earnings
confidence high
sentiment positive
materiality 0.80
Middleby reports record Q4 revenue $1.03B, EPS $2.45; organic sales up 14%
MIDDLEBY Corp
2022-FY EPS reported
$7.95
revenue$4,032,853,000
- Revenue $1,032M (+19.1% YoY); diluted EPS $2.45, adjusted EPS $2.57 (+21.8%).
- Organic net sales growth 14.0% (ex-acquisitions/FX); organic adj. EBITDA margin 23.8%.
- Completed acquisitions of Escher (bakery) and Marco (beverage) in Q4.
- Operating cash flow $159.1M vs $77.4M prior year; net debt $2.6B.
- Segment organic sales: Commercial +19.4%, Residential -8.7%, Food Processing +29.1%.