Middleby reports record Q4 adjusted EBITDA $235M, up 1% YoY; adjusted EPS $2.65

MIDDLEBY Corp

2023-FY EPS reported $7.41 revenue$4,036,605,000

Record Q4 adjusted EBITDA $235M (+1% YoY); organic adjusted EBITDA margin 23.6% vs 22.6% prior year.
Diluted EPS $1.42; adjusted EPS $2.65 (+3% YoY). Net sales down 2.2% (organic -4.7%).
Record operating cash flow $256M Q4, $629M FY; net leverage <2.5x; net debt $2.2B vs $2.6B FY22.
Operating income includes $78.1M impairment charges on tradenames in Residential Kitchen segment.
Completed acquisition of GBT GmbH Bakery Technology, expanding Food Processing Group's industrial bakery portfolio.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

MIDDLEBY Corp reported the fourth quarter ended December 30, 2023 results: EPS $1.42.

Period: the fourth quarter ended December 30, 2023
EPS: $1.42
Result: reported results

Exact text from the filing

On February 20, 2024, The Middleby Corporation (the “Company”) issued a press release announcing its financial results for the fourth quarter ended December 30, 2023.

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Source: SEC EDGAR

accession 0001193125-24-039322

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