Daily Stock Analysis, MIDD, Middleby Corp, priceseries

Middleby Corp. design, manufactures, markets, distributes, and service of commercial foodservices and food processing equipment. The company provides foodservice equipment used in all types of commercial restaurants and institutional kitchens, food preparation, cooking, baking, chilling and packaging equipment for food processing operations and premium kitchen equipment including ranges, ovens, refrigerators, ventilation and dishwashers primarily used in the residential market. It operates through the following segments: Commercial Foodservice Equipment Group, Food Processing Equipment Group and Residential Kitchen Equipment Group. The Commercial Foodservice Equipment Group segment manufactures, sells, and distributes cooking equipment to restaurants, convenience stores, retail outlets, hotels, and other institutions. The Food Processing Equipment Group segment offers processing solutions for customers that produce pre-cooked meat products and baked goods. The Residential Kitchen Equipment Group segment manufactures, sells and distributes kitchen equipment for the residential market. Middleby was founded in 1888 and is headquartered in Elgin, IL.

The Middleby Corporation designs, manufactures, markets, distributes, and services commercial foodservice, food processing, and residential kitchen equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. Its Commercial Foodservice Equipment Group segment offers cooking and warming equipment for quick-service restaurants, full-service restaurants, convenience stores, retail outlets, hotels, and other institutions. This segment provides conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; and ranges, fryers, rethermalizers, steam cooking equipment, warming equipment, heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, induction cooking equipment, countertop cooking equipment, toasters, professional refrigerators, blast chillers, coldrooms, ice machines, freezers, and beverage dispensing equipment. The company's Food Processing Equipment Group segment offers processing solutions for customers producing hot dogs, dinner sausages, poultry, and lunchmeats, as well as muffins, cookies, and bread. This segment offers batch, baking, proofing, conveyor, and continuous processing ovens; frying systems and automated thermal processing systems; grinders, slicers, emulsifiers, mixers, blenders, battering and breading equipment, water cutting systems, food presses, and forming equipment; and various food safety, food handling, freezing, and packaging equipment. Its Residential Kitchen Equipment Group segment manufactures, sells, and distributes kitchen equipment comprising ranges, cookers, stoves, ovens, refrigerators, dishwashers, microwaves, cooktops, wine coolers, ice machines, and ventilation and outdoor equipment for the residential market. The company was formerly known as Middleby Marshall Oven Company and changed its name to The Middleby Corporation in 1985. The Middleby Corporation was founded in 1888 and is based in Elgin, Illinois.