The Middleby Corporation (MIDD) news stock charts
The Middleby Corporation (MIDD) Investment Summary:
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
1,902 Employees
Founded in 1888
MIDDLEBY CORP (MIDD:NASDAQ)
LAST $57.55 USD
CHANGE TODAY -0.15 -0.26%
VOLUME 37.6K
As of 10:53 AM 03/22/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of MIDDLEBY CORP (MIDD)
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OPEN
$57.24
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PREVIOUS CLOSE
$57.70
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DAY HIGH
$57.66
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DAY LOW
$56.97
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52 WEEK HIGH
03/19/10 - $58.14
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52 WEEK LOW
03/23/09 - $29.00
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MARKET CAP
1.1B
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AVERAGE VOLUME 10 D
160.9K
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EPS TTM
$3.28
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SHARES OUTSTANDING
18.6M
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EX-DATE
06/2/04
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P/E TTM
17.6x
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DIVIDEND
--
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DIVIDEND YIELD
0.00%
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| K = Thousands M = Millions B = Billions | ||
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Key developments for MIDDLEBY CORP (MIDD)
Middleby Corp. expected to Report Q1 2010 Results on May 10, 2010. This event was calculated by Capital IQ (Created on March 4, 2010).
03/4/2010
Middleby Corp. expected to Report Q1 2010 Results on May 10, 2010. This event was calculated by Capital IQ (Created on March 4, 2010).
Middleby Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended January 02, 2010
03/3/2010
Middleby Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended January 02, 2010. Net earnings for the fourth quarter were $17,874,000 or $0.95 per share on net sales of $152,493,000 as compared to the prior year fourth quarter net earnings of $17,313,000 or $1.04 per share on net sales of $151,020,000. For the quarter, the company reported income from operations of $28,331,000 and earnings before tax of $26,023,000 compared with from operations of $30,158,000 and earnings before tax of $26,469,000 for the same period a year ago. Operating cash flows amounted to $23.6 million during the fourth quarter, reflecting an increase of $15.4 million over the prior year. Net earnings for the twelve months ended January 2, 2010 were $61,156,000 or $3.29 per share on net sales of $646,629,000 as compared to net earnings of $63,901,000 or $3.75 per share on net sales of $651,888,000 in the prior year first twelve months. For the full year, the company reported income from operations of $111,441,000 and earnings before tax of $119,618,000 compared with from operations of $99,726,000 and earnings before tax of $104,222,000 for the same period a year ago. Operating cash flows amounted to $100.8 million for the year, reflecting an increase of $15.4 million over the prior year.
Middleby Corp., Q4 2009 Earnings Call, Mar-04-2010
03/3/2010
Middleby Corp., Q4 2009 Earnings Call, Mar-04-2010
The Middleby Corporation financial resources
MIDD Competitors
| Company | Last | Change |
| FMC Technologies Inc | $60.57 USD | +0.39 |
| Manitowoc Co Inc/The | $12.70 USD | -0.07 |
| Marel HF | 77.20 | -0.60 |
| Rational AG | €128.80 EUR | -0.50 |
| Standex International Corp | $27.64 USD | +0.392 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | MIDD | Industry Range |
| Price/Earnings | -- | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | -- | Not Meaningful |
| Price/Cash Flow | -- | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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MIDD |
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MIDD transactions
| Type Date |
Target |
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Merger/Acquisition
December 14, 2009 |
Doyon Equipment Inc. |
More Recent Financial News About The Middleby Corporation
Middleby share price rises on 4Q earnings report
2010-03-19 07:51:37
Quote: (AP) -- Shares of Middleby Corp., which makes cooking equipment for restaurants, rose Thursday after the company reported fourth-quarter earnings that exceeded analysts' expectations.Middleby, based in Elgin, Ill., said it saw "initial signs of recovery" in its food processing segment and anticipates stabilization in the foodservice industry. It also said it eliminated $20 million of debt during the quarter.The company reported late Wednesday net income of $17.9 million, or 95 cents a share, up ...Read article
Middleby share price rises on 4Q earnings report
2010-03-05 07:23:31
