<SEC-DOCUMENT>0001157523-18-002345.txt : 20181107
<SEC-HEADER>0001157523-18-002345.hdr.sgml : 20181107
<ACCEPTANCE-DATETIME>20181107070028
ACCESSION NUMBER:		0001157523-18-002345
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20181107
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20181107
DATE AS OF CHANGE:		20181107

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:		181164650

	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>a51895719.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): November 7, 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="width: 100%; margin-bottom: 10.0px; font-size: 10pt; margin-left:auto;margin-right:auto; font-family: Times New Roman" cellspacing="0">
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        <td valign="bottom" style="width: 33%; padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; width: 34%; padding-left: 0.0px; white-space: nowrap; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1-9973</b>
          </p>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; width: 33%; padding-left: 0.0px; white-space: nowrap; text-align: center">
          <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%; padding-left: 0.0px; text-align: center">
          <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%; padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission File Number)
          </p>
        </td>
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          <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="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td valign="bottom" style="width: 67%; padding-left: 0.0px; text-align: center">
          <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; width: 33%; padding-left: 0.0px; white-space: nowrap; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>60120</b>
          </p>
        </td>
      </tr>
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        <td valign="bottom" style="width: 67%; padding-left: 0.0px; text-align: center">
          <font style="font-family: Times New Roman; font-size: 10pt">(Address
          of Principal Executive Offices)</font>
        </td>
        <td valign="bottom" style="width: 33%; padding-left: 0.0px; text-align: center">
          <font style="font-family: Times New Roman; font-size: 10pt">(Zip
          Code)</font>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <b>(847) 741-3300</b><br>(<font style="font-family: Times New Roman; font-size: 10pt">Registrant&#8217;s
      telephone number, including area code)</font><br><br><b>N/A</b><br>(<font style="font-family: Times New Roman; font-size: 10pt">Former
      Name or Former Address, if Changed Since Last Report)</font><br>
    </p>
    <p style="text-align: left">
      <br>
      <font style="font-family: Times New Roman; font-size: 10pt">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-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">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-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">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-family: Arial Unicode MS; font-size: 12pt">&#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-family: Arial Unicode MS; font-size: 12pt">&#8414;</font>
    </p>
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        <div style="text-align: left">

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    </div>
    <p>

    </p>
<div style="text-align:left">
    <table style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td valign="top" style="width: 12%; padding-left: 0.0px; text-align: left">
          <p style="font-size: 10pt; font-family: Times New Roman">
            <b>Item 2.02</b>
          </p>
        </td>
        <td valign="top" style="width: 88%; padding-left: 0.0px; text-align: left">
          <p style="font-size: 10pt; font-family: Times New Roman">
            <b>Results of Operations and Financial Condition.</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</b>On
      November 7, 2018, The Middleby Corporation (the &#8220;Company&#8221;) issued a
      press release announcing its financial results for the third quarter
      ended September 29, 2018. A copy of that press release is furnished as
      Exhibit 99.1 and incorporated herein by reference.
    </p>
    <p>
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;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">

    </p>
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          <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%; padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Financial Statements and Exhibits.</b>
          </p>
        </td>
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        <td style="width: 10%">

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        <td style="width: 2%">

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

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

        </td>
        <td valign="top" style="width: 88%; padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (c) Exhibits.
          </p>
        </td>
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        </td>
        <td style="width: 2%">

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          &#160;
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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="width: 88%; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Description</b>
          </p>
        </td>
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        <td style="width: 10%">

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

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

        </td>
        <td valign="top" style="width: 88%; padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            The Middleby Corporation press release dated November 7, 2018.
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: justify">

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

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

        </div>
        <div style="text-align: center">
          <hr style="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-family: Times New Roman; font-size: 10pt">SIGNATURES</font>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px; font-family: Times New Roman">
      <font style="font-family: Times New Roman; font-size: 10pt">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>
        <td style="width: 45%">

