MARKET COMPOSITE
MIDD - Middleby Corp.7:59:59 PM 5/8/2024
Price
$138.34
-3.49 (-2.46%)
The Middleby Corporation, also known as Middleby Corp., is an American publicly traded commercial and residential cooking and industrial process equipment company based in Elgin, Illinois. The company manufactures commercial cooking equipment, industrial processing equipment, and residential appliances. The commercial cooking equipment side of Middleby does business with 97 out of the top 100 food service chains in the United States and internationally. The company was founded by Joseph Middleby and John Marshall in Chicago in 1888 as a bakery supplier. The company made custom portable ovens for the bakery industry. Middleby sold the company to Marshall in the early 1900s. The company was privately held by descendants of Marshall until it was purchased by a private company in 1976. The company was purchased by TMC Industries Ltd. in 1983 and changed its name to The Middleby Corporation in 1985 and moved its headquarters to Elgin, Illinois in the late 1980s.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue1B+3%
Gross Profit386.8MM+3%
Cost Of Revenue621.8MM+3%
Operating Income114.6MM-34%
Operating Expenses272.1MM-
Net Income76.3MM-30%
G&A191.6MM-2%
Amortization18.4MM-3%
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