MIDD Q2 2023 Earnings — The Middleby Corporation Revenue & Financial Results | Market Cap Arena

MIDDThe Middleby Corporation

$8B

Q2 2023 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$1.0B+2.6% YoY

Gross Profit

$393M37.8% margin

Operating Income

$185M17.8% margin

Net Income

$117M11.2% margin

EPS (Diluted)

$2.16

QoQ Revenue Growth

+3.2%

Cash Flow

Operating Cash Flow

$62M

Free Cash Flow

$39M

Stock-Based Comp.

$10M

Balance Sheet

Total Assets

$7.0B

Total Liabilities

$4.0B

Stockholders' Equity

$3.0B

Cash & Equivalents

$157M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.0B	$1.0B	+2.6%
Gross Profit	$393M	$361M	+9.0%
Operating Income	$185M	$167M	+10.5%
Net Income	$117M	$113M	+3.2%

Revenue Segments

Commercial Foodservice Equipment Group

$646M62%

Residential Kitchen

$206M20%

Food Processing Group

$189M18%