<SEC-DOCUMENT>0001157523-16-005582.txt : 20160512
<SEC-HEADER>0001157523-16-005582.hdr.sgml : 20160512
<ACCEPTANCE-DATETIME>20160511183755
ACCESSION NUMBER:		0001157523-16-005582
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160511
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160512
DATE AS OF CHANGE:		20160511

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MIDDLEBY CORP
		CENTRAL INDEX KEY:			0000769520
		STANDARD INDUSTRIAL CLASSIFICATION:	REFRIGERATION & SERVICE INDUSTRY MACHINERY [3580]
		IRS NUMBER:				363352497
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09973
		FILM NUMBER:		161641200

	BUSINESS ADDRESS:	
		STREET 1:		1400 TOASTMASTER DRIVE
		CITY:			ELGIN
		STATE:			IL
		ZIP:			60120
		BUSINESS PHONE:		8477413300

	MAIL ADDRESS:	
		STREET 1:		1400 TOASTMASTER DRIVE
		CITY:			ELGIN
		STATE:			IL
		ZIP:			60120
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51340832.htm
<DESCRIPTION>THE MIDDLEBY CORP. 8-K
<TEXT>
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    </p>
    <hr style="text-align: center; width: 85%; color: #000000; height: 3.0 pt">


    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><b><font style="font-size: 12pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 12pt"></font><font style="font-size: 12pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></b><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-size: 12pt; font-family: Times New Roman">Washington,
      D.C. 20549</font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>FORM
      8-K</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>
      Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</b></font><br><br><font style="font-size: 10pt; font-family: Times New Roman">Date
      of Report (Date of earliest event reported): May 11, 2016</font><br><br><font style="font-size: 18pt"><b>THE
      MIDDLEBY CORPORATION</b></font><br><font style="font-size: 10pt; font-family: Times New Roman">(Exact
      Name of Registrant as Specified in its Charter)</font><br><br>
    </p>
    <div style="text-align:center">
    <table style="font-size: 10pt; margin-left:auto;margin-right:auto; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="text-align: center; padding-left: 0.0px; width: 33%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td style="text-align: center; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; width: 34%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>1-9973</b>
          </p>
        </td>
        <td style="text-align: center; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; width: 33%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>36-3352497</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px; width: 33%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (State or Other Jurisdiction
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            of Incorporation)
          </p>
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 34%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission File Number)
          </p>
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 33%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (IRS Employer
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="text-align: center; padding-left: 0.0px; width: 67%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>1400 Toastmaster Drive, Elgin, Illinois</b>
          </p>
        </td>
        <td style="text-align: center; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; width: 33%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>60120</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px; width: 67%" valign="bottom">
          <font style="font-size: 10pt; font-family: Times New Roman">(Address
          of Principal Executive Offices)</font>
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 33%" valign="bottom">
          <font style="font-size: 10pt; font-family: Times New Roman">(Zip
          Code)</font>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <b>(847) 741-3300</b><br>(<font style="font-size: 10pt; font-family: Times New Roman">Registrant&#8217;s
      telephone number, including area code)</font><br><br><b>N/A</b><br>(<font style="font-size: 10pt; font-family: Times New Roman">Former
      Name or Former Address, if Changed Since Last Report)</font><br>
    </p>
    <p style="text-align: left">
      <br>
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p>
      <b>Item 2.02. &#160;&#160;&#160;&#160;&#160;&#160;Results of Operations and Financial Condition.</b>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px; font-family: Times New Roman">
      On May 11, 2016, The Middleby Corporation (the &#8220;Company&#8221;) issued a press
      release announcing its financial results for the first quarter ended
      April 2, 2016. A copy of that press release is furnished as Exhibit 99.1
      and incorporated herein by reference.
