Middleby Corp (MIDD) Tops Q1 EPS by 17c, Revenues Beat
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The Middleby Corporation Reports First Quarter Results
May 6, 2021 7:00 AM EDTELGIN, Ill.--(BUSINESS WIRE)-- The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net earnings for the 2021 first quarter of $89.3 million or $1.59 diluted earnings per share on net sales of $758.1 million. Adjusted net earnings were $98.7 million or $1.79 adjusted diluted earnings per share. A full reconciliation between GAAP and non-GAAP measures is provided at the end the press release.
We have positive momentum entering 2021 with strong orders and rising backlogs in all three business segments. Profitability across all... More
