Middleby (MIDD) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - Middleby (MIDD) reported revenue of $1.01 billion for the quarter ended December 2024, reflecting a 0.5% increase year-over-year and exceeding the Zacks Consensus Estimate of $995.24 million by 1.87% [1] - Earnings per share (EPS) for the quarter was $2.88, up from $2.65 in the same quarter last year, representing a surprise of 15.20% against the consensus estimate of $2.50 [1] Revenue Breakdown - Commercial Foodservice revenue was $609.45 million, surpassing the four-analyst average estimate of $599.71 million, but showing a year-over-year decline of 2.9% [4] - Residential Kitchen revenue reached $185.04 million, slightly below the four-analyst average estimate of $186.56 million, with a year-over-year decrease of 2.1% [4] - Food Processing revenue was $219.39 million, exceeding the average estimate of $208.71 million, and showing a significant year-over-year increase of 14.5% [4] Operational Performance - Income from operations in the Commercial Foodservice segment was $145.31 million, lower than the average estimate of $155.48 million [4] - The Residential Kitchen segment reported an operating loss of $12.65 million, contrasting with the average estimate of a $7.11 million profit [4] - Food Processing segment income was $58.07 million, outperforming the average estimate of $50.56 million [4] Stock Performance - Over the past month, Middleby shares have returned -2.1%, compared to a -1.8% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]