MIDDLEBY Corp (MIDD)

The Middleby Corp. engages in the design, manufacture, marketing, and distribution of foodservice equipment. It operates through the following segments: Commercial Foodservice Equipment Group, Food Processing Equipment Group, Residential Kitchen Equipment Group, and Corporate and Other. The Commercial Foodservice Equipment Group segment manufactures, sells, and distributes foodservice equipment for the restaurant and institutional kitchen industry. The Food Processing Equipment Group segment manufactures preparation, cooking, packaging, food handling, and food safety equipment for the food processing industry. The Residential Kitchen Equipment Group segment manufactures, sells, and distributes kitchen equipment such as cookers, stoves, ovens, refrigerators, dishwashers, microwaves, cooktops, wine coolers, ice machines, ventilation, and outdoor equipment for the residential market. The Corporate and Other segment refers to the corporate and other general company assets and operations. The company was founded in 1888 and is headquartered in Elgin, IL.

Address

1400 TOASTMASTER DRIVE
ELGIN, IL 60120

Founded

1888

Number of Employees

10,722

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s)
$44,283 $4,836 $4,418 $239,840 - - $69,694 $26,626 $249,050 $55,553 - $86,788
Average Price $285.31 $106.64 $102.06 $120.91 - - $77.70 $188.17 $160.27 $139.67 - $133.07
# Shares Purchased 155,211 45,352 43,285 1,983,692 - - 896,965 141,500 1,553,961 397,738 - 652,213
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date -53.7% 23.8% 29.3% 9.2% - - 69.9% -29.9% -17.6% -5.5% - -0.8%
S&P 500 Return to Date 181.9% 173.0% 168.6% 129.7% - - 74.8% 31.7% 37.3% 31.3% - 103.5%
Excess Total Return -235.6% -149.2% -139.3% -120.5% - - -5.0% -61.5% -54.9% -36.8% - -104.3%
Quartile Rank
Percentile Rank 16% 40% 41% 41% - - 64% 24% 30% 32% - 42%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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