MIDD Q3 2023 Earnings — The Middleby Corporation Revenue & Financial Results | Market Cap Arena

MIDDThe Middleby Corporation

$8B

Q3 2023 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$981M-1.2% YoY

Gross Profit

$375M38.3% margin

Operating Income

$174M17.8% margin

Net Income

$109M11.1% margin

EPS (Diluted)

$2.01

QoQ Revenue Growth

-5.7%

Cash Flow

Operating Cash Flow

$219M

Free Cash Flow

$198M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$6.9B

Total Liabilities

$3.8B

Stockholders' Equity

$3.1B

Cash & Equivalents

$167M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$981M	$993M	-1.2%
Gross Profit	$375M	$365M	+2.8%
Operating Income	$174M	$162M	+7.9%
Net Income	$109M	$104M	+4.1%

Revenue Segments

Commercial Foodservice Equipment Group

$634M65%

Residential Kitchen

$180M18%

Food Processing Group

$167M17%

Geographic Segments

United States And Canada

$686M70%

Europe And Middle East

$183M19%

Asia

$70M7%

Latin America

$42M4%