NASDAQ:MIDD - Nasdaq - US5962781010 - Common Stock - Currency: USD
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Hyster-Yale Materials Handling (NYSE:HY) and its peers.
Middleby exceeded expectations for Q4 2024 with robust earnings and strategic growth initiatives, despite challenges in specific segments.
Kitchen product manufacturer Middleby (NYSE:MIDD) announced better-than-expected revenue in Q4 CY2024, but sales were flat year on year at $1.01 billion. Its non-GAAP profit of $2.88 per share was 14.2% above analysts’ consensus estimates.
Kitchen product manufacturer Middleby (NYSE:MIDD) announced better-than-expected revenue in Q4 CY2024, but sales were flat year on year at $1.01 billion. Its non-GAAP profit of $2.88 per share was 14.2% above analysts’ consensus estimates.
Kitchen product manufacturer Middleby (NYSE:MIDD) will be reporting results tomorrow before the bell. Here’s what to look for.
The Elgin, Illinois-based company said it is in the advanced stages of the review and expects to conclude it within the next few months.
Mentions: IJH
Shares of kitchen product manufacturer Middleby (NYSE:MIDD) jumped 15.1% in the afternoon session after The Wall Street Journal reported that activist Garden Investments built a ~5% stake in the company and plans to push for changes. This move is noteworthy given that activist investors often bring about significant changes in targeted companies, focusing on improving asset monetization, expense efficiency, and stock buybacks.