“We continue to execute on our strategic and operating initiatives, while realizing growth in sales and profitability. We reported record third quarter sales and EBITDA, with margins ahead of pre-covid levels despite significant continued inflationary effects impacting the quarter,” said Tim FitzGerald, CEO of The Middleby Corporation.

Highlights include:

• Revenue of $993 million, a 21.5% increase year over year
• Diluted Earnings per share of $1.92 and adjusted net earnings per share of $2.18, an increase of 13.5% year over year
• Adjusted EBITDA of $212 million, a 23.3% increase year over years
• Profitability grew to an organic adjusted EBITDA margin of 22.6%
• Completed the acquisition of CP Packaging, expanding Middleby’s offerings in packaging innovation
• Completed the acquisition of Colussi Ermes, enhancing Middleby’s automated washing & food safety solutions

For more information, please see the attached PDF.