Financial News

The Middleby Corporation to Offer $550 Million Convertible Senior Notes Due 2025

Aug. 18, 2020

The Middleby Corporation, Inc. (NASDAQ: MIDD; “Middleby” or the “Company”), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today announced that it proposes to offer $550 million aggregate principal amount of its convertible senior notes due 2025 (the “notes”), subject to market conditions and other factors.

Financial News

Middleby Announces Strategic Financing Transactions

Aug. 18, 2020

The Middleby Corporation, Inc. (NASDAQ: MIDD; “Middleby” or the “Company”), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today announced that it has commenced a set of strategic financing transactions, including an amendment to its senior credit facility and the launch of a $550 million convertible notes offering. The Company also expects to enter into a related capped call hedge transaction, which will offset potential dilution from the conversion feature of the notes.

Financial News

The Middleby Corporation Prices Upsized Offering of $650 Million Convertible Senior Notes Due 2025

Aug. 18, 2020

The Middleby Corporation (Nasdaq: MIDD; “Middleby” or the “Company”), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing and residential kitchen industries, today announced that it has priced $650 million aggregate principal amount of 1.00% convertible senior notes due 2025 (the “notes”). The principal amount of the offering was increased from the previously announced offering size of $550 million. The notes will be sold only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. Middleby also granted the initial purchasers of the notes a 13-day option to purchase up to an additional $97.5 million aggregate principal amount of the notes. The offering is expected to close on August 21, 2020, subject to customary closing conditions

Financial News

The Middleby Corporation Reports 2020 Q2 Results

Aug. 05, 2020

The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net earnings for the 2020 second quarter of $21.2 million or $0.39 diluted earnings per share on net sales of $472.0 million. Adjusted net earnings were $30.4 million or $0.55 adjusted diluted earnings per share. A full reconciliation between GAAP and non-GAAP measures are provided at the end of this press release.

Financial News

Middleby Schedules 2020 Q2 Earnings Release and Conference Call

Jul. 30, 2020

The Middleby Corporation (NASDAQ: MIDD) today announced it will release 2020 second quarter earnings on Wednesday, August 5 before the market opens.

Financial News

2020 Q1 Earnings Report and COVID-19 Update

May. 07, 2020

Elgin, IL, May 7, 2020 - The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net earnings for the 2020 first quarter of $73.8 million or $1.33 diluted earnings per share on net sales of $677.5 million.

Financial News

Middleby Schedules First Quarter Earnings Release and Conference Call

May. 04, 2020

The Middleby Corporation (NASDAQ: MIDD) today announced it will release 2020 first quarter earnings on Thursday, May 7 before the market opens.

Financial News

Q4 2019 Summary

Feb. 26, 2020

Elgin, IL, February 26, 2020 - The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net sales and earnings for the fourth quarter and full fiscal year ended December 28, 2019.

Financial News

Middleby Schedules Fourth Quarter Earnings Release and Conference Call

Feb. 18, 2020

Elgin, Ill. (BUSINESS WIRE) February 18, 2020

Financial News

The Middleby Corporation Reports Third Quarter Results

Nov. 06, 2019

The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net sales and earnings for the third quarter ended September 28, 2019.