Middleby: Q2 Earnings Snapshot
By AP News
Published - Aug 01, 2024, 10:26 AM ET
Last Updated - Aug 01, 2024, 10:26 AM EDT
ELGIN, Ill. (AP) — ELGIN, Ill. (AP) — The Middleby Corp. (MIDD) on Thursday reported second-quarter net income of $115.4 million.
On a per-share basis, the Elgin, Illinois-based company said it had net income of $2.13. Earnings, adjusted for one-time gains and costs, came to $2.39 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.27 per share.
The food preparation equipment company posted revenue of $991.5 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $988.9 million.
