Middleby Corporation’s Impressive Earnings Report
From Financial Modeling Prep: 2025-02-25 10:04:42
Middleby Corporation, listed on the NASDAQ:MIDD, is a key player in the manufacturing sector, specializing in commercial food service and residential kitchen equipment. The company reported an impressive EPS of $2.88, surpassing estimates and showing a significant improvement from the previous year.
In the quarter ending December 2024, Middleby reported a revenue of approximately $1.01 billion, exceeding the estimated $996.7 million. This revenue figure surpassed the Zacks Consensus Estimate by 1.87% and remained consistent with the same period last year.
Financially, Middleby demonstrates strength with a price-to-earnings ratio of around 23.39 and a current ratio of about 2.81. These metrics show the company’s ability to cover short-term liabilities and its valuation relative to earnings.
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