<SEC-DOCUMENT>0001157523-18-001761.txt : 20180808
<SEC-HEADER>0001157523-18-001761.hdr.sgml : 20180808
<ACCEPTANCE-DATETIME>20180808070102
ACCESSION NUMBER:		0001157523-18-001761
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180808
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180808
DATE AS OF CHANGE:		20180808

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:		18999744

	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>a51849833.htm
<DESCRIPTION>THE MIDDLEBY CORPORATION 8-K
<TEXT>
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      <font style="font-family: Times New Roman; font-size: 14pt">UNITED STATES</font><font style="font-family: Times New Roman; font-size: 14pt"><br style="font-size: 14pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 14pt">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-family: Times New Roman; font-size: 12pt"><b>CURRENT
      REPORT</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>
      Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</b></font><br><br><font style="font-family: Times New Roman; font-size: 10pt">Date
      of Report (Date of earliest event reported): August 8, 2018</font><br><br><font style="font-size: 18pt"><b>THE
      MIDDLEBY CORPORATION</b></font><br><font style="font-family: Times New Roman; font-size: 10pt">(Exact
      Name of Registrant as Specified in its Charter)</font><br><br>
    </p>
    <div style="text-align:center">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px; margin-left:auto;margin-right:auto" cellspacing="0">
      <tr>
        <td valign="bottom" style="width: 33%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; width: 34%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1-9973</b>
          </p>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; width: 33%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>36-3352497</b>
          </p>
        </td>
      </tr>
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        <td valign="bottom" style="width: 33%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or Other Jurisdiction
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            of Incorporation)
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        </td>
        <td valign="top" style="width: 34%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission File Number)
          </p>
        </td>
        <td valign="bottom" style="width: 33%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (IRS Employer
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="bottom" style="width: 67%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1400 Toastmaster Drive, Elgin, Illinois</b>
          </p>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; width: 33%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>60120</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="width: 67%; text-align: center; padding-left: 0.0px">
          <font style="font-size: 10pt; font-family: Times New Roman">(Address
          of Principal Executive Offices)</font>
        </td>
        <td valign="bottom" style="width: 33%; text-align: center; padding-left: 0.0px">
          <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><br><br>Indicate by check mark whether the
      registrant is an emerging growth company as defined in Rule 405 of the
      Securities Act of 1933&#160;(&#167;230.405 of this chapter) or Rule 12b-2 of the
      Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).<br><br>Emerging
      growth company <font style="font-size: 12pt; font-family: Arial Unicode MS">&#8414;</font><br><br>If
      an emerging growth company, indicate by check mark if the registrant has
      elected not to use the extended transition period for complying with any
      new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act. <font style="font-size: 12pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

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

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

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

        </div>
      </div>
    </div>
    <p style="text-align: justify">

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="width: 10%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Item 2.02</b>
          </p>
        </td>
        <td style="width: 2%">
          &#160;
        </td>
        <td valign="top" style="width: 88%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Results of Operations and Financial Condition.</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: left; text-indent: 30.0px">
      On August 8, 2018, The Middleby Corporation (the &#8220;Company&#8221;) issued a
      press release announcing its financial results for the second quarter
      ended June 30, 2018. A copy of that press release is furnished as
      Exhibit 99.1 and incorporated herein by reference.
    </p>
    <p style="text-align: left; text-indent: 30.0px">
      The information furnished pursuant to Item 2.02 of this Current Report
      on Form 8-K (including the exhibit hereto) shall not be considered
      &quot;filed&quot; under the Securities Exchange Act of 1934, as amended, nor shall
      it be incorporated by reference into future filings by the Company under
      the Securities Act of 1933, as amended, or under the Securities Exchange
      Act of 1934, as amended, unless the Company expressly sets forth in such
      future filing that such information is to be considered &quot;filed&quot; or
      incorporated by reference therein.
    </p>
    <p style="text-align: justify; text-indent: 30.0px">

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

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

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

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

        </td>
        <td valign="top" style="width: 88%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(c)&#160;&#160;&#160;&#160;&#160;&#160; Exhibits.</b>
          </p>
        </td>
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        <td style="width: 10%">

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

        </td>
        <td style="width: 88%">
          &#160;
        </td>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Exhibit No.</b>
          </p>
        </td>
        <td style="width: 2%">

