MIDD Q1 2022 Earnings — The Middleby Corporation Revenue & Financial Results | Market Cap Arena

MIDDThe Middleby Corporation

$8B

Q1 2022 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$995M+31.2% YoY

Gross Profit

$331M33.2% margin

Operating Income

$123M12.3% margin

Net Income

$86M8.6% margin

EPS (Diluted)

$1.52

QoQ Revenue Growth

+14.8%

Cash Flow

Operating Cash Flow

-$15M

Free Cash Flow

-$30M

Stock-Based Comp.

$14M

Balance Sheet

Total Assets

$6.5B

Total Liabilities

$4.0B

Stockholders' Equity

$2.4B

Cash & Equivalents

$147M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$995M	$758M	+31.2%
Gross Profit	$331M	$276M	+19.8%
Operating Income	$123M	$121M	+1.1%
Net Income	$86M	$89M	-3.9%

Revenue Segments

Commercial Foodservice Equipment Group

$544M55%

Residential Kitchen

$331M33%

Food Processing Group

$120M12%