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px; font-family: Times New Roman">
      The information furnished pursuant to Item 2.02 of this Current Report
      on Form 8-K (including the exhibit hereto) shall not be considered
      &quot;filed&quot; under the Securities Exchange Act of 1934, as amended, nor shall
      it be incorporated by reference into future filings by the Company under
      the Securities Act of 1933, as amended, or under the Securities Exchange
      Act of 1934, as amended, unless the Company expressly sets forth in such
      future filing that such information is to be considered &quot;filed&quot; or
      incorporated by reference therein.<br><br><br><b>Item
      9.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;Financial Statements and Exhibits.</b>
    </p>
    <p>
      <b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(c) &#160;&#160;&#160;&#160;&#160;&#160;Exhibits.</b>
    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="text-align: left; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-color: black; width: 10%; border-bottom-style: solid" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Exhibit No.</b>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 2%; padding-bottom: 2.0px" valign="top">
          &#160;
        </td>
        <td style="text-align: left; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-color: black; width: 88%; border-bottom-style: solid" valign="top">
          <b>Description</b>
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td style="width: 2%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 88%" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 10%" valign="top">
          Exhibit 99.1
        </td>
        <td style="width: 2%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 88%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            The Middleby Corporation press release dated May 11, 2016.
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: justify">

    </p>
    <div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman">SIGNATURES</font>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px; font-family: Times New Roman">
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, as amended, the
      registrant has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font><br><br><br>
    </p>
    <div style="text-align:center">
    <table style="font-size: 10pt; margin-left:auto;margin-right:auto; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            THE MIDDLEBY CORPORATION
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 5%; padding-bottom: 2.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Dated:
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 45%; padding-bottom: 2.0px" valign="top">
          May 11, 2016
        </td>
        <td style="width: 6%">
          &#160;
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 4%; padding-bottom: 2.0px" valign="top">
          By:
        </td>
        <td style="text-align: left; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-color: black; width: 40%; border-bottom-style: solid" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ Timothy J. FitzGerald
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 6%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 40%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Timothy J. FitzGerald
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 6%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 40%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Vice President,
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 6%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 40%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Chief Financial Officer and
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 6%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 40%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Chief Accounting Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <u><b>Exhibit Index</b></u>
    </p>
    <p>

    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="text-align: left; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-color: black; width: 10%; border-bottom-style: solid" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Exhibit No.</b>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 2%; padding-bottom: 2.0px" valign="top">
          &#160;
        </td>
        <td style="text-align: left; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-color: black; width: 88%; border-bottom-style: solid" valign="top">
          <b>Description</b>
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td style="width: 2%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 88%" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 10%" valign="top">
          Exhibit 99.1
        </td>
        <td style="width: 2%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 88%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            The Middleby Corporation press release dated May 11, 2016.
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: justify">

    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51340832ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
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    <title></title>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>The
      Middleby Corporation Reports First Quarter Results</b></font>
    </p>
    <p>
      ELGIN, Ill.--(BUSINESS WIRE)--May 11, 2016--The Middleby Corporation
      (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the
      commercial foodservice, food processing, and residential kitchen
      industries, today reported net sales and earnings for the first quarter
      ended April 2, 2016. Net earnings for the first quarter were $54,538,000
      or $0.96 diluted earnings per share on net sales of $516,355,000 as
      compared to the prior year first quarter net earnings of $38,231,000 or
      $0.67 diluted earnings per share on net sales of $406,596,000.
    </p>
    <p>
      <u><b>2016 First Quarter Financial Highlights</b></u>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Net sales increased 27.0% compared to the prior year first quarter.
        Sales related to recent acquisitions added $106.6 million or 26.2%, in
        the first quarter. The impact of foreign exchange rates on foreign
        sales translated into U.S. Dollars reduced net sales by approximately
        $6.4 million or 1.6%, during the first quarter. Excluding the impact
        of foreign exchange, organic sales growth amounted to 2.3% during the
        first quarter.
      </li>
      <li style="margin-bottom: 10.0px">
        Net sales at the company&#8217;s Commercial Foodservice Equipment Group
        increased by $16.8 million, or 6.4%, to $279.0 million in the first
        quarter as compared to $262.2 million in the prior year first quarter.
        During fiscal 2015, the company completed the acquisitions of
        Goldstein Eswood, Marsal and Induc. Excluding the impact of these
        acquisitions, sales increased 5.6% in the first quarter, or 7.5% on a
        constant currency basis.
      </li>
      <li style="margin-bottom: 10.0px">
        Net sales at the company&#8217;s Food Processing Equipment Group increased
        by $8.8 million, or 12.6%, to $78.6 million in the first quarter as
        compared to $69.8 million the prior year first quarter. During fiscal
        2015, the company completed the acquisition of Thurne. Excluding the
        impact of this acquisition, sales increased by 4.6% in the first
        quarter, or 5.9% on a constant currency basis.
