<SEC-DOCUMENT>0001157523-17-000667.txt : 20170301
<SEC-HEADER>0001157523-17-000667.hdr.sgml : 20170301
<ACCEPTANCE-DATETIME>20170228192933
ACCESSION NUMBER:		0001157523-17-000667
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170228
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170301
DATE AS OF CHANGE:		20170228

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:		17650720

	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>a51518253.htm
<DESCRIPTION>THE MIDDLEBY CORPORATION 8-K
<TEXT>
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      <font style="font-family: Times New Roman; font-size: 12pt">UNITED STATES</font><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-size: 12pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 12pt">SECURITIES
      AND EXCHANGE COMMISSION</font><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-family: Times New Roman; font-size: 12pt">Washington,
      D.C. 20549</font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><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): February 28, 2017</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 cellspacing="0" style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; margin-left:auto;margin-right:auto; width: 100%">
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center; width: 33%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center; width: 34%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>1-9973</b>
          </p>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center; width: 33%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>36-3352497</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center; width: 33%">
          <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 valign="top" style="padding-left: 0.0px; text-align: center; width: 34%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission File Number)
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center; width: 33%">
          <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 cellspacing="0" style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%">
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center; width: 67%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>1400 Toastmaster Drive, Elgin, Illinois</b>
          </p>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center; width: 33%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>60120</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center; width: 67%">
          <font style="font-size: 10pt; font-family: Times New Roman">(Address
          of Principal Executive Offices)</font>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center; width: 33%">
          <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="margin-bottom: 10pt; margin-left: 0pt; margin-right: 0pt; width: 100%; text-indent: 0pt">
      <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="color: black; height: 1.5pt">

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

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

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%">
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 10%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Item 2.02.</b>
          </p>
        </td>
        <td style="width: 2%">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 88%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Results of Operations and Financial Condition.</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="font-family: Times New Roman; font-size: 10pt; text-indent: 30.0px">
      On February 28, 2017, The Middleby Corporation (the &#8220;Company&#8221;) issued a
      press release announcing its financial results for the fourth quarter
      and full year results ended December 31, 2016. A copy of that press
      release is furnished as Exhibit 99.1 and incorporated herein by
      reference.
    </p>
    <p style="font-family: Times New Roman; font-size: 10pt; text-indent: 30.0px">
      The information furnished pursuant to Item 2.02 of this Current Report
      on&#160;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.
    </p>
    <p style="white-space: nowrap">

    </p>
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        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 10%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Item 9.01.</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 2%">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 88%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Financial Statements and Exhibits.</b>
          </p>
        </td>
      </tr>
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        <td style="width: 10%">

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

        </td>
        <td style="width: 88%">
          &#160;
        </td>
      </tr>
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        <td style="width: 10%">

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

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left; width: 88%">
          <p style="font-family: Times New Roman; font-size: 10pt">

          </p>
        </td>
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        <td style="width: 10%">

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

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 88%">
          <p style="font-family: Times New Roman; font-size: 10pt">
            <b>(c) &#160;&#160;&#160;&#160;&#160;&#160;Exhibits.</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="white-space: nowrap; text-align: justify">

    </p>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Exhibit No.</b></u>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left; width: 2%">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; border-bottom-color: black; width: 88%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Description</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

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

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

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 88%">
          The Middleby Corporation press release dated February 28, 2017.
        </td>
      </tr>
    </table>
    </div>
    <p style="white-space: nowrap; text-align: justify">

    </p>
    <div style="margin-bottom: 10pt; margin-left: 0pt; margin-right: 0pt; width: 100%; text-indent: 0pt">
      <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="color: black; height: 1.5pt">

        </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-family: Times New Roman; font-size: 10pt; text-indent: 30.0px">
      <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">
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        <td style="width: 5%">

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

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

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

        </td>
        <td colspan="3" valign="top" style="padding-left: 0.0px; text-align: left">
          <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 valign="top" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left; width: 5%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Dated:
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left; width: 45%">
          February 28, 2017
        </td>
        <td style="width: 6%">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left; width: 4%">
          By:
        </td>
        <td valign="top" style="padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; border-bottom-color: black; width: 40%">
          <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 valign="top" style="padding-left: 0.0px; text-align: left; width: 40%">
          <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 valign="top" style="padding-left: 0.0px; text-align: left; width: 40%">
          <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 valign="top" style="padding-left: 0.0px; text-align: left; width: 40%">
          <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 valign="top" style="padding-left: 0.0px; text-align: left; width: 40%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Chief Accounting Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="margin-bottom: 10pt; margin-left: 0pt; margin-right: 0pt; width: 100%; text-indent: 0pt">
      <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="color: black; height: 1.5pt">