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

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

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
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        <td valign="top" style="width: 5%; padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Dated:
          </p>
        </td>
        <td valign="top" style="width: 45%; padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          November 7, 2018
        </td>
        <td style="width: 6%">
          &#160;
        </td>
        <td valign="top" style="width: 4%; padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          By:
        </td>
        <td valign="top" style="width: 40%; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left">
          <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%; padding-left: 0.0px; text-align: left">
          <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%; padding-left: 0.0px; text-align: left">
          <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%; padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Chief Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

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

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

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

        </td>
        <td valign="top" style="width: 88%; padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 10%; padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51895719ex99_1.htm">Exhibit 99.1</a>
          </p>
        </td>
        <td style="width: 2%">

        </td>
        <td valign="top" style="width: 88%; padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51895719ex99_1.htm">The Middleby Corporation press
            release dated November 7, 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>a51895719ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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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 Third Quarter Results</b></font>
    </p>
    <p>
      ELGIN, Ill.--(BUSINESS WIRE)--November 7, 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 third quarter
      ended September&#160;29, 2018. Net earnings for the third quarter were $72.9
      million or $1.31 diluted earnings per share on net sales of $713.3
      million as compared to the prior year third quarter net earnings of
      $74.7 million or $1.31 diluted earnings per share on net sales of $593.0
      million. Excluding the impact of restructuring expenses and the dilutive
      impact of the Taylor acquisition, adjusted earnings per share was $1.56
      for the third quarter ended September&#160;29, 2018. Excluding the impact of
      restructuring expenses, adjusted earnings per share was $1.36 in the
      prior year third quarter.
    </p>
    <div style="width: 100%; margin-bottom: 10pt; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </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>
      <u><b>2018 Third Quarter Financial Highlights</b></u>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Net sales increased 20.3% in the third quarter over the comparative
        prior year third quarter. Sales related to recent acquisitions added
        $118.0 million or 19.9%, in the third quarter. The impact of foreign
        exchange rates on foreign sales translated into U.S. Dollars decreased
        net sales by approximately $5.2 million during the third quarter. The
        adoption of ASC 606 increased net sales by approximately $2.6 million
        during the third quarter. Excluding the impacts of acquisitions,
        foreign exchange rates and the adoption of ASC 606, sales increased
        0.8% during the third quarter.
      </li>
      <li style="margin-bottom: 10.0px">
        Net sales at the company&#8217;s Commercial Foodservice Equipment Group
        increased $116.8 million, or 32.9%, to $471.6 million in the third
        quarter as compared to $354.8 million in the prior year third quarter.
        During fiscal 2017, the company completed the acquisitions of
        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 3.0% in the third quarter, or
        increased 4.1% excluding the unfavorable impact of foreign exchange
        rates.
      </li>
      <li style="margin-bottom: 10.0px">
        Net sales at the company&#8217;s Residential Kitchen Equipment Group
        increased $2.2 million, or 1.5%, to $153.5 million in the third
        quarter as compared to $151.3 million in the prior year third quarter.
        Excluding the impact of foreign exchange rates, sales increased 1.8%
        during the third quarter. Excluding the impact of sales declines at
        the non-core businesses, sales growth for the quarter amounted to
        2.7%. Sales at Viking increased by approximately 15% during the
        quarter, which was offset by a decline at the AGA Rangemaster business
        resulting from market conditions in the UK.
      </li>
      <li style="margin-bottom: 10.0px">
        Net sales at the company&#8217;s Food Processing Equipment Group increased
        $1.4 million, or 1.6%, to $88.3 million in the third quarter as
        compared to $86.9 million in the prior year third quarter. During
        fiscal 2017, the company completed the acquisition of Scanico. During
        fiscal 2018, the company completed the acquisitions of Hinds-Bock and
        Ve.Ma.C. Excluding the impact of these acquisitions, sales decreased
        11.9% in the third quarter. Excluding the impacts of acquisitions,
        foreign exchange rates and the adoption of ASC 606, net sales
        decreased $12.4 million, or 14.3%.
      </li>
      <li style="margin-bottom: 10.0px">
        Gross profit in the third quarter increased to $261.2 million from
        $228.5 million reflecting the impact of increased sales from
        acquisitions. The gross margin rate decreased from 38.5% to 36.6%. The
        decrease in the gross margin rate for the quarter reflects lower
        margins at recent acquisitions, including $4.6 million of non-cash
        fair market value adjustments related to purchase accounting for
        recent acquisitions. Excluding the impact of acquisitions, the gross
        margin rate would have been 39.1% in the third quarter.
      </li>
      <li style="margin-bottom: 10.0px">
        Operating income amounted to $107.7 million in the third quarter as
        compared to $109.4 million in the prior year quarter. Operating income
        during the 2018 third quarter included $12.1 million of restructuring
        charges as compared to $4.2 million in the 2017 third quarter.
        Restructuring charges in the 2018 third quarter included $8.7 million
        associated with the closure of Grange, a non-core furniture business
        in France which was acquired in conjunction with AGA Rangemaster.
        Third quarter charges also included expenses related to integration
        initiatives with AGA Rangemaster and Taylor.
      </li>
      <li style="margin-bottom: 10.0px">
        Operating income included $31.0 million of non-cash expenses during
        the third quarter, comprised of $9.9 million of depreciation expense,
        $17.6 million of intangible amortization and $3.5 million of share
        based compensation.
      </li>
      <li style="margin-bottom: 10.0px">
        The provision for income taxes in the third quarter amounted to $25.1
        million at a 25.6% effective rate in comparison to $38.1 million at a
        33.8% effective rate in the prior year quarter. The tax rate in the
        third 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 was $1.31 in both the 2018 and 2017 third
        quarters. Net earnings in the current third quarter were reduced by
        restructuring expenses. The impact of these items reduced earnings per
        share by $0.16 and $0.05 in the 2018 and 2017 third quarter periods,
        respectively. Additionally, the impact of the Taylor acquisition
        offset by the increased interest costs diluted earnings in the third
        quarter by $6.9 million or $0.09 per share. Excluding these items, net
        earnings per share was $1.56 and $1.36 in 2018 and 2017 third quarter
        periods, respectively.
      </li>
      <li style="margin-bottom: 10.0px">
        Operating cash flows increased to $252.0 million during the nine
        months ended September&#160;29, 2018 as compared to $204.9 million in the
        prior year 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 third
        quarter amounted to $1,881.8 million as compared to $939.2 million at
        the end of fiscal 2017. Third quarter debt reflected the funding of
        the Taylor acquisition for approximately $1.0 billion, as well as for
        Ve.Ma.C., Firex, and Josper acquisitions completed in the second
        quarter.
      </li>
    </ul>
    <div style="width: 100%; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

