The Middleby Corp (STU:MBY)
€ 130 -1 (-0.76%) Market Cap: 7.01 Bil Enterprise Value: 8.69 Bil PE Ratio: 19.26 PB Ratio: 2.09 GF Score: 88/100

Q1 2019 Middleby Corp Earnings Call Transcript

May 08, 2019 / 03:00PM GMT
Release Date Price: €122.12 (+0.18%)
Operator

Thank you for joining us for the Middleby Corporation First Quarter 2019 Conference call. With us today from management are CEO, Tim FitzGerald; CFO, Bryan Mittelman; and COO, David Brewer. (Operator Instructions) Now I'd like to turn the call back to Mr. Fitzgerald for his opening comments. Please go ahead, sir.

Timothy J. FitzGerald
The Middleby Corporation - CEO & Director

Good morning. Thank you, everybody, for joining us today on Middleby's first quarter earnings call. We are pleased to continue with our positive momentum both in the sales and profitability in the first quarter. We realized sales growth in both our commercial foodservice and residential segments with improving trends in food processing. We continued to make ongoing progress towards our long-term margin and profitability initiatives across the 3 business segments. In particular, we are focusing efforts to target profit improvement at companies recently acquired over the past several years.

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