The Middleby Corporation: Reports Q3-2021 Results

Elgin / IL. (tmc) The Middleby Corporation, a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, reported net earnings for the 2021 third quarter of USD 176.0 million or USD 3.09 diluted earnings per share on net sales of USD 817.5 million. Adjusted net earnings were USD 106.4 million or USD 1.92 adjusted diluted earnings per share.

«We continue to build upon the positive momentum across our business segments – investing in technology innovations to address the dynamic market trends, furthering our strategic sales initiatives, and expanding our brand portfolio with the recent acquisitions of Novy and Imperial Range. The demand for our solutions remains strong with record incoming orders and backlog. We are proactively managing through the current impact of supply chain disruptions and significant inflationary pressures, while we make progress toward our long-term profitability goals,» CEO Tim FitzGerald says in his statement.

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