MIDD The Middleby Corporation featured news, full reports, and detailed charts
The Middleby Corporation (MIDD) Wrap Up:
The Middleby Corporation (“Middleby” or the “company”), through its operating subsidiary Middleby Marshall Inc. (“Middleby Marshall”) and its subsidiaries, is a leader in the design, manufacture, marketing, distribution, and service of a broad line of (i) cooking and warming equipment used in all types of commercial restaurants and institutional kitchens and (ii) food preparation, cooking, and packaging equipment for food processing operations. Founded in 1888 as a manufacturer of baking ovens, Middleby Marshall Oven Company was acquired in 1983 by TMC Industries Ltd., a publicly traded company that changed its name in 1985 to The Middleby Corporation. The company has established itself as a leading provider of (i) commercial restaurant equipment and (ii) food processing equipment as a result of its acquisition of industry leading brands and through the introduction of innovative products within both of these segments. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f02%2f27%2f0001144204-08-012109.html#FIS_BUSINESS"www.middleby.com
1,779 Employees
Founded in 1888
Middleby Corp. (MIDD:NASDAQ)
LAST $46.19 USD
CHANGE TODAY -0.46 -0.99%
VOLUME 108.7K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Middleby Corp. (MIDD)
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OPEN
$46.37
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PREVIOUS CLOSE
$46.65
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DAY HIGH
$46.73
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DAY LOW
$45.86
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52 WEEK HIGH
09/24/09 - $56.99
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52 WEEK LOW
03/3/09 - $20.45
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MARKET CAP
857.1M
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AVERAGE VOLUME 3 mo
153.8K
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DILUTED EPS TTM
$3.37
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SHARES OUTSTANDING
18.6M
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MIDD Does Not Pay Dividends
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P/E TTM
13.7x
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| K = Thousands M = Millions B = Billions | ||
MIDD Top Compensated Officers
Mr. Magdy Albert
Executive Vice President of Food Processing G...
Age: 57
Total Annual Compensation: $200.0K
Executives, Board Directors
Compensation as of Fiscal Year 2007.
Key developments for Middleby Corp. (MIDD)
Middleby Corp. to Report Q3, 2009 Results on November 09, 2009
11/6/2009
Middleby Corp. announced that they will report Q3, 2009 results after the market closes on November 09, 2009.
Middleby Corp., Q3 2009 Earnings Call, Nov-10-2009
11/6/2009
Middleby Corp., Q3 2009 Earnings Call, Nov-10-2009
Middleby Corp. expected to Report Fiscal Year 2009 Results on March 1, 2010. This event was calculated by Capital IQ (Created on November 6, 2009).
11/6/2009
Middleby Corp. expected to Report Fiscal Year 2009 Results on March 1, 2010. This event was calculated by Capital IQ (Created on November 6, 2009).
MIDD Competitors
| Company | Last | Change |
| FMC Technologies Inc | $54.37 USD | -1.22 |
| The Manitowoc Company Inc | $10.56 USD | -0.35 |
| Marel | 68.50 | +0.40 |
| Rational | €114.27 EUR | +1.27 |
| Standex International Corp | $18.12 USD | +0.23 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | MIDD | Industry Range |
| Price/Earnings | 13.8x |
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| Price/Sales | 1.3x |
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| Price/Book | 2.7x |
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| Price/Cash Flow | 14.1x |
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| TEV/Sales | 0.9x |
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MIDD |
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MIDD transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
More Recent News About The Middleby Corporation
More news for MIDD
The Middleby Corporation Schedules Third Quarter Earnings Release and Conference Call
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
Q3 2009 Middleby Earnings Release - After Market Close
Earnings Announcements for Monday, November 9CompanySymbolTimeConferenceCall4Kids EntertainmentKDEBefore Market OpenAbatixABIX.PKAfter Market CloseAbraxas PetroleumAXASAfter Market CloseListenACADIA PHARMACEUTICALS INCACADAfter Market CloseADVANCED BATTERY TECHNOLOG INCABATAfter Market CloseAdvanced PhotonixAPIAfter Market CloseListenAdvanta CorporationADVNATime Not SuppliedAdvocatAVCAAfter Market CloseListenAlbany Molecular ResearchAMRIBefore Market OpenAlesco Financial Inc.AFNAfter Market CloseAlexza Pharmaceuticals Inc.ALXAAfter Market CloseListenAlliance One International, Inc.AOIAfter Market CloseAllianz SEAZSEY.PK01:30 am ETListenALLION HEALTHCARE INCALLITime Not SuppliedALPHATEC HOLDINGS INCATECTime Not SuppliedAmerican CareSource Holdings, Inc.ANCIAfter Market CloseA...Click here to read the whole Article (external link)