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

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

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

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 88%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            The Middleby Corporation press release dated February 28, 2017.
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: justify">

    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51518253ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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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 Fourth Quarter and Full Year Results</b></font>
    </p>
    <p>
      ELGIN, Ill.--(BUSINESS WIRE)--February 28, 2017--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 fourth quarter and full fiscal year ended December 31, 2016. Net
      earnings for the fourth quarter were $80,936,000 or $1.41 diluted
      earnings per share on net sales of $596,817,000 as compared to the prior
      year fourth quarter net earnings of $50,287,000 or $0.88 diluted
      earnings per share on net sales of $534,707,000. Net earnings for the
      fiscal year ended December 31, 2016 were $284,216,000 or $4.98 diluted
      earnings per share on net sales of $2,267,852,000 as compared to net
      earnings of $191,610,000 or $3.36 diluted earnings per share on net
      sales of $1,826,598,000 in the prior year.
    </p>
    <p>
      <u><b>2016 Fourth Quarter and Full Year Financial Highlights</b></u>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Net sales increased 11.6% in the fourth quarter and 24.2% for the full
        fiscal year of 2016 over the comparative prior year periods. Sales
        related to recent acquisitions added 9.6% in the fourth quarter and
        22.4% for the year offset by the impact of foreign exchange rates on
        foreign sales translated into U.S. Dollars, which reduced net sales by
        approximately 4.1% during the fourth quarter and 2.2% during the full
        fiscal year of 2016. Excluding the impact of acquisitions and foreign
        exchange, sales increased 6.1% during the fourth quarter and 3.9% for
        the full year.
      </li>
      <li style="margin-bottom: 10.0px">
        Net sales at the company&#8217;s Commercial Foodservice Equipment Group
        increased 20.2% in the fourth quarter and increased 13.0% for the full
        fiscal year of 2016 over the comparative prior year periods. During
        fiscal 2015, the company completed the acquisitions of Goldstein
        Eswood, Marsal and Induc. During fiscal 2016, the company completed
        the acquisition of Follett. Excluding the impact of these
        acquisitions, sales increased 4.8% in the fourth quarter and increased
        3.6% for the full fiscal year. Excluding the impact of acquisitions
        and foreign exchange, sales increased 7.1% during the fourth quarter
        and 5.5% for the full year.
      </li>
      <li style="margin-bottom: 10.0px">
        Net sales at the company&#8217;s Food Processing Equipment Group increased
        19.7% in the fourth quarter and 14.9% for the full fiscal year of 2016
        over the comparative prior year periods. During fiscal 2015, the
        company completed the acquisition of Thurne. This acquisition did not
        impact sales in the fourth quarter; however excluding the impact of
        this acquisition, sales increased 13.1% for the full fiscal year.
        Excluding the impact of acquisitions and foreign exchange, sales
        increased 20.3% during the fourth quarter and 13.7% for the full year.
      </li>
      <li style="margin-bottom: 10.0px">
        Net sales at the company&#8217;s Residential Kitchen Equipment Group
        decreased 5.9% in the fourth quarter but increased 61.5% for the full
        fiscal year of 2016 over the comparative prior year periods. During
        fiscal 2015, the company completed the acquisitions of AGA and Lynx.
        Excluding the impact of these acquisitions, sales decreased 10.9% in
        the fourth quarter and decreased 11.5% for the full fiscal year.
        Excluding the impact of acquisitions and foreign exchange, sales
        decreased 2.2% during the fourth quarter and 7.7% for the full year.
      </li>
      <li style="margin-bottom: 10.0px">
        Gross profit in the fourth quarter increased to $239.2 million from
        $198.9 million, reflecting the impact of higher sales volumes, offset
        by the impact of foreign exchange rates. The gross margin rate
        increased from 37.2% to 40.1%. For the full fiscal year of 2016, gross
        profit increased to $901.2 million from $706.5 million and the gross
        margin rate increased from 38.7% to 39.7%. Improved margins reflect
        favorable sales mix and efficiency gains, including benefits from
        integration initiatives.
      </li>
      <li style="margin-bottom: 10.0px">
        Operating income increased to $126.5 million from $72.6 million in the
        prior year quarter and increased for the full fiscal year of 2016 to
        $446.2 million from $302.6 million in the prior year. Operating income
        in 2016 included $2.4 million of restructuring costs in the fourth
        quarter and $10.5 million for the full year primarily associated with
        integration initiatives to reduce costs related to AGA.
      </li>
      <li style="margin-bottom: 10.0px">
        Non-cash expenses during the fourth quarter of 2016 amounted to $24.1
        million, including $6.7 million of depreciation, $6.8 million of
        intangible amortization and $10.6 million of share based compensation.
        Non-cash expenses for the full fiscal year of 2016 amounted to $84.0
        million including $26.2 million of depreciation, $29.9 million of
        intangible amortization and $27.9 million of share based compensation.
      </li>
      <li style="margin-bottom: 10.0px">
        The provision for income taxes in the fourth quarter amounted to $36.9
        million at a 31.3% effective rate in comparison to $19.1 million at a
        27.5% effective rate in the prior year quarter. For the full fiscal
        year of 2016, the provision for income taxes amounted to $137.1
        million at a 32.5% effective rate in comparison to $89.6 million at a
