Middleby Q3 adjusted EBITDA $224M, EPS $2.35; organic sales down 4.4%

MIDDLEBY Corp

2023-Q3 EPS reported $5.99 revenue$3,028,029,000

Net sales fell 1.2% YoY; organic sales down 4.4% due to de-stocking in Commercial Foodservice and Residential Kitchen.
Record Q3 adjusted EBITDA of $224M (up from $212M); operating cash flow $219M.
Diluted EPS $2.01; adjusted EPS $2.35, up 8% YoY.
Net leverage reduced to 2.75x; completed acquisitions of Terry Water Solutions and Trade-Wind.
Residential Kitchen segment organic sales declined 21%; Food Processing up 1.2%.

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 0.95

MIDDLEBY Corp reported third quarter ended September 30, 2023 results: EPS $2.01 and adjusted net earnings per share of $2.35.

Period: third quarter ended September 30, 2023
EPS: $2.01 and adjusted net earnings per share of $2.35
Result: reported results

Exact text from the filing

Diluted Earnings per share of $2.01 and adjusted net earnings per share of $2.35 for the third quarter, an increase of 8% year over year

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MIDDLEBY Corp filing history →

Source: SEC EDGAR

accession 0001157523-23-001676

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