      </li>
      <li style="margin-bottom: 10.0px">
        Net sales at the company&#8217;s Residential Kitchen Equipment Group
        increased by $84.1 million, or 112.7%, to $158.7 million in the first
        quarter as compared to $74.6 million in the prior year first quarter.
        During fiscal 2015, the company completed the acquisitions of AGA and
        Lynx. Excluding the impact of these acquisitions, sales decreased by
        19.7% in the first quarter, or 19.2% on a constant currency basis. The
        decline in revenues reflects lower sales at U-Line due to the prior
        year favorable impact of a new product launch and lower sales at
        Viking impacted by the prior year recall of certain legacy products
        manufactured prior to acquisition.
      </li>
      <li style="margin-bottom: 10.0px">
        Gross profit in the first quarter increased to $196.8 million from
        $157.6 million, reflecting the impact of increased sales from
        acquisitions. The gross margin rate decreased to 38.1% from 38.8%. The
        gross margin rate for the quarter was impacted by lower gross margins
        at the recent acquisition of AGA. Excluding the impact of AGA, the
        gross margin rate would have increased to 40.0% for the current
        quarter, reflecting improved margins at the Commercial Foodservice
        Equipment Group and the Food Processing Equipment Group associated
        with favorable sales mix and the benefit of integration initiatives.
      </li>
      <li style="margin-bottom: 10.0px">
        Operating income increased 29.7% in the first quarter to $86.4 million
        from $66.6 million in the prior year quarter.
      </li>
      <li style="margin-bottom: 10.0px">
        Non-cash expenses included in operating income during the first
        quarter of 2016 amounted to $19.6 million, including $6.0 million of
        depreciation, $8.6 million of intangible amortization and $5.0 million
        of non-cash share based compensation.
      </li>
      <li style="margin-bottom: 10.0px">
        Other income in the quarter was $0.8 million compared to other expense
        of $4.6 million in the prior year quarter, consisting mainly of
        foreign exchange gains and losses.
      </li>
      <li style="margin-bottom: 10.0px">
        The provision for income taxes during the first quarter amounted to
        $27.4 million, at an effective rate of 33.4%, as compared to a $20.0
        million provision at a 34.4% effective rate in the prior year quarter.
      </li>
    </ul>
    <ul>
      <li style="margin-bottom: 10.0px">
        Net earnings per share of $0.96 in the first quarter as compared to
        $0.67 in the prior year quarter. The prior year quarter included
        restructuring expenses of $4.6 million, which reduced net earnings per
        share by $0.05 in the prior year quarter.
      </li>
      <li style="margin-bottom: 10.0px">
        Total debt at the end of the first quarter amounted to $763.1 million
        as compared to $766.1 million at the end of the fiscal 2015.
      </li>
    </ul>
    <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      Selim A. Bassoul Chairman and Chief Executive Officer, commented, &#8220;We
      realized solid sales growth at the Commercial Foodservice Equipment
      Group in the first quarter as business with our restaurant chain
      customers remained strong. In the quarter we were pleased to see sales
      return to double digit growth in the international markets, which had
      been challenging in the prior year due to market conditions and
      substantial volatility in foreign exchange rates.&#8221;
    </p>
    <p>
      &#8220;We realized strong incoming order rates at the Food Processing
      Equipment Group as we see continued demand for our innovative equipment
      solutions. Sales growth was solid during the first quarter, but was
      impacted in part by a manufacturing consolidation initiative at certain
      of our baking companies that resulted in sales disruption. We expect
      this consolidation will enhance profitability within this segment and
      better position us for long term growth in the baking category. We are
      well positioned for the remainder of the year as backlog continued to
      grow during the quarter and we would anticipate this to translate into
      accelerating sales growth as we move into the next several quarters,&#8221;
      said Mr. Bassoul.
