MIDD Q4 2023 Earnings — The Middleby Corporation Revenue & Financial Results | Market Cap Arena

MIDDThe Middleby Corporation

$8B

Q4 2023 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$1.0B-2.2% YoY

Gross Profit

$387M38.3% margin

Operating Income

$115M11.4% margin

Net Income

$76M7.6% margin

EPS (Diluted)

$1.42

QoQ Revenue Growth

+2.8%

Cash Flow

Operating Cash Flow

$256M

Free Cash Flow

$240M

Stock-Based Comp.

$16M

Balance Sheet

Total Assets

$6.9B

Total Liabilities

$3.7B

Stockholders' Equity

$3.2B

Cash & Equivalents

$247M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.0B	$1.0B	-2.2%
Gross Profit	$387M	$390M	-0.8%
Operating Income	$115M	$188M	-39.1%
Net Income	$76M	$133M	-42.7%

Revenue Segments

Commercial Foodservice Equipment Group

$628M62%

Food Processing Group

$192M19%

Residential Kitchen

$189M19%