MIDD Q1 2023 Earnings — The Middleby Corporation Revenue & Financial Results | Market Cap Arena

MIDDThe Middleby Corporation

$8B

Q1 2023 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$1.0B+1.3% YoY

Gross Profit

$379M37.6% margin

Operating Income

$161M16.0% margin

Net Income

$99M9.8% margin

EPS (Diluted)

$1.82

QoQ Revenue Growth

-2.4%

Cash Flow

Operating Cash Flow

$92M

Free Cash Flow

$65M

Stock-Based Comp.

$12M

Balance Sheet

Total Assets

$7.0B

Total Liabilities

$4.1B

Stockholders' Equity

$2.9B

Cash & Equivalents

$157M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.0B	$995M	+1.3%
Gross Profit	$379M	$331M	+14.6%
Operating Income	$161M	$123M	+31.4%
Net Income	$99M	$86M	+15.5%

Revenue Segments

Commercial Foodservice Equipment Group

$614M61%

Residential Kitchen

$220M22%

Food Processing Group

$174M17%