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Middleby's 2012 Sales Up 21%
Mar 7, 2013
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The Middleby Corporation (Elgin, IL, U.S.), manufacturer of foodservice appliances and food processing equipment, reported fourth quarter 2012 net earnings of $37,788,000 on net sales of $291,612,000. Fourth quarter 2011 net earnings were $34,559,000 on net sales of $243,760,000.

Net earnings for the fiscal year, which ended Dec. 29, 2012, were $120,697,000 on net sales of $1,038,174,000. Full-year 2011 net earnings were $95,473,000 on net sales of $855,907,000.

Net sales increased 19.6% in the fourth quarter of 2012 and increased 21.3% in the full fiscal year 2012. Excluding the impact of acquisitions, 4Q 2012 sales were up 8.3% and full-year sales were up 7.2%.

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