The Middleby Corporation

Condensed Consolidated Statement of Earnings

(Amounts in 000's, Except Per Share Information)

(Unaudited)

 

 

Three Months Ended

Six Months Ended

  2nd Qtr. 2011 2nd Qtr. 2010 2nd Qtr. 2011 2nd Qtr. 2010
Net Sales

$ 210,855

$ 173,412

$ 393,427

$ 334,095

Cost of Sales

125,518

103,988

236,260

201,198

Gross profit

85,337

69,424

157,167

132,897

 

 

 

 

 

Selling & Distribution Expenses

21,569

19,036

42,137

36,661

General & Administrative Expenses

28,520

20,659

48,418

40,072

Income From Operations

35,248

29,729

66,612

56,164

 

 

 

 

 

Interest Expense and Deferred Financing Amortization, net

2,119

2,246

4,179

4,721

Other expense, net

1,608

220

1,446

564

Earnings Before Income Taxes

31,521

27,263

60,987

50,879

Provision for Income Taxes

11,893

9,754

23,534

19,608

Net Earnings

$  19,628

$  17,509

$  37,453

$  31,271

Net Earnings Per Share:        

Basic

$   1.09

$    0.98

$   2.08

$   1.76

Diluted

$  1.06

$   0.96

$   2.02

$   1.71

Weighted Average Number Shares:

 

 

 

 

Basic

18,052

17,863

17,976

17,808

Diluted

18,579

18,322

18,512

18,269