Middleby Q1 Profit Surges - Quick Facts

(RTTNews) - Middleby Corp. (MIDD) reported first-quarter net earnings of $33.45 million or $1.78 per share, higher than $25.90 million or $1.39 per share in the prior-year quarter.

On average, five analysts polled by Thomson Reuters expected the company to report earnings of $2.01 per share for the quarter. Analysts' estimates typically exclude special items.

Sales for the quarter increased 13.8 percent to $372.48 million or $327.45 million in the same quarter last year, and topped five Wall Street analysts' consensus estimate of $363.98 million. Excluding the impact of acquisitions, sales increased 8.0 percent.