Q4 2019 Middleby Corp Earnings Call Transcript
Thank you for joining us for the Fourth Quarter and Year-end Middleby Conference Call. (Operator Instructions) With us today from management are CEO, Tim FitzGerald; CFO, Bryan Mittelman; and COO, David Brewer.
At this time, Mr. FitzGerald, please proceed with your opening remarks.
Thank you. Thanks, everybody, today for joining the call. I have -- I'm going to jump into comments real quickly here, and then I've got Bryan here to follow up with some additional comments on the financials.
2019 presented challenging market conditions. However, we reported record sales and profits for the quarter and year. And we are pleased with the many accomplishments of 2019 as we executed on our profitability initiatives and made strategic investments in our long-term growth. Our focus on profit improvement resulted in realized margin expansion across all 3 of our business segments, despite significant increases in cost from tariffs. Efforts from acquisition integration, supply chain
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