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

        </div>
        <div style="text-align: center">
          <hr style="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 had solid growth with
      improving sales to restaurant chains in the domestic market. We continue
      to develop a pipeline of business opportunities with customers adopting
      our new technologies. Our kitchen equipment advancements provide
      operators solutions for labor savings, faster service speed, menu
      flexibility and space-saving, ventless solutions. International markets
      remained soft; however we anticipate improving conditions
      internationally as we end the year and enter 2019. We are starting to
      see the benefits of our consolidated sales representatives initiative
      and are pleased with the positive momentum in this area. Having now
      completed the in-depth training of these representatives, we expect them
      to continue to strengthen our sales and customer relationships. Our
      alignment with the most well-respected and proven sales representatives
      in the industry, who now carry our broad portfolio of leading brands,
      has positioned Middleby to execute on long-term growth strategies.&#8221;
    </p>
    <p>
      Mr. Bassoul continued, &#8220;At our Residential Kitchen Equipment Group,
      Viking continued to grow at double-digit rates. The innovative, new
      lineup of Viking products introduced under our ownership continues to
      gain momentum. We continue to make investments to promote the brand and
      its new, innovative equipment through updated product displays at our
      dealer partners. Additionally, we are excited to announce the opening of
      a second Viking showroom in the Architects and Designers Building in New
      York City. Throughout 2018 we have entertained thousands of guests
      including dealers, designers, builders and influencers in our
      award-winning, first showroom located in the Chicago Merchandise Mart.
      We also recognized solid growth domestically from the Marvel, Lynx,
      LaCornue, AGA and U-Line brands and are realizing the benefits of our
      consolidation strategy for sales and distribution of these premium
      brands.&#160;Domestic growth was offset by the AGA Rangemaster businesses
      which continued to be negatively impacted by challenging market
      conditions in the UK with the uncertainty of Brexit. Sales also reflect
      the impact of disruption at non-core businesses, which should lessen as
      we complete the closure of the Grange furniture business.&#8221;
    </p>
    <p>
      &#8220;At the Food Processing Equipment Group, the decline in revenues
      reflects the absence of large projects at this business segment,
      particularly impacting the meat processing business. Although we have
      realized order growth in 2018, the order rate has been lower than
      anticipated and certain expected projects have been deferred. We do
      anticipate gradual improvement in upcoming quarters and remain
      optimistic about current projects in the pipeline and an improved
      backlog as we enter 2019.&#8221;
    </p>
    <p>
      Mr. Bassoul added, &#8220;During the third quarter, we also focused on the
      integration of our acquisition of Taylor. The efforts are well underway
      and we are pleased with the progress of initiatives to improve
      profitability. We are excited about the strategic benefits of this
      acquisition, as it significantly enhances our market position and
      opportunities in the beverage and frozen dessert categories.&#8221;
    </p>
    <div style="width: 100%; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