Quote: (AP) -- Shares of Middleby Corp., which makes cooking equipment for restaurants, rose Thursday after the company reported fourth-quarter earnings that exceeded analysts' expectations.Middleby, based in Elgin, Ill., said it saw "initial signs of recovery" in its food processing segment and anticipates stabilization in the foodservice industry. It also said it eliminated $20 million of debt during the quarter.The company reported late Wednesday net income of $17.9 million, or 95 cents a share, up ...Read article
MIDDLEBY CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits
2010-03-05 07:23:30
Quote: Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On March 1, 2010, The Middleby Corporation (the "Company") and its wholly-owned
subsidiary Middleby Marshall Inc. ("MMI" and together with the Company, the
"Employer") entered into an Amended and Restated Employment Agreement (the
"Employment Agreement") with Timothy J. FitzGerald ("Mr. FitzGera...Read article
MIDDLEBY CORP Files SEC form 10-K, Annual Report
2010-03-04 01:58:35
Quote: The following
are some of the important factors that could cause the company's actual results,
performance or outcomes to differ materially from those discussed in the
forward-looking statements:
· changing market conditions;
· 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;
· risks associated with the company's ...Read article
The Middleby Corporation Announces Divisional Management Promotions
2010-02-22 06:35:51
Quote: MIDDNews) announced today that NestorIbrahim has been promoted to the President of the Star ManufacturingGroup, overseeing the six Middleby counterline equipment brands in thisdivision. John Perruccio has been promoted to President of Southbend,taking the previous role from Mr. Ibrahim.Nestor Ibrahim will succeed Frank Ricchio who is retiring after 28 yearsof service with Star Manufacturing. As President of Star, based in St.Louis, Mr. Ibrahim will be responsible for the sales, marketing andmanu...Read article
Karl Doyon Named President of Doyon/Nu-Vu Foodservice Baking Division
2010-02-22 06:35:51
Quote: Doyon will be responsible for realizing synergiesbetween the Doyon and Nu-Vu business divisions and building uponMiddleby’s leadership position in the baking segment."We are very pleased to have Karl leading our combined baking equipmentgroup. We believe there are significant opportunities to expand ourbusiness in the baking segment by leveraging the combined strength ofthe Doyon and Nu-Vu brands and portfolio of technologies," said Chairmanand CEO Selim A. Bassoul. "Karl’s extensi...Read article
The Middleby Corporation Announces Partnership with SpinFry, Inc.
2010-02-22 06:35:51
Quote: Press ReleaseSource: The Middleby CorporationOn Wednesday January 13, 2010, 6:00 pm ESTELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ:- ) today announced it has enteredinto a technology partnership with SpinFry, Inc., a leading innovator ofcentrifugal cooking technology, under its Selim A. Bassoul, Middleby Chairman and Chief Executive Officer said,"We are excited to announce this agreement with SpinFry. Thispartnership allows Middleby to incorporate theFreshinnovativ...Read article
Unsexy Makes Money: Under the Radar
2010-01-27 01:54:17
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, David MacDougall ,Food and Beverage
Quote: Searching for solid investments shouldn't limit investors to tech, biotech or other fast-growth companies -- great investments can come from any industry.Take, for example, Elgin, Ill.-based MiddlebyMIDD Quote), which produces commercial food-service equipment. Many would incorrectly assume that since the industry is a bit sleepy, the stock probably drifts lazily with no real gains to speak of. However, Middleby has more than doubled in the past year, outpacing every major index in the process.T...Read article
The Middleby Corporation Announces Divisional Management Promotions
2010-01-20 02:56:06
Quote: MIDDNews) announced today that NestorIbrahim has been promoted to the President of the Star ManufacturingGroup, overseeing the six Middleby counterline equipment brands in thisdivision. John Perruccio has been promoted to President of Southbend,taking the previous role from Mr. Ibrahim.Nestor Ibrahim will succeed Frank Ricchio who is retiring after 28 yearsof service with Star Manufacturing. As President of Star, based in St.Louis, Mr. Ibrahim will be responsible for the sales, marketing andmanu...Read article
Karl Doyon Named President of Doyon/Nu-Vu Foodservice Baking Division
2010-01-19 01:15:31
Quote: Doyon will be responsible for realizing synergiesbetween the Doyon and Nu-Vu business divisions and building uponMiddleby’s leadership position in the baking segment."We are very pleased to have Karl leading our combined baking equipmentgroup. We believe there are significant opportunities to expand ourbusiness in the baking segment by leveraging the combined strength ofthe Doyon and Nu-Vu brands and portfolio of technologies," said Chairmanand CEO Selim A. Bassoul. "Karl’s extensi...Read article
The Middleby Corporation Announces Partnership with SpinFry, Inc.