The Middleby Corporation Reports Third Quarter Results
 THE MIDDLEBY CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (Amounts in 000’s, Except Per Share Information) (Unaudited)   Three Months Ended  Nine Months Ended  3rd Qtr, 2009  3rd Qtr, 2008 3rd Qtr, 2009  3rd Qtr, 2008 Net sales $ 153,989 $ 166,472 $ 494,136 $ 500,868 Cost of sales  91,952  ...Click here to read the whole Article (external link)
Middleby posts lower 3rd-quarter profit
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
MIDDLEBY CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
Show all filings for MIDDLEBY CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for MIDDLEBY CORP 10-Nov-2009Results of Operations and Financial Condition, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is...Click here to read the whole Article (external link)
Essential No. 1: Creating Exceptional Value
Essential No. 1: Creating Exceptional Value How Middleby's fueled its growth in kitchen gear even in recessions by creating and sustaining exceptional value for its customers By David G. Thomson When I moderate CEO panel discussions on The 7 Essentials, the CEOs invariably make practical suggestions that stun the audience. "Why didn't I think of that?" or "I am going to try that tomorrow!" are candid responses I frequently hear. There is one panel discussion that really stands out for me that proves how a company can achieve exceptional growth by focusing on delivering a highly differentiated, valuable set of benefits. Selim A. Bassoul serves as chairman and CEO of Middleby (MIDD), a member of the select set of companies that have achieved high revenue growth through both the 2002 and the current recession. His company is the leading value-added manufacturer (No. 1 or 2 in market share in each product category) of ovens and ranges used in commercial restaurants, institutional kitchens, and food packaging. Middleby's customers include restaurants such as Panera Bread (PNRA), Dunkin' Donuts, Subway, Papa John's (PZZA), and Morton's The Steakhouse (MRT). When Bassoul took the reins at Middleby in 1999, revenues were $132 million, which shrank to $100 million by the start of the 2001-03 recession. "We had very limited resources and capital, we were running out of cash, and we were highly reliant on three customers that generated more than 60% of our sales," Bassoul remembers. "We ...Click here to read the whole Article (external link)
MIDDLEBY CORP Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. Informational Notes This report contains forward-looking statements subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. The company cautions readers that these projections are based upon future results or events and are highly dependent upon a variety of important factors which could cause such results or events to differ materially from any forward-looking statements which may be deemed to have been made in this report, or which are otherwise made by or on behalf of the company. Such factors include, but are not limited to, volatility in earnings resulting from goodwill impairment losses which may occur irregularly and in varying amounts; variability in financing costs; quarterly variations in operating results; dependence on key customers; international exposure; foreign exchange and political risks affecting international sales; ability to protect trademarks, copyrights and other intellectual property; changing market conditions; the impact of competitive products and pricing; the timely development and market acceptance of the company's products; the availability and cost of raw materials; and other risks detailed herein and from time-to-time in the company's Securities and Exchange Commission filings, including the company's 2008 Annual Report on Form 10-K and Item 1A of this Form 10-Q. The economic outlook is highly uncertain at this time, with challenging financial markets and economic conditions. As a global business, the company's operating results are impacted by the health of the North American, European, Asian and Latin American economies. The depth and duration of economic decline and the timing and strength of the recovery are very uncertain. (1) Consists of sales of products manufactured by Middleby and products manufactured by third parties. (2) Represents the elimination of sales f...Click here to read the whole Article (external link)
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