Middleby(US:MIDD)2023-02-21 16:01Financial Performance - Total net sales for Q4 2022 were $1031.7 million, a 19.1% increase compared to $866.4 million in Q4 2021[13] - Adjusted EBITDA for Q4 2022 was $233.5 million, representing 22.6% of sales, compared to $193.0 million, or 22.3% of sales, in Q4 2021[13] - Operating cash flow for Q4 2022 was $159.1 million, a 105.6% increase from $77.4 million in Q4 2021[13] - Net debt stood at $2650.4 million[9] Segment Performance - Commercial Foodservice revenue increased by 22.2% in the U S and Canada, reaching $452.9 million[16] - Commercial Foodservice organic revenue grew by 28.3%[14] - Food Processing organic revenue grew by 29.0%[4] - Food Processing revenue increased by 41.2% in the U S and Canada, reaching $123.8 million[19] - Residential Kitchen revenue in the U S and Canada was $138.8 million, a 16.4% increase, while international revenue decreased by 14.5% to $77.2 million[7] Strategic Initiatives - The company invested $290 million in acquisitions and assumed $29 million of debt[9] - The company repurchased common stock and purchased capped calls for $259 million[25] - The company has completed over 25 transactions since the beginning of 2019[10]