2010-01-14 04:04:08
Quote: Press ReleaseSource: The Middleby CorporationOn Wednesday January 13, 2010, 6:00 pm ESTELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ:- ) today announced it has enteredinto a technology partnership with SpinFry, Inc., a leading innovator ofcentrifugal cooking technology, under its Selim A. Bassoul, Middleby Chairman and Chief Executive Officer said,"We are excited to announce this agreement with SpinFry. Thispartnership allows Middleby to incorporate theFreshinnovativ...Read article
MIDDLEBY CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits
2010-01-06 03:42:13
Quote: Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On December 29, 2009, the Board of Directors of The Middleby Corporation (the
"Company") approved the cancellation of the unvested portion of certain
previously awarded restricted stock grants to the Company's named executive
officers that were first scheduled to vest at specified prices of the Company's
common stock on January 1...Read article
The Middleby Corporation Completes Acquisition of Doyon Equipment Inc.
2009-12-21 18:15:34
Quote: Thetransaction will be financed under Middleby’s senior revolving creditfacility. The acquisition of Doyon allows Middleby to continue to expandits portfolio of leading brands in the cooking and warming segments andincrease its market penetration worldwide.Selim A. Bassoul, Middleby Chairman and Chief Executive Officer, said,“We are very pleased to announce the Doyon acquisition. Doyon is a wellrecognized brand, with a strong presence in Canada and growing presencein ...Read article
The Middleby Corporation Schedules Third Quarter Earnings Release and Conference Call
2009-11-28 00:08:57
Quote: MIDDNewswww.middleby.com.About The Middleby CorporationThe Middleby Corporation is a global leader in the foodservice equipmentindustry. The company develops, manufactures, markets and services abroad line of equipment used for commercial food cooking, preparationand processing. The company's leading equipment brands serving thecommercial foodservice industry include Anets®, Blodgett®, BlodgettCombi®, Blodgett Range®, Bloomfield®, Carter Hoffmann®, CookTek®, CTX®,FriFriÂ...Read article
Middleby posts lower 3rd-quarter profit
2009-11-28 00:08:53
Quote: (AP) -- Middleby Corp., a maker of foodservice equipment with brands TurboChef and Toastmaster, on Tuesday said its third-quarter profit declined 4.8 percent as sales continued to be hurt by the economy.The company earned $15.5 million, or 83 cents per share for the period ended Oct. 3, down from $16.3 million, or 96 cents per share, in the prior-year period.Sales slipped 7.5 percent to $154 million from $166.5 million a year earlier. Revenue for Middleby's Commercial Foodservice Group and Food ...Read article
MIDDLEBY CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
2009-11-28 00:08:53
Quote: Item 2.02Results of Operations and Financial Condition.
On November 9, 2009, The Middleby Corporation (the "Company") issued a press
release announcing its financial results for the quarter ended October 3, 2009.
A copy of that press release is furnished as Exhibit 99.1 and incorporated
herein by reference.
The information furnished pursuant to Item 2.02 of this Current Report on Form
8-K (including the exhibit hereto) shall not be considered "filed" under the
Securities Exc...Read article
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