Group 1 - The Middleby Corporation (NASDAQ: MIDD) was identified as an attractive investment opportunity due to its continued growth and low share price [1] - The company has been highlighted for its potential value and growth prospects in the market [1] Group 2 - Crude Value Insights provides an investing service focused on oil and natural gas, emphasizing cash flow and companies that generate it [1] - Subscribers have access to a stock model account, in-depth cash flow analyses of exploration and production firms, and live discussions about the sector [2]

The Middleby Corporation (MIDD) reported first-quarter 2025 adjusted earnings of $2.08 per share, which beat the Zacks Consensus Estimate of $1.94. The bottom line increased 10.1% year over year due to lower costs.Net revenues of $906.6 million missed the consensus estimate of $941 million. The top line decreased 2.2% year over year. Organic sales decreased 3.8%. Acquired assets increased sales by 2.4%, while movements in foreign currencies had a negative impact of 0.8%. (Find the latest EPS estimates and s ...

Financial Data and Key Metrics Changes - The company authorized an additional $7.5 billion in shares for its accelerated buyback program, representing 21% of outstanding equity [3][4] - Operating cash flows reached over $141 million, the highest for the first quarter, with free cash flows totaling $107 million for the quarter and $620 million for the trailing twelve months [12] - The company has successfully reduced its leverage from three times to two times over the past two years, maintaining a strong balance sheet [12] Business Line Data and Key Metrics Changes - The residential segment saw growth primarily due to outdoor products, with margins holding well [16] - The commercial foodservice business experienced success from investments in the ice and beverage platform, although muted buying levels from major chain customers offset some gains [14] - Food processing revenues dropped due to customer-driven delivery delays, but the company anticipates higher sequential revenue in Q2 [15][19] Market Data and Key Metrics Changes - The company is facing tariff-related costs estimated to increase annual expenses by approximately $150 million to $200 million, with a significant portion attributed to foreign-sourced componentry from China [6][18] - The company expects to offset tariff impacts by the end of the year through operational actions and pricing adjustments [7][18] Company Strategy and Development Direction - The company plans to separate its food processing business into a standalone public company by early 2026, aiming to unlock shareholder value and enhance strategic focus [4][5] - The company is focusing on market expansion opportunities in adjacent markets such as poultry, pet foods, and snacks [5][22] - Strategic investments have been made to drive sustainable long-term growth, particularly in automation, digital technologies, and IoT connectivity [8][10] Management's Comments on Operating Environment and Future Outlook - Management acknowledges challenging market conditions affecting major chain customers but remains optimistic about sequential revenue increases throughout the year [17][20] - The company is confident in its ability to navigate tariff challenges and believes it is well-positioned to capitalize on market opportunities [7][45] - The long-term outlook for the food processing segment remains bullish, with a robust pipeline of opportunities [21][24] Other Important Information - The company plans to hold a dedicated Shareholder Day in Q4 to present further details on the strategic roadmap for the food processing business [6] - The company has received multiple industry awards for its innovative products, highlighting its commitment to innovation [10][99] Q&A Session Summary Question: 2025 sales guidance and segment outlook - Management indicated that the full-year outlook is primarily driven by the commercial segment, with expectations for improvement over the year despite current challenges [30][32] Question: Buyback decision rationale - The buyback decision was influenced by the company's strong cash flow, balance sheet position, and belief that the current share price does not reflect the business's strength [39][41] Question: Tariff impact and share gains - Management expressed confidence in offsetting tariff costs through operational initiatives and highlighted opportunities for share gains due to a strong U.S. manufacturing footprint [44][46] Question: Segment-level tariff cost allocation - The estimated tariff impact is weighted more towards commercial (approximately 70%), followed by residential (20%), and food processing (10%) [53] Question: Revenue outlook and new store openings - Management expects sequential improvement in revenue for Q2 and noted that new store openings are anticipated to be higher in the second half of the year [62] Question: Competitive pricing landscape - The company has observed competitors implementing price increases ranging from 10% to 25%, while it plans a mid-single-digit increase [83]

The Middleby (MIDD) Q1 2025 Earnings Call May 07, 2025 11:00 AM ET Speaker0 Good day, and welcome to the Middleby Corporation First Quarter twenty twenty five Earnings Conference Call. All participants will be in listen only mode. After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded. I would now like to turn the conference over to Mr. Timothy Fitzgerald, CEO. Please go ahead. Speaker1 Thank you for joining today's call. I'd like to begin by high ...