        </td>
        <td valign="top" style="border-bottom-color: black; border-bottom-style: solid; width: 88%; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Description</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>
      <tr>
        <td valign="top" style="width: 10%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Exhibit 99.1
          </p>
        </td>
        <td style="width: 2%">

        </td>
        <td valign="top" style="width: 88%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            The Middleby Corporation press release dated August 8, 2018.
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

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

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

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

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman">SIGNATURES</font>
    </p>
    <p style="font-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 valign="top" style="text-align: left; padding-left: 0.0px" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            THE MIDDLEBY CORPORATION
          </p>
        </td>
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        <td style="width: 5%">

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

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

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

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
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        <td valign="top" style="padding-bottom: 2.0px; width: 5%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Dated:
          </p>
        </td>
        <td valign="top" style="padding-bottom: 2.0px; width: 45%; text-align: left; padding-left: 0.0px">
          August 8, 2018
        </td>
        <td style="width: 6%">
          &#160;
        </td>
        <td valign="top" style="padding-bottom: 2.0px; width: 4%; text-align: left; padding-left: 0.0px">
          By:
        </td>
        <td valign="top" style="border-bottom-color: black; border-bottom-style: solid; width: 40%; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt">
          <p style="margin-top: 0px; margin-bottom: 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="width: 40%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 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="width: 40%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 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="width: 40%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Chief Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

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

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

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

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

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

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

        </td>
        <td valign="top" style="width: 88%; text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 10%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51849833ex99_1.htm">Exhibit 99.1</a>
          </p>
        </td>
        <td style="width: 2%">

        </td>
        <td valign="top" style="width: 88%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51849833ex99_1.htm">The Middleby Corporation press
            release dated August 8, 2018.</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: justify">

