← MIDDLEBY Corp
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $2.3b |
$2.7b
+16.59%
|
$3.0b
+8.69%
|
$2.5b
-15.08%
|
$2.5b
0.00%
|
$4.0b
+60.46%
|
$4.0b
+0.09%
|
$3.9b
-4.00%
|
$3.2b
-17.39%
|
$3.2b
0.00%
|
$3.3b
+3.41%
|
|
| Cost of Revenue | $1.4b |
$1.7b
+20.80%
|
$1.9b
+7.98%
|
$1.6b
-12.11%
|
$1.6b
0.00%
|
$2.6b
+58.55%
|
$2.5b
-3.24%
|
$2.4b
-3.91%
|
$1.9b
-18.94%
|
$1.9b
0.00%
|
$2.0b
+4.04%
|
|
| Cost of Sales | $1.4b |
$1.7b
+20.80%
|
$1.9b
+7.98%
|
— | $1.6b |
$2.1b
+26.04%
|
$2.5b
+21.72%
|
$2.4b
-3.91%
|
— | $1.9b |
$2.0b
+4.04%
|
|
| Gross Profit | $912.7m |
$1.0b
+10.01%
|
$1.1b
+9.89%
|
$882.0m
-20.07%
|
$882.0m
0.00%
|
$1.4b
+64.00%
|
$1.5b
+6.05%
|
$1.5b
-4.15%
|
$1.3b
-14.86%
|
$1.3b
0.00%
|
$1.3b
+2.45%
|
|
| Research and Development Expense | $29.1m | $35.3m | $41.2m | $35.3m | — | $48.9m | $53.1m | $57.7m | $58.8m | — | — | |
| Selling, General and Administrative Expense | $468.2m | $538.8m | $593.8m | $531.9m | $531.9m | $797.2m | $806.9m | $762.5m | $663.2m | $663.2m | $689.6m | |
| Amortization of Intangible Assets | $38.6m | $60.0m | $64.0m | $69.0m | — | $86.3m | $75.0m | $64.4m | $55.3m | — | — | |
| Restructuring Charges | $20.0m | $19.3m | $10.5m | — | $12.4m | $7.7m | $14.1m | $14.2m | — | $3.3m | — | |
| Operating Income (Loss) | $378.6m |
$446.0m
+17.79%
|
$514.0m
+15.27%
|
$324.4m
-36.89%
|
— | $639.6m |
$634.9m
-0.74%
|
$656.2m
+3.36%
|
$574.9m
-12.39%
|
— | $592.9m | |
| Net interest expense and deferred financing amortization, net | $26.0m | $58.7m | $82.6m | — | $78.6m | $57.2m | $120.3m | $92.2m | — | $93.8m | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($2.4m) | ($2.6m) | ($900k) | ($2.9m) | — | $28.1m | $8.7m | $1.3m | $6.3m | — | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | $14.8m | $0 | — | — | — | — | — | — | — | |
| Gain on sale of plant | ($12.0m) | $0 | $0 | — | ($2.0m) | ($763k) | $0 | ($1.1m) | — | $0 | — | |
| Other Nonoperating Income (Expense) | ($829k) | ($1.8m) | $2.3m | ($3.1m) | — | ($28.9m) | ($4.2m) | ($1.5m) | ($5.1m) | — | — | |
| Other Expenses | — | — | — | — | — | — | — | $604.1m | $532.4m | — | — | |
| Other expense/(income), net | $829k | $1.8m | ($2.3m) | — | $3.1m | ($1.6m) | $4.2m | $1.5m | — | $5.1m | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | $290.9m | $328.9m | $336.7m | $178.8m | — | $383.8m | $346.8m | $415.2m | $348.8m | — | $483.9m | |
| Earnings from continuing operations before income taxes | — | — | $462.6m | — | $268.1m | $619.5m | $519.4m | $577.3m | — | $482.3m | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | — | $564.4m | $519.4m | $577.3m | $482.3m | — | $483.9m | |
| Provision for income taxes | $85.4m | $106.4m | $110.4m | $60.8m | $60.8m | $131.0m | $118.5m | $148.9m | $115.0m | $115.0m | — | |
