The Middleby Corp (NAS:MIDD)
$ 124.73 -2.03 (-1.6%) Market Cap: 6.71 Bil Enterprise Value: 8.81 Bil PE Ratio: 17.37 PB Ratio: 2.03 GF Score: 94/100
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Q3 2019 Middleby Corp Earnings Call Transcript

Nov 06, 2019 / 04:00PM GMT
Release Date Price: $118.27 (-5.19%)
Operator

Thank you for joining us today for the Middleby Corporation Third quarter Conference Call. With us today from Management are, CEO, Tim FitzGerald; CFO, Bryan Mittelman; and COO, David Brewer. We will begin the call with comments from management, then open the line for questions. Instructions on how to get in the queue will be given at that time.

Now I will turn the call over to Mr. FitzGerald. Please go ahead, sir.

Timothy J. FitzGerald
The Middleby Corporation - CEO & Director

Good morning, and thank you, everybody, for joining today's call. I've got some initial comments about the quarter, and then I'll turn it over to Bryan.

In the third quarter, it was challenging across all of our business segments for a variety of reasons. Despite the current headwinds, we remain optimistic because of the significant progress made on our long-term initiatives during the quarter. These important sales and profitability programs that we are currently putting in place are a solid foundation for our future growth. We expect many of these strategic

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