Middleby Q2 net sales $1.01B (+25% YoY), adjusted EPS $2.23

MIDDLEBY Corp

2022-Q2 EPS reported $3.59 revenue$2,008,277,000

Net sales $1,013.6M (+25.3% YoY); organic sales +13.3% YoY; record quarterly sales.
GAAP EPS $2.07; adjusted EPS $2.23; adjusted EBITDA $210.2M (20.7% margin).
Commercial Foodservice organic sales +17.7%; Residential Kitchen organic +11.4%; Food Processing organic -1.4%.
FX losses $5.7M in Q2, $0.08 drag on adjusted EPS; $69M share repurchases in Q2.
Completed acquisitions of Proxaut, CP Packaging, Colussi Ermes, and Icetro.

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