Middleby Corp. Reports Strong Revenue Growth in 2024 10-K
Ticker: MIDD · Form: 10-K · Filed: Feb 26, 2025 · CIK: 769520
| Field | Detail |
|---|---|
| Company | Middleby Corp (MIDD) |
| Form Type | 10-K |
| Filed Date | Feb 26, 2025 |
| Risk Level | medium |
| Sentiment | bullish |
Sentiment: bullish
Topics: financials, revenue-growth, earnings
TL;DR
MIDDLEBY 2024 revenue up to $2.86B, net income $1.76B. Growth across segments.
AI Summary
Middleby Corp. filed its 2024 10-K on February 26, 2025, reporting total revenues of $2.86 billion for the fiscal year ending December 28, 2024. This represents an increase from the previous year's revenue of $2.73 billion. The company's net income for 2024 was $1.76 billion, up from $1.51 billion in 2023. Middleby operates in segments including Commercial Foodservice Equipment, Residential Kitchen, and Food Processing.
Why It Matters
This filing provides investors with a comprehensive overview of Middleby Corp.'s financial performance and operational results for the fiscal year 2024, impacting investment decisions.
Risk Assessment
Risk Level: medium — The filing presents standard financial reporting for a public company without immediate indicators of significant new risks.
Key Numbers
- $2.86B — Total Revenues (Fiscal year 2024 revenue, up from $2.73B in 2023.)
- $1.76B — Net Income (Fiscal year 2024 net income, up from $1.51B in 2023.)
- $9.39B — Total Assets (Total assets as of December 28, 2024.)
- $7.21B — Total Liabilities (Total liabilities as of December 28, 2024.)
- $1.75B — Net Cash Provided by Operating Activities (Cash generated from operations in fiscal year 2024.)
Key Players & Entities
- MIDDLEBY Corp (company) — Filer of the 10-K
- 2024 (date) — Fiscal year end
- 20250226 (date) — Filing date
- $2.86 billion (dollar_amount) — Total revenues for fiscal year 2024
- $2.73 billion (dollar_amount) — Total revenues for fiscal year 2023
- $1.76 billion (dollar_amount) — Net income for fiscal year 2024
- $1.51 billion (dollar_amount) — Net income for fiscal year 2023
FAQ
What were Middleby Corp.'s total revenues for the fiscal year ending December 28, 2024?
Middleby Corp.'s total revenues for the fiscal year ending December 28, 2024, were $2,862,100,000 ($2.86 billion).
How did Middleby Corp.'s net income in 2024 compare to 2023?
Middleby Corp.'s net income increased from $1,507,000,000 ($1.51 billion) in 2023 to $1,755,000,000 ($1.76 billion) in 2024.
What are the main business segments of Middleby Corp. as indicated in the filing?
The filing indicates Middleby Corp. operates in segments including Commercial Foodservice Equipment, Residential Kitchen, and Food Processing.
When was this 10-K filing submitted to the SEC?
This 10-K filing was submitted to the SEC on February 26, 2025.
What was the company's total assets as of the end of the 2024 fiscal year?
As of December 28, 2024, Middleby Corp.'s total assets were $9,386,000,000 ($9.39 billion).
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on February 26, 2025 regarding MIDDLEBY Corp (MIDD).