MIDD rides Food Processing momentum, accretive deals and hefty buybacks as shares jump 35% YTD, far outpacing industry gains on strong global demand.
Here is how Middleby (MIDD) and Nordson (NDSN) have performed compared to their sector so far this year.
The Middleby Corporation (MIDD) M&A Call Transcript
| Machinery Industry | Industrials Sector | Timothy J. FitzGerald CEO | XDUS Exchange | US5962781010 ISIN |
| US Country | 10,616 Employees | - Last Dividend | 18 Jun 2007 Last Split | 17 Mar 1992 IPO Date |
The Middleby Corporation, with its inception in 1888 and a historical name change from Middleby Marshall Oven Company in 1985, stands as a global leader in the design, marketing, manufacture, distribution, and service of a broad spectrum of products. These serve the foodservice, food processing, and residential kitchen sectors. Operating from its base in Elgin, Illinois, The Middleby Corporation caters to a diverse clientele worldwide, emphasizing innovation and efficiency across its product range.
The company’s offerings are segmented into three primary groups: Commercial Foodservice Equipment, Food Processing Equipment, and Residential Kitchen Equipment. Each segment caters to a specific market need with a wide array of products.