    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51849833ex99_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-family: Times New Roman; font-size: 12pt"><b>The
      Middleby Corporation Reports Second Quarter Results</b></font>
    </p>
    <p>
      ELGIN, Ill.--(BUSINESS WIRE)--August 8, 2018--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 second quarter
      ended June&#160;30, 2018. Net earnings for the second quarter were $84.0
      million or $1.51 diluted earnings per share on net sales of $668.1
      million as compared to the prior year second quarter net earnings of
      $77.6 million or $1.35 diluted earnings per share on net sales of $579.3
      million.
    </p>
    <p>
      <u><b>2018 Second Quarter Financial Highlights</b></u>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Net sales increased 15.3% in the second quarter over the comparative
        prior year period. Sales related to recent acquisitions added $84.1
        million or 14.5%, in the second quarter. The impact of foreign
        exchange rates on foreign sales translated into U.S. Dollars increased
        net sales by approximately $6.7 million during the second quarter. The
        adoption of ASC 606 increased net sales by approximately $0.4 million
        during the second quarter. Excluding the impacts of acquisitions,
        foreign exchange rates and the adoption of ASC 606, sales decreased
        0.4% during the second quarter.
      </li>
      <li style="margin-bottom: 10.0px">
        Net sales at the company&#8217;s Commercial Foodservice Equipment Group
        increased $80.3 million, or 24.1%, to $414.1 million in the second
        quarter as compared to $333.8 million in the prior year second
        quarter. During fiscal 2017, the company completed the acquisitions of
        Sveba Dahlen, QualServ, L2F and Globe. During fiscal 2018, the company
        completed the acquisitions of Josper, Firex, and Taylor. Excluding the
        impact of these acquisitions, sales increased 5.0% in the second
        quarter, or increased 4.3% excluding the benefit of foreign exchange
        rates.
      </li>
      <li style="margin-bottom: 10.0px">
        Net sales at the company&#8217;s Residential Kitchen Equipment Group
        increased $7.2 million, or 4.7%, to $160.4 million in the second
        quarter as compared to $153.2 million in the prior year second
        quarter. Excluding the impact of foreign exchange rates, sales
        increased 2.1% during the second quarter. Sales at Viking increased by
        approximately 24% during the quarter. Additionally, the consolidating
        of distribution of our premium brands through company owned operations
        and terminating certain third party distributors generated modest
        growth domestically. This was more than offset by lower sales at AGA
        and non-core brands.
      </li>
      <li style="margin-bottom: 10.0px">
        Net sales at the company&#8217;s Food Processing Equipment Group increased
        $1.2 million, or 1.3%, to $93.6 million in the second quarter as
        compared to $92.4 million in the prior year second quarter. During
        fiscal 2017, the company completed the acquisitions of Burford, CVP
        Systems, and Scanico. During fiscal 2018, the company completed the
        acquisitions of Hinds-Bock and Ve.Ma.C. Excluding the impact of these
        acquisitions, sales decreased 20.8% in the second quarter. Excluding
        the impacts of acquisitions, foreign exchange rates and the adoption
        of ASC 606, net sales decreased $20.2 million, or 21.9%.
      </li>
      <li style="margin-bottom: 10.0px">
        Gross profit in the second quarter increased to $250.8 million from
        $234.6 million reflecting the impact of increased sales from
        acquisitions. The gross margin rate decreased from 40.5% to 37.5%. The
        decrease in the gross margin rate for the quarter reflects lower
        margins at recent acquisitions. Additionally, the gross margin rate
        was impacted by lower volumes and unfavorable product mix at the Food
        Processing Equipment Group. Excluding the impact of acquisitions, the
        gross margin rate would have been 39.2% in the second quarter.
      </li>
      <li style="margin-bottom: 10.0px">
        Operating income amounted to $111.3 million in the second quarter as
        compared to $113.5 million in the prior year quarter. Operating income
        during the 2018 second quarter included $4.4 million of restructuring
        charges as compared to $11.5 million in the 2017 second quarter.
        Professional fees increased in the 2018 second quarter related to
        Taylor transaction costs and legal costs of approximately $4.5
        million. Additionally, the gain on sale of plant in the amount of
        $12.0 million added to operating income for the 2017 second quarter.
      </li>
      <li style="margin-bottom: 10.0px">
        Operating income included $20.0 million of non-cash expenses during
        the second quarter, comprised of $8.5 million of depreciation expense,
        $9.8 million of intangible amortization and $1.7 million of share
        based compensation.
      </li>
      <li style="margin-bottom: 10.0px">
        The provision for income taxes in the second quarter amounted to $26.6
        million at a 24.0% effective rate in comparison to $38.6 million at a
        33.2% effective rate in the prior year quarter. The tax rate in the
        second quarter was favorably impacted by the reduction in the federal
        tax rate from 35% to 21%.
      </li>
      <li style="margin-bottom: 10.0px">
        Net earnings per share amounted to $1.51 in the second quarter as
        compared to $1.35 in the prior year quarter. The impact of
        restructuring expenses and professional fees reduced earnings per
        share by $0.12 in the 2018 second quarter period. In the second
        quarter of 2017, restructuring expenses and the gain on sale of a
        manufacturing facility resulted in no net impact to earnings per share.
      </li>
      <li style="margin-bottom: 10.0px">
        Operating cash flows increased to $146.6 million during the second
        quarter as compared to $86.0 million in the prior year quarter related
        to lower cash paid for taxes and working capital needs.
      </li>
      <li style="margin-bottom: 10.0px">
        Net debt, defined as debt less cash, at the end of 2018 fiscal second
        quarter amounted to $1,974.3 million as compared to $939.2 million at
        the end of fiscal 2017. Second quarter debt reflected the funding of
        the Taylor acquisition for approximately $1.0 billion, as well as for
        V.eMa.C, Firex, and Josper acquisitions completed in the second
        quarter.
      </li>
    </ul>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 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="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
    <p>
      Selim A. Bassoul, Chairman and Chief Executive Officer, commented, &#8220;At
      the Commercial Foodservice Equipment Group, we are seeing the efforts of
      the initiatives implemented over the past year realized with solid sales
      growth in the quarter. We remain excited about the strategic changes in
      our sales organization that were completed in the first quarter of 2018.
      We are beginning to see the benefits in the marketplace of aligning with
      the strongest sales representatives in the industry, which now carry our
      complete portfolio of leading brands and expanding pipeline of new
      product innovations. We added several new customers and reported sales
      growth amongst our major restaurant chain accounts, with continued
      adoption of our new technologies. As a result, we anticipate improving
      sales trends as we progress through the remainder of the year.&#8221;
    </p>
    <p>
      Mr. Bassoul continued, &#8220;At our Residential Kitchen Equipment Group, we
      are very pleased to gain momentum at Viking which we expect will
      continue throughout 2018 and into 2019. We are well positioned with the
      exciting new lineup of Viking products introduced under Middleby&#8217;s
      ownership. The on-going investments in new product displays at our
      dealer partners are continuing to generate positive response in the
      marketplace. We are also seeing the benefits of our long-term strategy
      to consolidate the sales and distribution organizations for our premium
      brands, including Viking, Marvel, Lynx, LaCornue and AGA, through
      company owned operations. As anticipated, the transitional impact of the
      changes were largely completed this quarter, and we recognized modest
      growth in brands other than Viking domestically in the second quarter.
      The AGA businesses continue to be adversely impacted by challenging
      market conditions in the UK with the growing uncertainty of Brexit.
