The Middleby Company profile
About Middleby Corp
The Middleby Corporation, through its operating subsidiary Middleby Marshall Inc., and its subsidiaries, is engaged in design, manufacture, marketing, distribution, and service of foodservice equipment; food preparation, cooking, baking, chilling, and packaging equipment; and kitchen equipment. The Company operates through three segments: Commercial Foodservice Equipment Group, Food Processing Equipment Group and Residential Kitchen Equipment Group. The Commercial Foodservice Equipment Group segment manufactures, sells, and distributes foodservice equipment for the restaurant and institutional kitchen industry. The Food Processing Equipment Group segment manufactures preparation, cooking, packaging food handling and food safety equipment for the food processing industry. The Residential Kitchen Equipment Group segment manufactures, sells and distributes kitchen equipment for the residential market.
Financial summary
BRIEF: For the fiscal year ended 01 January 2022, Middleby Corp revenues increased 29% to $3.25B. Net income increased from $207.3M to $488.5M. Revenues reflect Cooking Systems Group/Commercial Foodservice segment increase of 35% to $2.03B, Residential Kitchen segment increase of 30% to $737.3M, Industrial Foodservice/Food Processing segment increase of 10% to $480.7M.
Equity composition
Common Stock $.01 Par, 03/11, 47.5M auth., 22,691,821 issd., less 4,233,810 shs. in Treas. @ $111.M. Insiders own 3.94%. PO 11/97, 2,610,000 shares (2M by Co.) @ $10 by Schroder & Co. 6/88, 25% dividend;3/87, 2-for-1 stock split. 06/07, 2-for-1 Stock split. 06/14, 3-for-1 Stock split.
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