The Middleby Corporation Reports Second Quarter Results MarketWatch (press release)

11.08.11

, A leading worldwide manufacturer of restaurant and foodservice cooking equipment, today reported net sales and earnings for the second quarter ended July 2, 2011. Net earnings for the second quarter were $19,628,000 or $1.06 per share on net sales of $210,855,000 as compared to the prior year second quarter net earnings of $17,509,000 or $0.96 per share on net sales of $173,412,000.

2011 Second Quarter Financial Highlights

-- The first quarter financial statements include the results of the recently completed acquisitions of Beech Pty. Ltd. ("Beech"), a leading manufacturer of stone hearth ovens for the commercial foodservice industry acquired on April 12, 2011 and Lincat Group PLC ("Lincat"), a leading manufacturer of ranges, ovens and counterline equipment acquired on May 27, 2011.

-- Subsequent to the end of the second quarter, the company completed three additional acquisitions, "Danfotech Inc. ("Danfotech") on July 5, 2011, Maurer-Atmos ("Maurer-Atmos") on July 22, 2011 and Auto-Bake Pty. Ltd. ("Auto-Bake") on August 1, 2011. The impact of these acquisitions is not reflected in the second quarter statements of earnings and balance sheets.

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