Middleby: Q1 Earnings Snapshot
By Ap News
Published - May 08, 2024, 07:25 AM ET
Last Updated - May 27, 2024, 01:00 AM EDT
ELGIN, Ill. (AP) — ELGIN, Ill. (AP) — The Middleby Corp. (MIDD) on Wednesday reported first-quarter net income of $86.6 million.
The Elgin, Illinois-based company said it had net income of $1.59 per share. Earnings, adjusted for one-time gains and costs, were $1.89 per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.04 per share.
The food preparation equipment company posted revenue of $926.9 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $977.4 million.
