The Middleby Corporation (NASDAQ: MIDD) (“Middleby”) today is releasing its current Q2 2021 and fiscal year 2021 forecast, well ahead of prior management forecasts and current consensus estimates. We are updating our internal estimates in light of continued strong year-to-date performance and based on the visibility that we have into orders, backlog and other leading indicators. Middleby is benefitting from increased customer orders as the industry recovers from COVID-19, the continued strength in our Residential Kitchen segment, the benefits of our strategic initiatives in sales and distribution, and the realization of integration benefits from previous acquisitions.
Middleby Releases Updated Q2 and FY2021 Management Forecast; Reiterates Conviction Behind Superiority of Agreed Transaction With Welbilt
Jul 06, 2021
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