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 Data and Metrics

The Middleby Financial Metrics

The Middleby's revenue was reported to be $530.3 m in Q1, 2017
USD

Revenue (Q1, 2017)

530.3 m

Gross profit (Q1, 2017)

209.5 m

Gross profit margin (Q1, 2017), %

39%

Net income (Q1, 2017)

70.7 m

EBIT (Q1, 2017)

101.1 m

Market capitalization (15-Aug-2017)

6.8 b

Cash (01-Apr-2017)

76.6 m
The Middleby's current market capitalization is $6.8 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1.4 b1.6 b1.8 b2.3 b

Revenue growth, %

15%12%24%

Cost of goods sold

878.7 m996 m1.1 b1.4 b

Gross profit

550 m640.6 m706.5 m901.2 m

Gross profit Margin, %

38%39%39%40%

General and administrative expense

220.5 m

Operating expense total

220.5 m

EBIT

244.5 m300.4 m302.6 m446.2 m

EBIT margin, %

17%18%17%20%

Pre tax profit

225.8 m280.8 m281.2 m421.3 m

Income tax expense

71.9 m87.5 m89.6 m137.1 m

Net Income

153.9 m193.3 m191.6 m284.2 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

424.8 m404.3 m406.6 m436.3 m449 m516.4 m580.5 m574.2 m530.3 m

Cost of goods sold

258.6 m241.9 m249 m263.4 m271.8 m319.6 m347 m342.5 m320.8 m

Gross profit

166.2 m162.4 m157.6 m172.9 m177.2 m196.8 m233.5 m231.7 m209.5 m

Gross profit Margin, %

39%40%39%40%39%38%40%40%39%

General and administrative expense

42.3 m40.4 m43.9 m44.2 m52.7 m56.1 m57.2 m52.6 m

Operating expense total

42.3 m40.4 m43.9 m44.2 m52.7 m56.1 m57.2 m52.6 m

EBIT

75.7 m86.5 m66.6 m83.4 m80 m86.4 m111.9 m121.4 m101.1 m

EBIT margin, %

18%21%16%19%18%17%19%21%19%

Pre tax profit

71.4 m81.6 m58.3 m79.7 m73.9 m81.9 m109.7 m111.8 m93.4 m

Income tax expense

23 m21.9 m20 m25.4 m25 m27.4 m36.8 m36 m22.7 m

Net Income

48.4 m59.7 m38.2 m54.3 m48.8 m54.5 m72.9 m75.9 m70.7 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

36.9 m43.9 m55.5 m68.5 m

Accounts Receivable

205.3 m229.9 m282.5 m325.9 m

Inventories

368.2 m

Current Assets

545.7 m614.1 m795.2 m811.7 m

PP&E

125.5 m129.7 m199.8 m221.6 m

Goodwill

688 m808.5 m983.3 m1.1 b

Total Assets

1.8 b2.1 b2.8 b2.9 b

Accounts Payable

96.5 m98.3 m157.8 m146.9 m

Total Debt

726.2 m

Current Liabilities

311.4 m328.3 m510 m488.4 m

Additional Paid-in Capital

268.2 m310.4 m328.7 m355.3 m

Retained Earnings

730.4 m923.7 m1.1 b1.4 b

Total Equity

838.3 m1 b1.2 b1.3 b

Debt to Equity Ratio

0.6 x

Debt to Assets Ratio

0.2 x

Financial Leverage

2.2 x2.1 x2.4 x2.3 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

32.3 m38.2 m54.3 m38.6 m55.1 m55.7 m74 m61.8 m76.6 m

Inventories

260 m260 m276.4 m291.9 m373.8 m367.6 m389.9 m385.4 m396.2 m

Current Assets

611.3 m602.1 m662 m653.6 m823.7 m825.9 m835 m830 m837.4 m

Goodwill

719.3 m723.6 m819.3 m833.4 m977.2 m984 m1.1 b1.1 b1.1 b

Total Assets

1.9 b1.9 b2.1 b2.2 b2.7 b2.8 b2.9 b2.9 b2.9 b

Accounts Payable

105.3 m101.7 m111.4 m109.9 m181.8 m156.2 m158.1 m147.1 m145.9 m

Current Liabilities

316.1 m329.9 m333.7 m341.3 m519.7 m513.2 m517.4 m485.6 m449.9 m

Additional Paid-in Capital

299.9 m304.8 m314.8 m320.2 m324.5 m332.8 m339 m345.2 m358.8 m

Retained Earnings

812.2 m871.9 m961.9 m1 b1.1 b1.2 b1.2 b1.3 b1.5 b

Total Equity

911 m963 m1 b1.1 b1.1 b1.2 b1.3 b1.3 b1.3 b

Financial Leverage

2.1 x2 x2.1 x2 x2.4 x2.3 x2.3 x2.2 x2.2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

153.9 m193.3 m191.6 m284.2 m

Depreciation and Amortization

43.2 m41.3 m54.1 m58.2 m

Accounts Receivable

(18 m)(21 m)17.1 m(33.9 m)

Accounts Payable

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

Cash From Operating Activities

146.2 m233.9 m249.6 m294.1 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 m8.9 m136.8 m(41.4 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

48.4 m59.7 m38.2 m54.3 m48.8 m54.5 m72.9 m75.9 m70.7 m

Accounts Payable

105.3 m101.7 m111.4 m109.9 m181.8 m156.2 m158.1 m147.1 m145.9 m
Y, 2017

Financial Leverage

2.2 x

The Middleby Market Value History

Traffic Overview of The Middleby

The Middleby Online and Social Media Presence

The Middleby Company Life and Culture

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