    </p>
    <p>
      Mr. Bassoul added, &#8220;At our Residential Kitchen Equipment Group, the
      first quarter reflects the residual impact of the prior year product
      recall related to products manufactured during the previous ownership of
      Viking. Despite this continuing impact, we remain confident about the
      prospects of the new introductions and anticipate this will support
      future sales growth. At Viking we have redesigned every product line,
      including our complete new refrigeration offering.&#8221;
    </p>
    <p>
      Mr. Bassoul, concluded &#8220;We continue to focus on our profit improvement
      initiatives at the recent acquisition of AGA Rangemaster Group plc and
      its related portfolio of premium residential brands, including AGA,
      Rangemaster, La Cornue, Marvel, Mercury, Falcon, Rayburn, Stanley,
      Grange and Fired Earth. We remain on track with our cost savings targets
      and anticipate this business will reach our target double digit EBITDA
      margins in the second half of this year as we realize the benefits from
      efforts to improve efficiencies at this acquired business.&#8221;
    </p>
    <div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <u><b>Conference Call</b></u>
    </p>
    <p>
      A conference call will be held at 10:00 a.m. Central time on May 12,
      2016 and can be accessed by dialing (888) 391-6937 or (315) 625-3077 and
      providing conference code 7288313# or through the investor relations
      section of The Middleby Corporation website at <u>www.middleby.com</u>.
      An audio replay of the call will be available approximately one half
      hour after its completion and can be accessed by calling (855) 859-2056
      and providing code 7288313#.
    </p>
    <p>
      Statements in this press release or otherwise attributable to the
      company regarding the company's business which are not historical fact
      are forward-looking statements made pursuant to the safe harbor
      provisions of the Private Securities Litigation Reform Act of 1995. The
      company cautions investors that such statements are estimates of future
      performance and are highly dependent upon a variety of important factors
      that could cause actual results to differ materially from such
      statements. Such factors include variability in financing costs;
      quarterly variations in operating results; dependence on key customers;
      international exposure; foreign exchange and political risks affecting
      international sales; changing market conditions; the impact of
      competitive products and pricing; the timely development and market
      acceptance of the company's products; the availability and cost of raw
      materials; and other risks detailed herein and from time-to-time in the
      company's SEC filings.
    </p>
    <p>
      The Middleby Corporation is a global leader in the foodservice equipment
      industry. The company develops, manufactures, markets and services a
      broad line of equipment used in the commercial foodservice, food
      processing, and residential kitchen equipment industries. The company's
      leading equipment brands serving the commercial foodservice industry
      include Anets&#174;, Beech&#174;, Blodgett&#174;, Blodgett Combi&#174;, Blodgett Range&#174;,
      Bloomfield&#174;, Britannia&#174;, Carter-Hoffmann&#174;, Celfrost&#174;, Concordia&#174;,
      CookTek&#174;, CTX&#174;, Desmon&#174;, Doyon&#174;, Eswood&#174;, FriFri&#174;, Giga&#174;, Goldstein&#174;,
      Holman&#174;, Houno&#174;, IMC&#174;, Induc&#174;, Jade&#174;, Lang&#174;, Lincat&#174;, MagiKitch'n&#174;,
      Market Forge&#174;, Marsal&#174;, Middleby Marshall&#174;, MPC&#169;, Nieco&#174;, Nu-Vu&#174;,
      PerfectFry&#174;, Pitco Frialator&#174;, Southbend&#174;, Star&#174;, Toastmaster&#174;,
      TurboChef&#174;, Wells&#174; and Wunder-Bar&#174;. The company&#8217;s leading equipment
      brands serving the food processing industry include Alkar&#174;, Armor Inox&#174;,
      Auto-Bake&#174;, Baker Thermal Solutions&#174;, Cozzini&#174;, Danfotech&#174;, Drake&#174;,
      Maurer-Atmos&#174;, MP Equipment&#174;, RapidPak&#174;, Spooner Vicars&#174;, Stewart
      Systems&#174; and Thurne&#174;. The company&#8217;s leading equipment brands serving the
      residential kitchen industry include AGA&#174;, AGA Cookshop&#174;, Brigade&#174;,
      Falcon&#174;, Fired Earth&#174;, Grange&#174;, Heartland&#174;, La Cornue&#174;, Leisure Sinks&#174;,
      Lynx&#174;, Marvel&#174;, Mercury&#174;, Rangemaster&#174;, Rayburn&#174;, Redfyre&#174;, Sedona&#174;,
      Stanley&#174;, Turbochef&#174;, U-Line&#174; and Viking&#174;.
    </p>
    <p>
      The Middleby Corporation was named a Fortune Magazine&#8217;s Fastest Growing
      Company in 2014 and 2015. For more information about The Middleby
      Corporation and the company brands, please visit <u>www.middleby.com</u>.
