Middleby posts record Q1 revenue $1.007B; adjusted EPS $2.19, +3%; EBITDA margin 21.1%

MIDDLEBY Corp

2023-Q1 EPS reported $1.82 revenue$1,007,396,000

Revenue $1,007M (+1% YoY); diluted EPS $1.82, adjusted EPS $2.19 (+3%).
Adjusted EBITDA $210M (+6%); organic adjusted EBITDA margin 21.1% vs 19.8% prior year.
Commercial Foodservice organic sales +11.5%; Residential Kitchen -32.1%; Food Processing +24.3%.
Completed acquisition of Flavor Burst; repurchased 348,980 shares for $48.3M in Q1.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MIDDLEBY Corp reported financial results for first quarter ended April 1, 2023.

Period: first quarter ended April 1, 2023
Result: reported results

Exact text from the filing

On May 10, 2023, The Middleby Corporation (the “Company”) issued a press release announcing its financial results for the first quarter ended April 1, 2023. A copy of that press release is furnished as Exhibit 99.1 and incorporated herein by reference.

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Source: SEC EDGAR

accession 0001157523-23-000796

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