MIDDLEBY Corp
For the period ended Dec 28, 2024. Filed Feb 26, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 26, 2025
MIDD$138.00+1.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Earnings
(amounts in thousands, except per share data)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Net sales | $3,875,162 | $4,036,605 | $4,032,853 |
| Cost of sales | 2,404,793 | 2,502,543 | 2,586,299 |
| Gross profit | 1,470,369 | 1,534,062 | 1,446,554 |
| Selling, general, and administrative expenses | 762,502 | 806,946 | 797,234 |
| Restructuring expenses | 14,181 | 14,134 | 9,716 |
| Impairments | 38,637 | 78,114 | — |
| Gain on sale of plant | (1,139) | — | — |
| Income from operations | 656,188 | 634,868 | 639,604 |
| Interest expense and deferred financing amortization, net | 92,229 | 120,348 | 88,977 |
| Net periodic pension benefit (other than service cost & curtailment) | (14,897) | (9,071) | (42,681) |
| Other expense, net | 1,536 | 4,213 | 28,893 |
| Earnings before income taxes | 577,320 | 519,378 | 564,415 |
| Provision for income taxes | 148,887 | 118,496 | 127,846 |
| Net earnings | $428,433 | $400,882 | $436,569 |
| Net earnings per share: | |||
| Basic | $7.97 | $7.48 | $8.07 |
| Diluted | $7.90 | $7.41 | $7.95 |
| Weighted average number of shares | |||
| Basic | 53,738 | 53,577 | 54,095 |
| Dilutive common stock equivalents | 471 | 509 | 852 |
| Diluted | 54,209 | 54,086 | 54,947 |
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