The Middleby Corporation

Condensed Consolidated Statement of Earnings

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

(Unaudited)

 

 

Three Months Ended

Nine Months Ended

  3rd Qtr. 2008 3rd Qtr. 2007 3rd Qtr. 2008 3rd Qtr. 2007
Net Sales

$ 166,472

$ 135,996

$ 500,868

$354,939

Cost of Sales

101,735

84,600

310,221

217,552

Gross profit

67,737

51,396

190,647

137,387

 

 

 

 

 

Selling & Distribution Expenses

16,822

13,507

49,743

36,575

General & Administrative Expenses

16,962

12,465

51,443

35,380

Income From Operations

30,953

25,424

89,461

65,432

 

 

 

 

 

Interest Expense and Deferred Financing Amortization, net

3,168

1,621

9,910

4,138

Other (income) loss, net

850

(316)

1,798

(1,053)

Earnings Before Income Taxes

26,935

24,119

77,753

62,347

Provision for Income Taxes

10,645

10,063

31,165

24,989

Net Earnings

$  16,290

$  14,056

$  46,588

$  37,358

Net Earnings Per Share:        

Basic

$   1.02

$   0.89

$   2.91

$   2.39

Diluted

$   0.96

$   0.83

$   2.72

$   2.22

Weighted Average Number Shares:

 

 

 

 

Basic

15,911

15,743

15,985

15,632

Diluted

17,017

16,934

17,143

16,857