Middleby reports record Q2 revenue $1.04B, adj EPS $2.47 (+11% YoY)

MIDDLEBY Corp

2023-Q2 EPS reported $3.98 revenue$2,047,378,000

Revenue $1,040M (+3% YoY); diluted EPS $2.16, adjusted EPS $2.47 (+11% YoY).
Adjusted EBITDA $228.7M (+9% YoY); organic adj EBITDA margin 22.0% vs 20.7% prior year.
Commercial Foodservice organic sales +2.9%, Food Processing +26.7%; Residential Kitchen -26.8% due to housing headwinds.
Completed acquisitions of Blue Sparq (digital/controls), Filtration Automation (oil filtration), and Trade-Wind (residential ventilation).
Operating cash flow first-half $154M vs $89.5M; net debt $2.6B, leverage 2.9x.

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 second quarter ended July 1, 2023 results: revenue $1,040 million, EPS Diluted Earnings per share of $2.16.

Period: second quarter ended July 1, 2023
Revenue: $1,040 million
EPS: Diluted Earnings per share of $2.16
Result: reported results

Exact text from the filing

Revenue of $1,040 million, a 3% increase year over year Diluted Earnings per share of $2.16 and adjusted net earnings per share of $2.47, an increase of 11% year over year Adjusted EBITDA of $229 million, a 9% increase year over year

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Source: SEC EDGAR

accession 0001157523-23-001241

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