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
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Q1 2022 Middleby Corp Earnings Call Transcript

May 10, 2022 / 03:00PM GMT
Release Date Price: €143 (-2.05%)
Operator

Thank you for joining us today for The Middleby Corporation First Quarter 2022 Conference Call. With us today from management are CEO, Tim FitzGerald; CFO, Bryan Mittelman; Chief Commercial Officer, Steve Spittle; Chief Technology and Operations Officer, James Pool. We will begin the call with opening comments, then open the lines for questions. (Operator Instructions). Also, please be aware that a presentation to accompany the earnings announcement is available on the investor page of middleby.com.

Now I'd like to turn the call over to Tim FitzGerald. Please go ahead, sir.

Timothy J. FitzGerald
The Middleby Corporation - CEO & Director

Great. Thank you, (inaudible), and thank you, everybody, for joining us today on our first quarter earnings call. We started the year with momentum, building upon the progress we made in 2021 and continuing to execute upon our financial and strategic initiatives. Financially, we posted record sales and earnings for the first quarter, and we were able to largely maintain our profitability while facing unprecedented

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