MIDD Q3 2024 Earnings — The Middleby Corporation Revenue & Financial Results | Market Cap Arena

MIDDThe Middleby Corporation

$8B

Q3 2024 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$943M-3.9% YoY

Gross Profit

$355M37.7% margin

Operating Income

$173M18.4% margin

Net Income

$114M12.1% margin

EPS (Diluted)

$2.11

QoQ Revenue Growth

-4.9%

Cash Flow

Operating Cash Flow

$157M

Free Cash Flow

$145M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$7.2B

Total Liabilities

$3.6B

Stockholders' Equity

$3.6B

Cash & Equivalents

$606M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$943M	$981M	-3.9%
Gross Profit	$355M	$375M	-5.3%
Operating Income	$173M	$174M	-0.6%
Net Income	$114M	$109M	+5.1%

Revenue Segments

Commercial Foodservice Equipment Group

$600M64%

Residential Kitchen

$173M18%

Food Processing Group

$170M18%

Geographic Segments

United States And Canada

$636M67%

Europe And Middle East

$198M21%

Asia

$67M7%

Latin America

$42M4%