The Middleby Corporation is engaged in the design, manufacture and sale of commercial foodservice, food processing equipment and residential kitchen equipment. The Company operates in three segments: the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group. It is also engaged in the design, manufacture, marketing, distribution and service of a range of foodservice equipment used in commercial restaurants and institutional kitchens; food preparation, cooking, baking, chilling and packaging equipment for food processing operations, and kitchen equipment, including ranges, ovens, refrigerators, ventilation and dishwashers used in the residential market.
Type
Public
HQ
Elgin, US
Founded
1888
Size (employees)
8,026 (est)
The Middleby was founded in 1888 and is headquartered in Elgin, US
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The Middleby Office Locations

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

The Middleby Financials

The Middleby's revenue was reported to be $2.34 b in FY, 2017
USD

Revenue (Q1, 2018)

584.8 m

Gross profit (Q1, 2018)

211.6 m

Gross profit margin (Q1, 2018), %

36.2%

Net income (Q1, 2018)

65.4 m

EBIT (Q1, 2018)

87 m

Market capitalization (22-Jun-2018)

5.8 b

Closing share price (22-Jun-2018)

104.9

Cash (31-Mar-2018)

103.3 m

EV

6.8 b
The Middleby's current market capitalization is $5.8 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.4 b1.6 b1.8 b2.3 b2.3 b

Revenue growth, %

15%12%24%

Cost of goods sold

878.7 m996 m1.1 b1.4 b1.4 b

Gross profit

550 m640.6 m706.5 m901.2 m912.7 m
Quarterly
USDQ1, 2014Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

360 m372.5 m424.8 m404.3 m449 m406.6 m436.3 m574.2 m516.4 m580.5 m530.3 m579.3 m593 m584.8 m

Cost of goods sold

218.6 m229.5 m258.6 m241.9 m271.8 m249 m263.4 m342.5 m319.6 m347 m320.8 m344.7 m364.5 m373.2 m

Gross profit

141.4 m143 m166.2 m162.4 m177.2 m157.6 m172.9 m231.7 m196.8 m233.5 m209.5 m234.6 m228.5 m211.6 m

Gross profit Margin, %

39%38%39%40%39%39%40%40%38%40%39%40%39%36%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

36.9 m43.9 m55.5 m68.5 m89.7 m

Accounts Receivable

205.3 m229.9 m282.5 m325.9 m

Inventories

368.2 m424.6 m

Current Assets

545.7 m614.1 m795.2 m811.7 m931.9 m
Quarterly
USDQ1, 2014Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

29.4 m39.1 m32.3 m38.2 m55.1 m54.3 m38.6 m61.8 m55.7 m74 m76.6 m64.9 m81.7 m103.3 m

Inventories

209.8 m260.5 m260 m260 m373.8 m276.4 m291.9 m385.4 m367.6 m389.9 m396.2 m421.9 m459.2 m

Current Assets

514.1 m629.3 m611.3 m602.1 m823.7 m662 m653.6 m830 m825.9 m835 m837.4 m884.3 m901.5 m959.7 m

Goodwill

635.7 m701.8 m719.3 m723.6 m977.2 m819.3 m833.4 m1.1 b984 m1.1 b1.1 b1.1 b1.2 b1.3 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

153.9 m193.3 m191.6 m284.2 m298.1 m

Depreciation and Amortization

43.2 m41.3 m54.1 m58.2 m69.8 m

Inventories

(9.7 m)

Accounts Payable

(9.2 m)(7.9 m)(18 m)(7.7 m)(21.6 m)
Quarterly
USDQ1, 2014Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q3, 2017Q1, 2018

Net Income

40.9 m33.4 m48.4 m59.7 m48.8 m38.2 m54.3 m75.9 m54.5 m72.9 m70.7 m74.7 m65.4 m

Depreciation and Amortization

20 m

Inventories

(9.1 m)

Accounts Payable

105.3 m101.7 m181.8 m111.4 m109.9 m147.1 m156.2 m158.1 m145.9 m144.5 m(3.4 m)
USDY, 2018

EV/EBIT

78 x

EV/CFO

151.7 x

Revenue/Employee

72.9 k

Financial Leverage

2.4 x
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The Middleby Online and Social Media Presence

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The Middleby News and Updates

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