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

Q2 2021 Middleby Corp Earnings Call Transcript

Aug 12, 2021 / 03:00PM GMT
Release Date Price: €162.4 (-0.25%)
Operator

Good morning, and thank you for joining us for the Middleby Second Quarter Conference Call. With us today from management are Tim FitzGerald, Chief Executive Officer; Bryan Mittelman, Chief Financial Officer; Steve Spittle, Chief Commercial Officer; and James Pool, Chief Technology and Operations Officer. We will begin today with opening comments from management, then open up the call for questions. (Operator Instructions)

Now I'd like to turn the call over to Mr. FitzGerald for opening comments. Please go ahead, sir.

Timothy J. FitzGerald
The Middleby Corporation - CEO & Director

Good morning. Thank you for joining us today on our second quarter earnings call. As we begin, please note, there are slides to accompany this call on the Investor page of our website.

I will start the call this morning with comments on our decision not to counter and further increase our offer on Welbilt. We continue to stand by our view that the originally accepted offer to acquire Welbilt through a merger transaction offered superior value to Welbilt

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