Here is how Middleby performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: View all Key Company Metrics for Middleby here>>> Shares of Middleby have returned +8.2% over the past month versus the Zacks S&P 500 composite's +10.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Middleby (MIDD) reported $906.63 million in revenue for the quarter ended M ...

Middleby (MIDD) came out with quarterly earnings of $2.08 per share, beating the Zacks Consensus Estimate of $1.94 per share. This compares to earnings of $1.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.22%. A quarter ago, it was expected that this food preparation equipment company would post earnings of $2.50 per share when it actually produced earnings of $2.88, delivering a surprise of 15.20%.Over the last four qua ...

Q1 Earnings Update May 7, 2025 1 MIDDLEBY SHARE REPURCHASE STRATEGIC PRIORITIZATION OF CAPITAL TO MIDDLEBY SHARE REPURCHASES www.middleby.com 2 Vast majority of free cash flow will be deployed to Middleby share repurchases Strategic step underscores strong confidence in our business; share price does not reflect long-term inherent value Repurchases to complement ongoing priority of realizing Organic Growth from Innovation & Go-to-Market Investments Acquisitions on a highly opportunistic and strategic basis ...

1400 Toastmaster Drive, Elgin, Illinois 60120 (847) 741-3300 www.middleby.com The Middleby Corporation Reports First Quarter Results and Board of Directors Increases Share Buyback Authorization to 21% of Equity Elgin, Ill, May 7, 2025 - 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 first quarter of 2025. Middleby further announced an acceleration t ...

Company Overview - The Middleby Corporation (MIDD) shares increased by 14.7% to close at $143.55, following a period of 19.4% loss over the past four weeks, indicating a significant rebound in stock performance [1] - The rally is attributed to strong momentum in the Food Processing Equipment Group segment, supported by a robust backlog and strong incoming order growth [2] Financial Performance - Middleby is expected to report quarterly earnings of $1.94 per share, reflecting a year-over-year increase of 2.7%, with revenues projected at $943.61 million, up 1.8% from the previous year [3] - The consensus EPS estimate has been revised 0.8% higher in the last 30 days, suggesting a positive trend that may lead to price appreciation [4] Industry Context - Middleby operates within the Zacks Manufacturing - General Industrial industry, where another company, Xometry (XMTR), also experienced a significant stock increase of 14.1% [4] - Xometry's EPS estimate for the upcoming report remains unchanged at $0, representing a 100% increase compared to the previous year's EPS [5]

Core Viewpoint - The Middleby Corporation (MIDD) is experiencing positive momentum in its Food Processing Equipment Group segment, supported by strategic acquisitions and consistent shareholder rewards through dividends [1][3]. Group 1: Business Strength - The Food Processing Equipment Group segment is showing solid momentum, with a robust backlog and strong incoming order growth, particularly driven by increased demand for bakery and protein products in European markets [3]. - Sales in this segment increased by 14.4% year over year in the fourth quarter of 2024 [3]. Group 2: New Product Introduction - Middleby is focused on launching new products and upgrading existing ones, having introduced several new products over the past year, including MP Equipment and PIZZABOT [4]. - The company is gaining market share in new product categories, particularly in beverage and ice, and is well-positioned to benefit from strong demand for ventless cooking products [4]. Group 3: Expansion Efforts - Middleby is expanding its market presence through acquisitions, which contributed to a 2.1% year-over-year sales increase in the fourth quarter of 2024 [5]. - Recent acquisitions include Gorreri Food Processing Technology and JC Ford, which are expected to enhance Middleby's capabilities in advanced baked goods and snack food categories, respectively [5][6]. - The acquisition of Emery Thompson improved the company's offerings in the frozen dessert category, while the buyout of GBT GmbH Bakery Technology strengthened its European presence in large-scale baking [6]. Group 4: Stock Performance - Shares of Middleby have gained 2.6% over the past six months, contrasting with an 18% decline in the industry [7].