        31.9% effective rate in the prior year.
      </li>
      <li style="margin-bottom: 10.0px">
        Net earnings per share amounted to $1.41 in the fourth quarter as
        compared to $0.88 in the prior year quarter and $4.98 for the full
        year in 2016 as compared to $3.36 in 2015. Net earnings in the current
        and prior year were reduced by restructuring expenses and AGA
        transaction expenses. The impact of these items reduced earnings per
        share by $0.03 and $0.22 for the fourth quarter periods, respectively,
        and $0.13 and $0.43 for the full fiscal year, respectively.
      </li>
      <li style="margin-bottom: 10.0px">
        Operating cash flows amounted to $119.0 million during the fourth
        quarter and $294.1 million for the full fiscal year of 2016. In
        comparison, operating cash flows for the full year increased from
        $249.6 million in the prior year.
      </li>
      <li style="margin-bottom: 10.0px">
        Net debt, defined as debt less cash, at the end of 2016 fiscal fourth
        quarter amounted to $663.6 million as compared to $771.5 million at
        the end of the third quarter and $710.5 million at the end of fiscal
        2015.
      </li>
    </ul>
    <div style="margin-bottom: 10pt; margin-left: 0pt; margin-right: 0pt; width: 100%; text-indent: 0pt">
      <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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
    <p>
      Selim A. Bassoul Chairman and Chief Executive Officer, commented, &#8220;At
      the Commercial Foodservice Equipment Group, we continued to realize
      strong sales growth in the international markets with restaurant
      customers expanding in emerging markets and existing customers upgrading
      to more advanced equipment solutions. Domestically, sales improved from
      the third quarter but were still impacted by slower purchases from
      several restaurant chains in comparison to the prior year. We continue
      to see positive momentum at our Commercial Foodservice segment as we
      move into 2017 with growth from new products and strong development
      activity with our restaurant chain customers adopting our innovative
      equipment solutions.&#8221;
    </p>
    <p>
      &#8220;We realized continued strong sales growth in the fourth quarter and
      throughout the year at the Food Processing Equipment Group. We continue
      to see development of new food processing facilities in emerging
      markets. We have invested heavily in the operations of our industrial
      bakery brands both in new product development and in production
      efficiency. We are now well positioned to see sales growth and
      profitability over the next three years.&#8221; said Mr. Bassoul.
    </p>
    <p>
      Mr. Bassoul continued, &#8220;At our Residential Kitchen Equipment Group, the
      fourth quarter organic sales decline reflects the impact of lower
      revenues at Viking, which realized single digit declines and continued
      to be impacted by the residual impact of the prior year product recall
      at Viking related to products manufactured during the previous
      ownership. Sales at the AGA group were relatively consistent with the
      prior year. Sales at the AGA group reflect the impact of first year
      integration initiatives including the rationalization of unprofitable
      products along with a focused change in customer base. As we move into
      2017 we expect to see a residual impact on sales from these profit
      improvement initiatives at AGA.&#8221;
    </p>
    <p>
      Mr. Bassoul added, &#8220;We were pleased with the progress we made during the
      year at all three segments in our profit improvement initiatives. We
      realized growth in gross margins and EBITDA margins across all three
      segments and expect further progress in 2017. Within the residential
      segment we realized substantial improvement at the AGA group and are
      well on our way to achieving sustained EBITDA margins in excess of 20%.
      Longer term, we expect to realize additional synergies across the
      Residential business segment, which we anticipate will result in
      increased profitability across the entire segment.&#8221;
    </p>
    <p>
      <u><b>Conference Call</b></u>
    </p>
    <p>
      A conference call will be held at 10 a.m. Central time on March 1<sup>st</sup>
      and can be accessed by dialing (888) 391-6937 and providing conference
      code 79324777# 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
      79324777#.
    </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>
    <div style="margin-bottom: 10pt; margin-left: 0pt; margin-right: 0pt; width: 100%; text-indent: 0pt">
      <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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
    <p>
      The&#160;Middleby Corporation&#160;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;, Follett&#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>
      For more information about The Middleby Corporation and the company
      brands, please visit&#160;<u>www.middleby.com</u>.
    </p>
    <div style="margin-bottom: 10pt; margin-left: 0pt; margin-right: 0pt; width: 100%; text-indent: 0pt">
      <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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%">
      <tr>
        <td colspan="16">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="16" valign="top" style="padding-left: 0.0px; text-align: center">
          <b>THE MIDDLEBY CORPORATION</b>
        </td>
      </tr>
      <tr>
        <td colspan="16" valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="16" valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Amounts in 000&#8217;s, Except Per Share Information)
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="16" valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Unaudited)
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="16">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="6" valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Three Months Ended
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="5" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Twelve Months Ended
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">

