Forget Middleby, Buy These 4 Rising Industrial Stocks for 2025 |
Middleby faces weakness in the Residential Kitchen Equipment Group and Commercial Foodservice Equipment Group segments. We present four industrial stocks that should offer good returns. |
zacks.com |
2024-12-18 15:55:22 |
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Middleby Enhances Food Processing Group With Gorreri Acquisition |
MIDD's acquisition of Gorreri bolsters its food processing equipment group operations, with the latter adding several complementary products to its portfolio. |
zacks.com |
2024-11-27 11:11:12 |
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Middleby Acquires Gorreri Food Processing Technology |
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) has announced the acquisition of Gorreri Food Processing Technology based outside Parma, Italy. Gorreri is a leading manufacturer of equipment for the baked goods industry, including cakes, pies, muffins, tarts and other desert line solutions. The company operates in a state-of-the-art, 50,000-square-foot facility, which was recently expanded to accommodate growth. Gorreri has revenues of $20 million annually. “Gorreri is a h. |
businesswire.com |
2024-11-26 11:00:00 |
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The Middleby Corporation: Organic Growth In The CF Segment Continues To Be Poor |
Middleby's 3Q24 earnings were disappointing, primarily due to poor organic growth in its largest segment, Commercial Foodservice. The persistent weakness in the consumer spending environment, coupled with high mortgage rates and rising food costs, is negatively impacting the restaurant industry and, consequently, Middleby's business. Given the ongoing challenges in the Commercial Foodservice segment and the lack of near-term catalysts for a significant improvement, my hold rating on Middleby is maintained. |
seekingalpha.com |
2024-11-02 04:31:44 |
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Middleby's Q3 Earnings and Sales Miss Estimates, Decline Y/Y |
MIDD's third-quarter 2024 net sales decline 3.9% year over year on account of the lackluster performance of its segments. |
zacks.com |
2024-11-01 14:41:10 |
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Middleby Acquires JC Ford, Leader in Chip and Tortilla Production Systems |
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of JC Ford, a leading manufacturer of tortilla production equipment systems. Founded in 1945, the company is based in Columbia, Tenn., and has $70 million in annual revenues. JC Ford offers a broad range of automated, full-line solutions for corn and flour tortillas, tortilla chips, and other corn-based snacks. In 2021, the company moved into a state-of-the-art, 132,000-square-foot production f. |
businesswire.com |
2024-11-01 11:00:00 |
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The Middleby Corporation (MIDD) Q3 2024 Earnings Call Transcript |
The Middleby Corporation (NASDAQ:MIDD ) Q3 2024 Results Conference Call October 31, 2024 11:00 AM ET Company Participants Tim FitzGerald - CEO James Pool - Chief Technology Officer & Chief Operations Officer Bryan Mittelman - CFO Steven Spittle - Chief Commercial Officer Conference Call Participants Saree Boroditsky - Jefferies Mig Dobre - Baird Brian McNamara - Canaccord Genuity Jeff Hammond - KeyBanc Capital Markets Tami Zakaria - JPMorgan Walt Liptak - Seaport Global Operator Good day, and welcome to the Third Quarter 2024 Middleby Corporation Earnings Conference Call. All participants will be in listen-only mode [Operator Instructions] after today's presentation, there will be an opportunity to ask questions. |
seekingalpha.com |
2024-10-31 21:20:27 |
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Compared to Estimates, Middleby (MIDD) Q3 Earnings: A Look at Key Metrics |
Although the revenue and EPS for Middleby (MIDD) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. |
zacks.com |
2024-10-31 13:01:20 |
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Middleby (MIDD) Misses Q3 Earnings and Revenue Estimates |
Middleby (MIDD) came out with quarterly earnings of $2.33 per share, missing the Zacks Consensus Estimate of $2.47 per share. This compares to earnings of $2.35 per share a year ago. |
zacks.com |
2024-10-31 11:16:10 |
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The Middleby Corporation Reports Third Quarter Results |