      Restructuring actions are on-going at non-core residential businesses as
      we focus on profit improvements at those entities amidst a decline in
      revenues.&#8221;
    </p>
    <p>
      &#8220;At the Food Processing Equipment Group, we have suffered from continued
      headwinds as several anticipated orders had not yet materialized. The
      decline in revenues reflects the significance of large projects on this
      business segment, which has historically resulted in quarterly sales
      volatility. We are optimistic that the improvement seen in recent orders
      will lead to growth in upcoming quarters for this segment.&#8221;
    </p>
    <p>
      Mr. Bassoul added, &#8220;We are excited to have completed the milestone
      acquisition of Taylor in the second quarter. The acquisition is highly
      strategic for&#160;Middleby&#160;and significantly bolsters our overall position
      as an industry leader in commercial foodservice. Taylor&#8217;s leading
      positions in beverage, frozen dessert and grilling broadens our presence
      in these categories. Along with our other recent acquisitions, we are
      well positioned for growth as customers continue to invest in and expand
      their beverage offerings. We have received very positive feedback from
      our customers and believe there are substantial growth opportunities,
      which should be further enhanced by technology synergies amongst Taylor
      and our existing related businesses.&#8221;
    </p>
    <p>
      &#8220;In addition to Taylor, we were pleased to announce the acquisition and
      addition of several other new brands to the portfolio this quarter.
      Firex is a leader in steam cooking equipment, as is Josper in charcoal
      cooking equipment. They further extend our portfolio of leading cooking
      brands and product innovation in the commercial foodservice industry. In
      both cases, these companies are well positioned to benefit from growing
      foodservice trends related to steam, sous-vide, and charcoal cooking.
      JoeTap, a leader in nitro-brew and cold-brew coffee dispensing
      equipment, further adds to our beverage and coffee platform. Cold-brew
      and nitro-brew are quickly gaining momentum and we have seen significant
      interest in these products from our existing customers.&#8221;
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 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="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
    <p>
      <u><b>Conference Call</b></u>
    </p>
    <p>
      A conference call will be held at 10 a.m. Central Time on Wednesday,
      August&#160;8, 2018 and can be accessed by dialing (888) 391-6937 or (315)
      625-3077 and providing conference code 4189566#. The conference call is
      also accessible through the Investor Relations section of the company
      website at <u>www.middleby.com</u>. A replay of the conference call will
      be available two hours after the conclusion of the call by dialing (855)
      859-2056 and entering conference code 4189566#.
    </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&#8217;s products; the availability and cost of raw
      materials; and other risks detailed herein and from time-to-time in the
      company&#8217;s SEC filings.
    </p>
    <p>
      The Middleby Corporation is a global leader in the foodservice equipment
      industry. The company develops, manufactures, markets and services a
      broad line of equipment used in the commercial foodservice, food
      processing, and residential kitchen equipment industries. The company's
      leading equipment brands serving the commercial foodservice industry
      include Anets&#174;, Bear Varimixer&#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;, Firex&#174;,
      Follett&#174;, Giga&#174;, Globe&#174;, Goldstein&#174;, Holman&#174;, Houno&#174;, IMC&#174;, Induc&#174;,
      Jade&#174;, JoeTap&#174;, Josper&#174;, L2F&#174;, Lang&#174;, Lincat&#174;, MagiKitch'n&#174;, Market
      Forge&#174;, Marsal&#174;, Middleby Marshall&#174;, MPC&#174;, Nieco&#174;, Nu-Vu&#174;, PerfectFry&#174;,
      Pitco Frialator&#174;, QualServ&#174;, Southbend&#174;, Star&#174;, Sveba Dahlen&#174;, Taylor&#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;, Burford&#174;, Cozzini&#174;,
      CVP Systems&#174;, Danfotech&#174;, Drake&#174;, Emico&#174;, Glimek&#174;, Hinds-Bock&#174;,
      Maurer-Atmos&#174;, MP Equipment&#174;, RapidPak&#174;, Scanico&#174;, Spooner Vicars&#174;,
      Stewart Systems&#174;, Thurne&#174; and VeMa.C.&#174;. The company&#8217;s leading equipment
      brands serving the residential kitchen industry include AGA&#174;, AGA
      Cookshop&#174;, Brigade&#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-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 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="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 8pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px" colspan="21">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="21">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>THE MIDDLEBY CORPORATION</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="21">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="21">
          <b>(Amounts in 000&#8217;s, Except Per Share Information)</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="21">
          <b>(Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px" colspan="21">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" colspan="8">
          Three Months Ended
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" colspan="8">
          Six Months Ended
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="3">
          2nd Qtr, 2018
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="3">
          2nd Qtr, 2017
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="3">
          2nd Qtr, 2018
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="3">
          2nd Qtr, 2017
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Net sales
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          668,128
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          579,343
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          1,252,928
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          1,109,640
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          Cost of sales
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          417,369
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          344,735
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          790,536
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          665,582
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 15.0px">
          Gross profit
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          250,759
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          234,608
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          462,392
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          444,058
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Selling, general and administrative
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          135,008
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          121,632
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          257,956
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          236,616
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Restructuring expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          4,441
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          11,494
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          6,134
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          13,219
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          Gain on sale of plant
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          (12,042
        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          (12,042
        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 15.0px">
          Income from operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          111,310
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          113,524
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          198,302
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          206,265
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Interest expense and deferred financing amortization, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          10,404
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          5,702
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          19,227
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          11,507
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Net periodic pension benefit (other than service costs)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          (9,116
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          (8,612