        </td>
        <td valign="top" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">

        </td>
        <td valign="top" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: center; border-bottom-color: black">
          <p style="margin-bottom: 0px; margin-top: 0px">
            4<sup>th</sup> Qtr, 2016
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: center; border-bottom-color: black">
          <p style="margin-bottom: 0px; margin-top: 0px">
            4<sup>th</sup> Qtr, 2015
          </p>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: center; border-bottom-color: black">
          <p style="margin-bottom: 0px; margin-top: 0px">
            4<sup>th</sup> Qtr, 2016
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: center; border-bottom-color: black">
          <p style="margin-bottom: 0px; margin-top: 0px">
            4<sup>th</sup> Qtr, 2015
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Net sales
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          596,817
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          534,707
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2,267,852
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,826,598
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">
          Cost of sales
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          357,640
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          335,835
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          1,366,672
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          1,120,093
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          239,177
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          198,872
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          901,180
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          706,505
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          55,601
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          56,435
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          223,883
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          193,353
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          General &amp; administrative expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          54,699
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          52,873
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          220,548
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          181,795
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">
          Restructuring expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          2,379
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          16,931
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          10,524
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          28,754
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          126,498
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          72,633
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          446,225
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          302,603
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          6,105
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          4,946
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          23,880
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          16,967
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">
          Other expense (income), net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          2,526
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          (1,667
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: left; border-bottom-color: black">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          1,040
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          4,469
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          117,867
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          69,354
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          421,305
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          281,167
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          36,931
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          19,067
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          137,089
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          89,557
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          80,936
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          50,287
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          284,216
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          191,610
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          1.42
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          0.88
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          4.98
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          3.36
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          1.41
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          0.88
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          4.98
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          3.36
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <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 colspan="3">

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          57,022
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          56,963
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          57,030
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          56,951
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          57,243
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          57,047
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          57,085
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          56,973
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; margin-left: 0pt; margin-right: 0pt; width: 100%; text-indent: 0pt">
      <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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%">
      <tr>
        <td colspan="9" valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>THE MIDDLEBY CORPORATION</b>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="9" valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>CONDENSED CONSOLIDATED BALANCE SHEETS</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="9" valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Amounts in 000&#8217;s)
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="9" valign="top" style="padding-left: 0.0px; text-align: center">
          <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 colspan="2" valign="top" style="white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: center; border-bottom-color: black">
          Dec 31, 2016
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2" valign="top" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: center; border-bottom-color: black">
          Jan 2, 2016
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          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 valign="top" style="padding-left: 0.0px; text-align: left">
          Cash and cash equivalents
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          68,485
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          325,868
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          368,243
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          42,704
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          6,399
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: right">

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          811,699
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          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 valign="top" style="padding-left: 0.0px; text-align: left">
          Property, plant and equipment, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          221,571
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,092,722
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          696,171
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          51,699
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          43,274
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          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 valign="top" style="padding-left: 20.0px; padding-bottom: 4.0px; text-align: left">
          Total assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          2,917,136
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          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 valign="top" style="padding-left: 0.0px; text-align: left">
          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 valign="top" style="padding-left: 0.0px; text-align: left">
          Current maturities of long-term debt
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          5,883
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          146,921
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          335,605
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          320,228
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Total current liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          488,409
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          510,045
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          726,243
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          77,760
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          322,988
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: right">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          207,490
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Other non-current liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          36,418
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: right">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          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 valign="top" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">
          Stockholders&#8217; equity
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          1,265,318
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          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 valign="top" style="padding-left: 20.0px; padding-bottom: 4.0px; text-align: left">
          Total liabilities and stockholders&#8217; equity
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right; border-bottom-color: black">
          2,917,136
        </td>
        <td>

        </td>
        <td>

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