MIDD Q2 2024 Earnings — The Middleby Corporation Revenue & Financial Results | Market Cap Arena

MIDDThe Middleby Corporation

$8B

Q2 2024 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$992M-4.7% YoY

Gross Profit

$380M38.3% margin

Operating Income

$176M17.7% margin

Net Income

$115M11.6% margin

EPS (Diluted)

$2.13

QoQ Revenue Growth

+7.0%

Cash Flow

Operating Cash Flow

$150M

Free Cash Flow

$139M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$7.0B

Total Liabilities

$3.6B

Stockholders' Equity

$3.4B

Cash & Equivalents

$459M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$992M	$1.0B	-4.7%
Gross Profit	$380M	$393M	-3.5%
Operating Income	$176M	$185M	-4.9%
Net Income	$115M	$117M	-1.2%

Revenue Segments

Commercial Foodservice Equipment Group

$619M62%

Residential Kitchen

$193M19%

Food Processing Group

$179M18%

Geographic Segments

United States And Canada

$676M68%

Europe And Middle East

$210M21%

Asia

$67M7%

Latin America

$39M4%