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. 2012 2nd Qtr. 2011 2nd Qtr. 2012 2nd Qtr. 2011
Net Sales

$ 260,040

$ 210,855

$ 488,863

$ 393,427

Cost of Sales

158,224

125,518

299,564

236,260

Gross profit

101,816

85,337

189,299

157,167

 

 

 

 

 

Selling & Distribution Expenses

28,274

21,569

53,449

42,137

General & Administrative Expenses

28,204

28,520

53,852

48,418

Income From Operations

45,338

35,248

81,998

66,612

 

 

 

 

 

Interest Expense and Deferred Financing Amortization, net

1,967

2,119

4,058

4,179

Other expense, net

(308)

1,608

887

1,446

Earnings Before Income Taxes

43,751

31,521

77,053

60,987

Provision for Income Taxes

12,706

11,893

23,913

23,534

Net Earnings

$  31,045

$  19,628

$  53,140

$  37,453

Net Earnings Per Share:        

Basic

$   1.70

$   1.09

$   2.92

$   2.08

Diluted

$  1.67

$  1.06

$   2.87

$   2.02

Weighted Average Number Shares:

 

 

 

 

Basic

18,267

18,052

18,207

17,976

Diluted

18,574

18,579

18,519

18,512

Comprehensive income

$  23,592

$  20,641

$  51,686

$  39,099