Over a year ago, in early April 2024, I made the claim that continued growth, as well as the low share price that it boasted, made The Middleby Corporation (NASDAQ: MIDD ) an attractive opportunity for investors. Since then, some thingsCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth ca ...

财务表现 - 2025年第一季度调整后每股收益为2.08美元，超出市场预期的1.94美元，同比增长10.1% [1] - 净营收为9.066亿美元，低于市场预期的9.41亿美元，同比下降2.2%，有机销售额下降3.8% [2] - 毛利率为38.2%，同比上升80个基点，营业利润率上升70个基点至15.5% [5] - 调整后EBITDA为1.821亿美元，同比下降2%，但EBITDA利润率上升10个基点至20.1% [6] 分部门业绩 - 商用食品服务设备部门销售额为5.627亿美元，占总销售额的62.1%，同比下降3.2%，有机销售额下降2.8% [2] - 住宅厨房设备部门销售额为1.76亿美元，占总销售额的19.4%，同比增长1.2%，有机销售额增长2% [3] - 食品加工设备部门销售额为1.679亿美元，占总销售额的18.5%，同比下降2.2%，有机销售额大幅下降12.9% [4] 现金流与资产负债表 - 期末现金及等价物为7.451亿美元，较2024年底的6.895亿美元有所增加 [7] - 长期债务为23.4亿美元，与2024年底基本持平 [7] - 2025年第一季度经营活动产生净现金流1.411亿美元，与去年同期持平 [7] - 资本支出为3370万美元，同比增加，自由现金流为1.074亿美元，低于去年同期的1.272亿美元 [8] 战略举措 - 计划在2026年初将食品加工业务分拆为独立上市公司Middleby Food Processing，以优化战略聚焦和资本配置 [9][10] - 分拆后将形成两家独立公司：专注于商用食品服务和住宅厨房的Middleby RemainCo，以及面向工业食品市场的Middleby Food Processing [10]

The Middleby (MIDD) Q1 2025 Earnings Call May 07, 2025 11:00 AM ET Company Participants Timothy FitzGerald - CEOBryan Mittelman - Chief Financial OfficerJeffrey Hammond - Managing DirectorSteve Spittle - Chief Commercial OfficerNone - Executive Conference Call Participants Walter Liptak - Industry AnalystMircea Dobre - Associate Director of Research & Senior Research AnalystTim Thein - Managing Director & Research AnalystTami Zakaria - AnalystBrian McNamara - MD & Senior Analyst - Consumer Operator Good day ...

The Middleby (MIDD) Q1 2025 Earnings Call May 07, 2025 11:00 AM ET Speaker0 Good day, and welcome to the Middleby Corporation First Quarter twenty twenty five Earnings Conference Call. All participants will be in listen only mode. After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded. I would now like to turn the conference over to Mr. Timothy Fitzgerald, CEO. Please go ahead. Speaker1 Thank you for joining today's call. I'd like to begin by high ...

Here is how Middleby performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: View all Key Company Metrics for Middleby here>>> Shares of Middleby have returned +8.2% over the past month versus the Zacks S&P 500 composite's +10.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Middleby (MIDD) reported $906.63 million in revenue for the quarter ended M ...

Middleby (MIDD) came out with quarterly earnings of $2.08 per share, beating the Zacks Consensus Estimate of $1.94 per share. This compares to earnings of $1.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.22%. A quarter ago, it was expected that this food preparation equipment company would post earnings of $2.50 per share when it actually produced earnings of $2.88, delivering a surprise of 15.20%.Over the last four qua ...

Q1 Earnings Update May 7, 2025 1 MIDDLEBY SHARE REPURCHASE STRATEGIC PRIORITIZATION OF CAPITAL TO MIDDLEBY SHARE REPURCHASES www.middleby.com 2 Vast majority of free cash flow will be deployed to Middleby share repurchases Strategic step underscores strong confidence in our business; share price does not reflect long-term inherent value Repurchases to complement ongoing priority of realizing Organic Growth from Innovation & Go-to-Market Investments Acquisitions on a highly opportunistic and strategic basis ...

1400 Toastmaster Drive, Elgin, Illinois 60120 (847) 741-3300 www.middleby.com The Middleby Corporation Reports First Quarter Results and Board of Directors Increases Share Buyback Authorization to 21% of Equity Elgin, Ill, May 7, 2025 - 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 first quarter of 2025. Middleby further announced an acceleration t ...

The Middleby Corporation (MIDD) shares soared 14.7% in the last trading session to close at $143.55. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 19.4% loss over the past four weeks.Middleby’s rally is largely driven by optimism regarding its strong momentum in the Food Processing Equipment Group segment, arising from a robust backlog level and strong incoming order growth. The company’s focus on launching new products and upg ...

文章核心观点 公司受益于食品加工设备集团业务的良好发展势头和增值收购，且通过股息回报股东的举措有前景，但也面临住宅厨房设备和商业餐饮设备业务疲软、外汇风险等问题 [1] 公司业务情况 - 公司为商业、工业加工和住宅市场提供烹饪、加热、食品制备和包装设备，生产多种烤箱和感应烹饪设备 [2] 利好因素 业务优势 - 食品加工设备集团业务势头良好，积压订单水平高、新订单增长强劲，欧洲市场对烘焙和蛋白质产品需求增加，2024年第四季度该业务板块销售额同比增长14.4% [3] 新产品推出 - 公司专注于推出新产品和升级现有产品，过去一年推出多款产品，在饮料和冰等新的大型产品类别中获得市场份额，未来有望受益于无通风烹饪产品的强劲需求 [4] 扩张举措 - 公司通过收购扩大市场影响力、巩固客户基础和丰富产品种类，2024年第四季度收购资产使销售额同比增长2.1% [5] - 2024年11月收购Gorreri Food Processing Technology和JC Ford，分别加强在食品加工终端市场和零食食品领域的地位 [5] - 2024年9月收购Emery Thompson，增强在冷冻甜点类别产品供应 [6] - 2024年2月收购德国GBT GmbH Bakery Technology，补充现有烘焙品牌并加强在欧洲大规模烘焙市场的地位 [6] - 2023年8月收购Trade - Wind Manufacturing LLC，补充室内外住宅烹饪品牌 [6] 股价表现 - 过去六个月公司股价上涨2.6%，而行业下跌18% [7] 不利因素 业务疲软 - 住宅厨房设备集团和商业餐饮设备集团业务近期表现不佳，住宅厨房设备业务受住房市场疲软影响，商业餐饮设备业务受餐厅行业客流量下降影响 [9] 外汇问题 - 国际业务使公司面临地缘政治、外汇不利变动等风险，美元走强可能使公司面临提价或压缩利润的困境 [10] 其他推荐股票 - DNOW Inc.目前Zacks排名为1（强力买入），过去四个季度平均盈利惊喜为30.4%，过去60天2025年盈利共识预期提高10.3% [11] - Dover Corporation目前Zacks排名为2（买入），过去四个季度平均盈利惊喜为5.3%，过去60天2025年盈利共识预期提高0.3% [12] - Applied Industrial Technologies, Inc.目前Zacks排名为2，过去四个季度平均盈利惊喜为5.3%，过去60天2025财年（截至2025年6月）盈利共识预期提高0.3% [12]