Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Middleby 1Q Sales Up
May 25, 2011
 Printable format
 Email this Article
 Search

Commercial appliance and foodservice equipment maker The Middleby Corporation said first quarter 2011 net earnings were $17,825,000 on net sales of $182,572,000, compared to first quarter 2010 when net earnings were $13,762,000 and net sales were $160,683,000.

Excluding the impact of acquisitions, net sales increased 7.3% during the 1Q 2011. An increase of 8.8% in sales from the Commercial Foodservice Group was offset by a decrease of 2.9% in sales from the Food Processing Group.

Sales in the Commercial Foodservice Group continue to grow, reflecting growth in international markets and increasing business with major restaurant chain customers.

The Food Processing Group, which grew 56.6% in the first quarter of last year, declined slightly, reflecting the quarterly volatility associated with this business due to the timing of large orders.

Middleby's gross profit increased to $71.8 million from $63.5 million. The gross margin rate was 39.3% compared to 39.5% in the prior year quarter, reflecting the impact of increasing material costs and lower margins at newly acquired companies, offset in part by the benefit of increased sales volumes and operational improvements.

Back to Daily News

 

Daily News

...........................................................

Oct 30, 2014: Whirlpool Corp. reports strong third-quarter

Oct 30, 2014: Statistical Portrait of the European Appliance Industry Released by Appliance Magazine

Oct 30, 2014: New Whirlpool acquisition Indesit reports profit for year so far

Oct 30, 2014: Consumer Confidence Index rebounds in October

Oct 29, 2014: New home sales up slightly in September 2014

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows