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.
Company Growth (employees)
Type
Public
HQ
Elgin, US
Founded
1888
Size (employees)
2,981 (est)
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 Financials and Metrics

The Middleby Financials

The Middleby's revenue was reported to be $2.3 b in FY, 2016
USD

Revenue (Q3, 2017)

593 m

Gross profit (Q3, 2017)

228.5 m

Gross profit margin (Q3, 2017), %

39%

Net income (Q3, 2017)

74.7 m

EBIT (Q3, 2017)

118.3 m

Market capitalization (08-Dec-2017)

7.1 b

Cash (30-Sep-2017)

81.7 m

EV

8 b
The Middleby's current market capitalization is $7.1 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
USDQ1, 2014Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

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

Gross profit Margin, %

39%38%39%40%39%39%40%40%38%40%39%40%39%
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
USDQ1, 2014Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017Q3, 2017

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 m

Inventories

209.8 m260.5 m260 m260 m373.8 m276.4 m291.9 m385.4 m367.6 m389.9 m396.2 m421.9 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 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 b
    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)
    USDQ1, 2014Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q3, 2017

    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 m

    Accounts Payable

    105.3 m101.7 m181.8 m111.4 m109.9 m147.1 m156.2 m158.1 m145.9 m144.5 m
      USDY, 2017

      EV/EBIT

      67.6 x

      Revenue/Employee

      198.9 k

      Financial Leverage

      2.4 x
      Show all financial metrics

      The Middleby Market Value History

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