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          (18,821
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          (16,950
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          Other (income) expense, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          (542
        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          302
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          631
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          2,169
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 15.0px">
          Earnings before income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          110,564
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          116,132
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          197,265
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          209,539
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          Provision for income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          26,576
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          38,563
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          47,857
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          61,268
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 15.0px">
          Net earnings
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          83,988
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          77,569
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          149,408
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          148,271
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Net earnings per share:
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 15.0px">
          Basic
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          1.51
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          1.35
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          2.69
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          2.59
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 15.0px">
          Diluted
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          1.51
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          1.35
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          2.69
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          2.59
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Weighted average number of shares
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 15.0px">
          Basic
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" colspan="2">
          55,576
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" colspan="2">
          57,299
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" colspan="2">
          55,575
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" colspan="2">
          57,201
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 15.0px">
          Diluted
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" colspan="2">
          55,576
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" colspan="2">
          57,299
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" colspan="2">
          55,575
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt" colspan="2">
          57,201
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="21">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 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="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 8pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td colspan="10">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="10">
          <b>THE MIDDLEBY CORPORATION</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="10">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>CONDENSED CONSOLIDATED BALANCE SHEETS</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="10">
          <b>(Amounts in 000&#8217;s, Except Per Share Information)</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="10">
          <b>(Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px" colspan="10">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="3">
          Jun 30, 2018
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          Dec 30, 2017
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          ASSETS
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          92,284
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          89,654
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Accounts receivable, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          400,266
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          328,421
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Inventories, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          493,667
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          424,639
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Prepaid expenses and other
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          48,890
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          55,427
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          Prepaid taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          45,350
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          33,748
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 15.0px">
          Total current assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          1,080,457
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          931,889
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          317,150
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          281,915
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Goodwill
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          1,824,755
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          1,264,810
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Other intangibles, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          1,292,771
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          780,426
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Long-term deferred tax assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          40,807
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          44,565
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          Other assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          46,263
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          36,108
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 15.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Total assets
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          4,602,203
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          3,339,713
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          6,297
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          5,149
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Accounts payable
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          188,256
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          146,333
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          Accrued expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          361,501
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          322,171
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 15.0px">
          Total current liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          556,054
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          473,653
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          2,060,328
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          1,023,732
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Long-term deferred tax liability
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          102,636
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          87,815
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Accrued pension benefits
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          309,573
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          334,511
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Other non-current liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          72,456
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" colspan="2">
          58,854
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          1,501,156
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          1,361,148
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 15.0px">
          Total liabilities and stockholders' equity
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          4,602,203
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px; border-bottom-width: 2.25pt">
          3,339,713
        </td>
      </tr>
      <tr>
        <td colspan="10">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>

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