earnings
confidence high
sentiment positive
materiality 0.80
Middleby Q4 net sales $866.4M, adjusted EPS $2.11, record backlog $1.4B
MIDDLEBY Corp
2021-FY EPS reported
$8.62
revenue$3,250,792,000
- Q4 net sales $866.4M (+18.8% YoY); organic sales growth 12.6% excluding acquisitions and FX.
- Diluted EPS $1.80 GAAP; adjusted diluted EPS $2.11.
- Record backlog $1.4B at year-end vs $522.7M at end of FY2020, driven by strong order demand.
- Adjusted EBITDA $193.0M (22.3% margin); total leverage ratio 2.8x; cash $180.4M.
- Added Kamado Joe, Masterbuilt, Char-Griller in 2021, strengthening residential outdoor kitchen presence.