logo
Middleby (NASDAQ:MIDD) Misses Q1 Revenue Estimates

Middleby (NASDAQ:MIDD) Misses Q1 Revenue Estimates

Yahoo07-05-2025

Kitchen product manufacturer Middleby (NYSE:MIDD) missed Wall Street's revenue expectations in Q1 CY2025, with sales falling 2.2% year on year to $906.6 million. Its non-GAAP profit of $2.08 per share was 5.3% above analysts' consensus estimates.
Is now the time to buy Middleby? Find out in our full research report.
Middleby (MIDD) Q1 CY2025 Highlights:
Revenue: $906.6 million vs analyst estimates of $941.7 million (2.2% year-on-year decline, 3.7% miss)
Adjusted EPS: $2.08 vs analyst estimates of $1.97 (5.3% beat)
Adjusted EBITDA: $182.1 million vs analyst estimates of $185.7 million (20.1% margin, 1.9% miss)
Operating Margin: 15.5%, in line with the same quarter last year
Free Cash Flow Margin: 11.8%, down from 13.7% in the same quarter last year
Organic Revenue fell 3.8% year on year (-8.7% in the same quarter last year)
Market Capitalization: $7.26 billion
'Middleby has a demonstrated track record of operational excellence, strong cash flow generation and disciplined capital investments, which provides the foundation for our attractive capital allocation framework," said Tim FitzGerald, CEO of The Middleby Corporation.
Company Overview
Holding a Guinness World Record for creating the world's fastest conveyor pizza oven, Middleby (NYSE:MIDD) is a food service and equipment manufacturer.
Sales Growth
A company's long-term performance is an indicator of its overall quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Unfortunately, Middleby's 5.5% annualized revenue growth over the last five years was tepid. This was below our standard for the industrials sector and is a rough starting point for our analysis.
Middleby Quarterly Revenue
We at StockStory place the most emphasis on long-term growth, but within industrials, a half-decade historical view may miss cycles, industry trends, or a company capitalizing on catalysts such as a new contract win or a successful product line. Middleby's performance shows it grew in the past but relinquished its gains over the last two years, as its revenue fell by 2.4% annually.
Middleby Year-On-Year Revenue Growth
We can better understand the company's sales dynamics by analyzing its organic revenue, which strips out one-time events like acquisitions and currency fluctuations that don't accurately reflect its fundamentals. Over the last two years, Middleby's organic revenue averaged 4.3% year-on-year declines. Because this number is lower than its normal revenue growth, we can see that some mixture of acquisitions and foreign exchange rates boosted its headline results.
Middleby Organic Revenue Growth
This quarter, Middleby missed Wall Street's estimates and reported a rather uninspiring 2.2% year-on-year revenue decline, generating $906.6 million of revenue.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Markel International appoints Sucheng Chang to lead Asia Pacific operations
Markel International appoints Sucheng Chang to lead Asia Pacific operations

Yahoo

time34 minutes ago

  • Yahoo

Markel International appoints Sucheng Chang to lead Asia Pacific operations

LONDON, June 9, 2025 /PRNewswire/ -- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced that it has appointed Sucheng Chang as its new Managing Director for Asia Pacific, with effect from 14 July. In his new role, Chang will head up Markel International's Asia Pacific business, which operates from its regional hub in Singapore and from offices in Australia, Hong Kong, China, India, Malaysia and Dubai. He will be responsible for leading the strategic direction of the business, centered on maximizing profitable growth and delivering exceptional client and broker service. Markel International's Asia Pacific business has witnessed significant expansion in recent years, following investment made as part of its Accelerate Asia Pacific strategy. Since 2019, GWP has increased by approximately 600%, underwriting profitability has improved and the number of employees in the region has increased by nearly 300%. Chang will take over from Christian Stobbs, who earlier this year announced his decision to leave the Asia Pacific region, remaining with Markel in another role. Commenting on Chang's appointment, Andrew McMellin, President of Markel International, said: "Sucheng is a highly strategic and well-respected leader within the Asia Pacific market, and I'm thrilled that he's joining Markel to lead our regional business in the next phase of its development. The Accelerate Asia Pacific strategy is a cornerstone of the profitable growth agenda at Markel International. I've no doubt that Sucheng's leadership qualities and his significant experience of scaling insurance operations in Asia will help us to build on this momentum as we push it forward to even greater success." Chang added: "Markel has made huge inroads in Asia Pacific and today is a well-respected insurance partner to clients and trading partners in the region, renowned for its focus on exceptional service and customer outcomes. I therefore couldn't be more excited to lead the next phase of the expansion of Markel's Asia Pacific business, building on the progress that's been made to expand our presence even further and take advantage of the opportunities available in the US$300-billion GWP Asia-Pacific insurance market." Chang arrives at Markel with significant experience scaling insurance operations across the Asia Pacific, most recently as Chief Executive Officer, Hong Kong, for Aon. Prior to joining Aon, Chang spent more than 13 years at Liberty Mutual in strategic roles, including Chief Distribution Officer, Global Retail Markets East and Chief Executive Officer of Liberty Insurance Singapore. He holds an MBA from Yale University and BA from Boston University. About Markel Insurance We are Markel Insurance, a leading global specialty insurer with a truly people-first approach. As the insurance operations within the Markel Group Inc. (NYSE: MKL), we leverage a broad array of capabilities and expertise to create intelligent solutions for the most complex specialty insurance needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers and clients – that differentiates us worldwide. View original content to download multimedia: SOURCE Markel

