refrigerators, dishwashers, microwaves, cooktops, and outdoor equipment from a number of leading brands, including Viking, TurboChef and Jade. Middleby has received numerous prestigious awards and recognitions including "Forbes Best Small Company", "Business Week Hot Growth Company", "Fortune Fastest Growing Company", "Crain’s Chicago Business, Fast Fifty". The Middleby Corporation was founded in 1888 and is based in Elgin, Illinois.
Type
Public
HQ
Elgin, US
Founded
1888
Size (employees)
2,981 (est)-61%
The Middleby was founded in 1888 and is headquartered in Elgin, US

The Middleby Office Locations

The Middleby has an office in Elgin
Elgin, US (HQ)
1400 Toastmaster Dr

The Middleby Metrics

The Middleby Financial Metrics

Revenue (2016)

$2.3 b

Revenue growth (2015-16), %

24%

Gross profit

$901.2 m

Gross profit margin (2016), %

40%

Net income (2016)

$284.2 m

Market capitalization (28-Apr-2017)

$7.8 b

Closing share price (28-Apr-2017)

$138

Cash (31-Dec-2016)

$68.5 m
The Middleby's current market capitalization is $7.8 b.
The Middleby's revenue was reported to be $2.3 b in FY, 2016 which is a 24% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$1.4 b$1.6 b$1.8 b$2.3 b

Revenue growth, %

15%12%24%

Cost of goods sold

$878.7 m$996 m$1.1 b$1.4 b

Gross profit

$550 m$640.6 m$706.5 m$901.2 m

Gross profit Margin, %

38%39%39%40%

EBIT

$244.5 m$300.4 m$302.6 m$446.2 m

EBIT margin, %

17%18%17%20%

Pre tax profit

$225.8 m$280.8 m$281.2 m$421.3 m

Net Income

$153.9 m$193.3 m$191.6 m$284.2 m
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$36.9 m$43.9 m$55.5 m$68.5 m

Accounts Receivable

$205.3 m$229.9 m$282.5 m$325.9 m

Inventories

Current Assets

$545.7 m$614.1 m$795.2 m$811.7 m

PP&E

$125.5 m$129.7 m$199.8 m$221.6 m

Goodwill

$688 m$808.5 m$983.3 m$1.1 b

Total Assets

$1.8 b$2.1 b$2.8 b$2.9 b

Accounts Payable

$96.5 m$98.3 m$157.8 m$146.9 m

Current Liabilities

$311.4 m$328.3 m$510 m$488.4 m

Additional Paid-in Capital

$268.2 m$310.4 m$328.7 m$355.3 m

Retained Earnings

$730.4 m$923.7 m$1.1 b$1.4 b

Total Equity

$838.3 m$1 b$1.2 b$1.3 b

Financial Leverage

2.2 x2.1 x2.4 x2.3 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$153.9 m$193.3 m$191.6 m$284.2 m

Depreciation and Amortization

$43.2 m$41.3 m$54.1 m$58.2 m

Accounts Receivable

($18 m)($21 m)$17.1 m($34 m)

Inventories

Accounts Payable

($9.2 m)($7.9 m)($18 m)($7.7 m)

Cash From Operating Activities

$146.2 m$233.9 m$249.6 m$294.1 m

Purchases of PP&E

($14.6 m)($13.1 m)($22.4 m)($24.8 m)

Cash From Investing Activities

($474.2 m)($233.1 m)($371 m)($235.7 m)

Cash From Financing Activities

$330.2 m$8.9 m$136.8 m($41.4 m)

The Middleby Market Value History

The Middleby Online Presence

The Middleby Company Life

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