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net earnings for the third quarter of 2024. "Unfavorable macro-economic conditions continued in the third quarter and grew even more challenging in our commercial foodservice segment. Lower restaurant traffic and higher food costs in recent months have put pressure on the restauran. |
businesswire.com |
2024-10-31 09:00:00 |
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Middleby (MIDD) Reports Next Week: Wall Street Expects Earnings Growth |
Middleby (MIDD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2024-10-24 15:05:31 |
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Middleby Schedules Third Quarter Earnings Release and Conference Call |
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) will release 2024 third quarter earnings on Thursday, October 31 before the market opens. The company has scheduled a conference call to discuss the results at 11 a.m. Eastern/10 a.m. Central Time on October 31. The conference call is accessible through the Investor Relations section of the company website at www.middleby.com. If website access is not available, attendees can join the conference by dialing 1-844-481-3012 for. |
businesswire.com |
2024-10-21 20:30:00 |
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Middleby Acquires Emery Thompson Frozen Dessert Equipment Company |
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Emery Thompson, a well-known, global brand in frozen dessert equipment. Located in Brooksville, Florida, the company has revenues of $10 million annually. “Emery Thompson is a highly respected, well-established brand that will greatly enhance our product offerings in the frozen dessert category. As gelato, frozen yogurt and custard, sorbet, hard ice cream, sherbet and Italian ice continue to. |
businesswire.com |
2024-10-11 13:00:00 |
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Middleby Stock Boasts Strong Prospects Despite Headwinds |
MIDD is set to benefit from its focus on launching new products. However, weakness in the Residential Kitchen Equipment Group and Commercial Foodservice Equipment Group segments remains a concern. |
zacks.com |
2024-10-10 15:00:36 |
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Middleby Gains From Product Innovations & Buyouts, Risks Persist |
MIDD gains from solid product offerings, acquired assets and a strong liquidity position. However, the soft residential kitchen equipment business is a woe. |
zacks.com |
2024-09-12 17:45:42 |
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Powerhouse Dynamics Returns to FSTEC 2024 for Third Consecutive Year, Showcasing Advanced Open Kitchen IoT Software with AI-Driven Energy Management |
Visit Booth IA-55 for a Demonstration of the Leading IoT Solution for Foodservice Operators BOSTON , Sept. 4, 2024 /PRNewswire/ -- Powerhouse Dynamics, the leader in Internet of Things (IoT)-based solutions for the foodservice industry, is pleased to announce its return as a key sponsor of the 2024 FSTEC Conference, taking place September 16-18 in Grapevine, Texas. |
prnewswire.com |
2024-09-04 15:30:00 |
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Middleby: Rating Upgrade To Neutral Given Recent Results And Macro Developments |
MIDD upgraded from sell to hold rating due to potential for strong organic growth acceleration in Commercial Foodservice segment. 2Q24 results show decline in revenue, but CF segment EBITDA margin held up well. Macro changes including lower inflation and interest rates may lead to an improved demand environment, but more data needed before confirming growth cycle. |
seekingalpha.com |
2024-08-16 02:41:11 |
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Middleby (MIDD) Q2 Earnings Beat Estimates, Sales Down Y/Y |
Middleby's (MIDD) second-quarter 2024 net sales decline 4.7% year over year on account of the lackluster performance of its segments. |
zacks.com |
2024-08-02 18:10:23 |
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Middleby (MIDD) Reports Q2 Earnings: What Key Metrics Have to Say |
Although the revenue and EPS for Middleby (MIDD) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. |
zacks.com |
2024-08-01 14:36:26 |
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Middleby (MIDD) Q2 Earnings and Revenues Surpass Estimates |
Middleby (MIDD) came out with quarterly earnings of $2.39 per share, beating the Zacks Consensus Estimate of $2.27 per share. This compares to earnings of $2.47 per share a year ago. |
zacks.com |
2024-08-01 13:15:34 |
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