The Middleby Corporation Reports Record First Quarter Results
May. 11, 2023
• Revenue of $1,007 million, a 1% increase year over year • Diluted Earnings per share of $1.82 and adjusted net earnings per share of $2.19, an increase of 3% year over year • Adjusted EBITDA of $210 million, a 6% increase year over year • Profitability grew to an organic adjusted EBITDA margin of 21.1% compared to 19.8% in the prior year • Completed the acquisition of Flavor Burst, expanding Middleby’s beverage platform
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