Western Union Appoints Vince Tallent to Drive Asia Pacific Growth and Operations
Western Union Appoints Vince Tallent to Drive Asia Pacific Growth and Operations

Business Upturn

time2 hours ago

  • Business Upturn

Western Union Appoints Vince Tallent to Drive Asia Pacific Growth and Operations

Singapore: Western Union today announced the appointment of Vince Tallent as Senior Vice President, Head of Asia Pacific. His appointment comes as the Company accelerates its strong growth momentum in the region across its digital, retail and broader ecosystem presence. Tallent brings a wealth of expertise to Western Union, having built a distinguished career within the fintech and telecommunications, media & technology (TMT) industries. He has extensive experience growing international businesses and delivering innovative service offerings. These include multi-service apps with in-app purchases, data transfer, marketplaces, card services, alternative payment methods and cutting-edge digital banking solutions across both developed and emerging markets. 'Vince's leadership and diverse experience in scaling technology-driven financial services will be invaluable as we continue to strengthen our position in Asia Pacific,' said Giovanni Angelini, Western Union's President for Europe, Middle East, Africa and Asia Pacific. 'His proven track record in driving operational excellence and business growth will help us tap into the region's dynamic market potential, expand our offerings, and deliver innovative solutions to our customers.' Tallent joins Western Union from tiqmo, an innovative fintech app in Saudi Arabia that serves customers across the Middle East and North Africa. He joined tiqmo initially as Group COO and CFO, ultimately becoming CEO in 2022. Prior to tiqmo, Tallent held senior leadership positions at top fintech and TMT companies in Asia Pacific, the Middle East, and Europe where he led transformational strategies that drove growth and innovation. 'I'm delighted to join Western Union at such a pivotal time for the company,' said Vince Tallent. 'This is an exciting opportunity to build on Western Union's growth momentum in the region by delivering customer-centric, innovative solutions that empower individuals as they send and receive money, ultimately making financial services accessible for all.' Vince Tallent holds an MBA in Advanced Finance & Corporate Strategy from Kingston University, London, where he was also awarded an Honorary Doctorate for his outstanding contributions to business, entrepreneurship, and philanthropy. He is also a Fellow of the Chartered Institute of Management Accountants (CIMA) in London. About Western Union The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and nearly 130 currencies—to connect with billions of bank accounts, millions of digital wallets and cards, and a global footprint of hundreds of thousands of retail locations. Our goal is to offer accessible financial services that help people and communities prosper. For more information, visit View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same.

Western Union Appoints Vince Tallent to Drive Asia Pacific Growth and Operations
Western Union Appoints Vince Tallent to Drive Asia Pacific Growth and Operations

Business Wire

time5 hours ago

  • Business Wire

Western Union Appoints Vince Tallent to Drive Asia Pacific Growth and Operations

SINGAPORE--(BUSINESS WIRE)--Western Union today announced the appointment of Vince Tallent as Senior Vice President, Head of Asia Pacific. His appointment comes as the Company accelerates its strong growth momentum in the region across its digital, retail and broader ecosystem presence. Tallent brings a wealth of expertise to Western Union, having built a distinguished career within the fintech and telecommunications, media & technology (TMT) industries. He has extensive experience growing international businesses and delivering innovative service offerings. These include multi-service apps with in-app purchases, data transfer, marketplaces, card services, alternative payment methods and cutting-edge digital banking solutions across both developed and emerging markets. 'Vince's leadership and diverse experience in scaling technology-driven financial services will be invaluable as we continue to strengthen our position in Asia Pacific,' said Giovanni Angelini, Western Union's President for Europe, Middle East, Africa and Asia Pacific. 'His proven track record in driving operational excellence and business growth will help us tap into the region's dynamic market potential, expand our offerings, and deliver innovative solutions to our customers.' Tallent joins Western Union from tiqmo, an innovative fintech app in Saudi Arabia that serves customers across the Middle East and North Africa. He joined tiqmo initially as Group COO and CFO, ultimately becoming CEO in 2022. Prior to tiqmo, Tallent held senior leadership positions at top fintech and TMT companies in Asia Pacific, the Middle East, and Europe where he led transformational strategies that drove growth and innovation. 'I'm delighted to join Western Union at such a pivotal time for the company,' said Vince Tallent. 'This is an exciting opportunity to build on Western Union's growth momentum in the region by delivering customer-centric, innovative solutions that empower individuals as they send and receive money, ultimately making financial services accessible for all.' Vince Tallent holds an MBA in Advanced Finance & Corporate Strategy from Kingston University, London, where he was also awarded an Honorary Doctorate for his outstanding contributions to business, entrepreneurship, and philanthropy. He is also a Fellow of the Chartered Institute of Management Accountants (CIMA) in London. About Western Union The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and nearly 130 currencies—to connect with billions of bank accounts, millions of digital wallets and cards, and a global footprint of hundreds of thousands of retail locations. Our goal is to offer accessible financial services that help people and communities prosper. For more information, visit

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store