MIDDLEBY Corp (MIDD) company profile

The Middleby Corporation designs, manufactures, distributes, and services equipment used in commercial foodservice and industrial food processing operations. The company operates through two primary segments: the Commercial Foodservice Equipment Group and the Food Processing Equipment Group. Its commercial portfolio includes cooking, warming, refrigeration, freezing, and beverage machines, along with integrated IoT solutions and controllers. The food processing segment delivers automated cooking, baking, slicing, preparation, and packaging systems for protein and bakery producers. Middleby sells to quick-service and full-service restaurants, retail establishments, institutions, and major food processors worldwide.

The enterprise markets its offerings in the United States and over one hundred countries globally. Its manufacturing footprint comprises twenty-five domestic and eighteen international facilities for commercial foodservice, alongside thirteen domestic and sixteen international plants dedicated to food processing machinery. Middleby also maintains training kitchens and innovation centers across several nations, including locations in Dallas, Germany, Spain, India, and Italy. The corporate headquarters is not stated in the text.

Summary of the business section of Middleby's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.

“Included in these totals were 2,393 individuals employed outside of the United States, of which 1,264 were management, sales, administrative and engineering personnel, 1,030 were hourly production non-union workers and 99 were hourly production union workers, who participate in an employee cooperative.”