Tuesday, February 25, 2014

The Middleby Corporation Reports Fourth Quarter and Full Year Results

Elgin, IL, February 25, 2014 – The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net sales and earnings for the fourth quarter and full fiscal year ended December 28, 2013. Net earnings for the fourth quarter were $49,921,000 or $2.62 diluted earnings per share on net sales of $377,420,000 as compared to the prior year fourth quarter net earnings of $37,788,000 or $2.03 diluted earnings per share on net sales of $291,612,000. Net earnings for the fiscal year ended December 28, 2013 were $153,928,000 or $8.21 diluted earnings per share on net sales of $1,428,685,000 as compared to net earnings of $120,697,000 or $6.49 diluted earnings per share on net sales of $1,038,174,000 in the prior year.