Recap: Middleby Q2 Earnings
Shares of The Middleby (NASDAQ:MIDD) remained unaffected after the company reported Q2 results.
Quarterly Results
Earnings per share were down 67.65% year over year to $0.55, which beat the estimate of $0.41.
Revenue of $471,977,000 declined by 37.98% year over year, which beat the estimate of $445,870,000.
Looking Ahead
The Middleby hasn't issued any earnings guidance for the time being.
The Middleby hasn't issued any revenue guidance for the time being.
Conference Call Details
Date: Aug 05, 2020
Time: 11:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/umti8z35
Price Action
52-week high: $131.53
52-week low: $41.73
Price action over last quarter: Up 33.22%
Company Profile
The Middleby Corporation manufactures and services a wide range of foodservice equipment, food preparation and packaging, and premium kitchen equipment. It offers various ovens, refrigerators, microwaves, processing solutions, freezers, and other applications to help prepare meals. The company has three principal business segments: Commercial foodservice equipment (majority of total revenue); Food processing equipment, and Residential kitchen equipment. It markets products and supplies under numerous brands, and typically provides after-sales support. The majority of revenue derives from the United States and Canada, but the company does sell to various regions around the world.
