Below are the financial statements of Middleby, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales | 3,875.16a | 4,036.61a | 4,032.85a |
| Cost of sales | -2,404.79a | -2,502.54a | -2,586.3a |
| Gross profit | 1,470.37a | 1,534.06a | 1,446.55a |
| Selling, general, and administrative expenses | -762.5a | -806.95a | -797.23a |
| Restructuring expenses | -14.18a | -14.13a | -9.72a |
| Impairments | -38.64a | -78.11a | 0a |
| Gain on sale of plant | -1.14a | 0a | 0a |
| Income from operations | 656.19a | 634.87a | 639.6a |
| Interest expense and deferred financing amortization, net | -92.23a | -120.35a | -88.98a |
| Net periodic pension benefit (other than service cost & curtailment) | -14.9a | -9.07a | -42.68a |
| Other expense, net | 1.54a | 4.21a | 28.89a |
| Earnings before income taxes | 577.32a | 519.38a | 564.42a |
| Provision for income taxes | -148.89a | -118.5a | -127.85a |
| Net earnings | 428.43a | 400.88a | 436.57a |
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