Middleby Q4 adj. EPS $2.88, record adj. EBITDA $251M, organic sales down 1.3%

MIDDLEBY Corp

2024-FY EPS reported $7.90 revenue$3,875,162,000

Net sales $1,014M (+0.5% reported, -1.3% organic); diluted EPS $2.07, adjusted EPS $2.88.
Record adjusted EBITDA $251M (24.8% margin); operating income $170M (16.8% of sales).
Record operating cash flow $687M for FY2024; net leverage reduced to 2.0x.
Repurchased $16.4M shares in Q4, ~$20M in Q1 2025; acquisitions completed (JC Ford, Gorreri).
Impairment charges $38.6M vs $78.1M prior year; residential organic sales -2.4%, food processing +4.7%.

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