| Current Income Tax Expense (Benefit) | $99.9m | $85.9m | $88.2m | $44.3m | — | $134.5m | $120.9m | $113.0m | $44.9m | — | $116.5m | |
| Net earnings | $298.1m |
$317.2m
+6.38%
|
$352.2m
+11.06%
|
— | $207.3m |
$488.5m
+135.65%
|
$400.9m
-17.93%
|
$428.4m
+6.87%
|
— | ($277.7m) |
($420.2m)
-51.28%
|
|
| Net Income (Loss) Attributable to Parent | $298.1m |
$317.2m
+6.38%
|
$352.2m
+11.06%
|
$207.3m
-41.15%
|
$207.3m
0.00%
|
$436.6m
+110.60%
|
$400.9m
-8.17%
|
$428.4m
+6.87%
|
($277.7m)
-164.82%
|
($277.7m)
0.00%
|
($420.2m)
-51.28%
|
|
| Income (Loss) from Continuing Operations, Per Basic Share | — | — | — | — | — | — | $8 | $8 | $7 | $7 | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | — | — | — | — | — | — | $8 | $8 | $7 | $7 | — | |
| Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share | — | — | — | — | — | — | ($0) | $0 | — | ($12) | — | |
| Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share | — | — | — | — | — | — | ($0) | $0 | — | ($12) | — | |
| Earnings Per Share, Basic | $5.26 | $5.71 | $6.33 | $3.76 | $3.76 | $8.07 | $7.48 | $7.97 | ($5.38) | ($5.38) | ($8.16) | |
| Earnings Per Share, Diluted | $5.26 | $5.70 | $6.33 | $3.76 | $3.76 | $7.95 | $7.41 | $7.90 | ($5.32) | ($5.32) | ($8.16) | |
| Basic (in shares) | $56.7m | $55.6m | $55.6m | — | $55.1m | $55.2m | $53.6m | $53.7m | — | $51.7m | $50.1m | |
| Dilutive common stock equivalents (in shares) | $4k | $28k | $9k | — | $43k | $1.4m | $509k | $471k | — | $524k | — | |
| Diluted (in shares) | $56.7m | $55.6m | $55.7m | — | $55.1m | $56.7m | $54.1m | $54.2m | — | $52.2m | $50.3m | |
| Weighted Average Number of Shares Outstanding, Basic | 56.7m | 55.6m | 55.6m | 55.1m | — | 54.1m | 53.6m | 53.7m | 51.7m | — | 50.1m | |
| Weighted Average Number of Shares Outstanding, Diluted | 56.7m | 55.6m | 55.7m | 55.1m | — | 54.9m | 54.1m | 54.2m | 52.2m | — | 50.3m | |
| Additional Financial Items | ||||||||||||
| Goodwill, Impairment Loss | — | $0 | $0 | $0 | — | — | — | — | — | — | $38.6m | |
| Other Cost and Expense, Operating | — | — | — | — | — | — | — | $210.1m | $144.6m | — | — | |
| Impairments | — | $0 | $0 | — | $15.3m | $0 | $78.1m | $38.6m | — | $10.6m | — | |
| Income from continuing operations | $410.3m | $446.0m | $514.0m | — | $324.4m | $630.0m | $634.9m | $656.2m | — | $574.9m | — | |
| Net Periodic Benefit Cost, Other Than Service Cost & Curtailment | — | ($39.0m) | ($29.7m) | — | ($40.0m) | ($45.1m) | ($9.1m) | ($14.9m) | — | ($6.3m) | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | $413.0m | $421.0m | $367.3m | $367.3m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | ($12.1m) | $7.5m | ($645.0m) | ($645.0m) | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.