    </p>
    <div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td colspan="9">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="9">
          <b>THE MIDDLEBY CORPORATION</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="9">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="9">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Amounts in 000&#8217;s, Except Per Share Information)
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="9">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Unaudited)
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="9">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="6">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Three Months Ended
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid" valign="top" colspan="2">
          1st Qtr, 2016
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid" valign="top" colspan="2">
          1st Qtr, 2015
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Net sales
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          516,355
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          406,596
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          Cost of sales
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          319,582
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          249,034
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="top">
          Gross profit
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          196,773
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          157,562
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Selling &amp; distribution expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          53,689
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          47,109
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          General &amp; administrative expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          56,103
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          39,273
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          Restructuring expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          606
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          4,600
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="top">
          Income from operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          86,375
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          66,580
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Interest expense and deferred
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="top">
          financing amortization, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          5,276
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          3,749
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          Other (income) expense, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          (800)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          4,561
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="top">
          Earnings before income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          81,899
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          58,270
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          Provision for income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          27,361
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          20,039
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px; padding-bottom: 4.0px" valign="top">
          Net earnings
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double" valign="bottom">
          54,538
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double" valign="bottom">
          38,231
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Net earnings per share:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px; padding-bottom: 4.0px" valign="top">
          Basic
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double" valign="bottom">
          0.96
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double" valign="bottom">
          0.67
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px; padding-bottom: 4.0px" valign="top">
          Diluted
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double" valign="bottom">
          0.96
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double" valign="bottom">
          0.67
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Weighted average number shares:
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px; padding-bottom: 4.0px" valign="top">
          Basic
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td style="text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double" valign="bottom">
          57,051
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td style="text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double" valign="bottom">
          56,917
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px; padding-bottom: 4.0px" valign="top">
          Diluted
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td style="text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double" valign="bottom">
          57,051
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td style="text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double" valign="bottom">
          56,918
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="9">
          <b>THE MIDDLEBY CORPORATION</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="9">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>CONDENSED CONSOLIDATED BALANCE SHEETS</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="9">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Amounts in 000&#8217;s)
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="9">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Unaudited)
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="9">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid" valign="top" colspan="2">
          Apr 2, 2016
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid" valign="top" colspan="2">
          Jan 2, 2016
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          ASSETS
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Cash and cash equivalents
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          55,681
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          55,528
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Accounts receivable, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          300,907
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          282,534
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Inventories, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          367,639
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          354,150
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Prepaid expenses and other
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          43,604
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          39,801
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Prepaid taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          6,214
        </td>
        <td style="text-align: right; padding-left: 0.0px" valign="top">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          11,426
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          Current deferred tax assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          51,902
        </td>
        <td style="text-align: right; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          51,723
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="top">
          Total current assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          825,947
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          795,162
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Property, plant and equipment, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          199,081
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          199,750
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Goodwill
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          983,998
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          983,339
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Other intangibles, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          734,795
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          749,430
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Long-term deferred tax assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          10,833
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          11,438
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          Other assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          23,290
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          22,032
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px; padding-bottom: 4.0px" valign="top">
          Total assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double" valign="bottom">
          2,777,944
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double" valign="bottom">
          2,761,151
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          LIABILITIES AND STOCKHOLDERS&#8217; EQUITY
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Current maturities of long-term debt
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          57,046
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          32,059
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Accounts payable
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          156,175
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          157,758
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          Accrued expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          300,011
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          320,154
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="top">
          Total current liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          513,232
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          509,971
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Long-term debt
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          706,074
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          734,002
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Long-term deferred tax liability
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          121,675
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          113,010
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Accrued pension benefits
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          182,343
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          207,564
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Other non-current liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          30,284
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap" valign="bottom">
          29,774
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          Stockholders&#8217; equity
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          1,224,336
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          1,166,830
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px; padding-bottom: 4.0px" valign="top">
          Total liabilities and stockholders&#8217; equity
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double" valign="bottom">
          2,777,944
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double" valign="bottom">
          2,761,151
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br>The Middleby Corporation<br>Darcy Bretz, Investor and Public
      Relations, (847) 429-7756<br>or<br>Tim FitzGerald, Chief Financial
      Officer, (847) 429-7744
    </p>
  </body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