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

        </div>
        <div style="text-align: center">
          <hr style="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,
      November&#160;7, 2018 and can be accessed by dialing (888) 391-6937 or (315)
      625-3077 and providing conference code 5636989#. 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 5636989#.
    </p>
    <p>
      Statements in this press release or otherwise attributable to the
      company regarding the company's business which are not historical facts
      are forward-looking statements made pursuant to the safe harbor
      provisions of the Private Securities Litigation Reform Act of 1995. The
      company cautions investors that such statements are estimates of future
      performance and are highly dependent upon a variety of important factors
      that could cause actual results to differ materially from such
      statements. Such factors include variability in financing costs;
      quarterly variations in operating results; dependence on key customers;
      international exposure; foreign exchange and political risks affecting
      international sales; changing market conditions; the impact of
      competitive products and pricing; the timely development and market
      acceptance of the company's products; the availability and cost of raw
      materials; and other risks detailed herein and from time-to-time in the
      company's SEC filings. Any forward-looking statement speaks only as of
      the date hereof, and the Company does not undertake any obligation to
      publicly update or review any forward-looking statement, whether as a
      result of new information, future developments or otherwise, except as
      required by law.
    </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;, M-TEK&#174;, RapidPak&#174;, Scanico&#174;, Spooner
      Vicars&#174;, Stewart Systems&#174;, Thurne&#174; and Ve.Ma.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="width: 100%; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

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

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

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="8">

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="8">

        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>THE MIDDLEBY CORPORATION</b>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Amounts in 000&#8217;s, Except Per Share Information)
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Unaudited)
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="8">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="8">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          713,331
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          593,043
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          1,966,259
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          1,702,683
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          452,171
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          364,524
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          1,242,707
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          1,030,106
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#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-left: 15.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Gross profit
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          261,160
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          228,519
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          723,552
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          672,577
        </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-left: 0.0px; text-align: left">
          Selling, general and administrative
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          141,372
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          114,857
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          399,328
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          351,473
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          12,111
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          4,218
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          18,245
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          17,437
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          107,677
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          109,444
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          305,979
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          315,709
        </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-left: 0.0px; text-align: left">
          Interest expense and deferred financing amortization, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          19,143
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          6,550
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          38,370
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          18,057
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          (9,225
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          (8,813
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          (28,046
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          (25,763
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Other (income) expense, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          (260
        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          (1,068
        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          371
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          1,101
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#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-left: 15.0px; text-align: left">
          Earnings before income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          98,019
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          112,775
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          295,284
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          322,314
        </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; padding-left: 0.0px; text-align: left">
          Provision for income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          25,114
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          38,104
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          72,971
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          99,372
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#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; padding-left: 15.0px; text-align: left">
          Net earnings
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          72,905
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          74,671
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          222,313
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          222,942
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#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-left: 0.0px; text-align: left">
          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; padding-left: 15.0px; text-align: left">
          Basic
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          1.31
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          1.31
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          4.00
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          3.91
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#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; padding-left: 15.0px; text-align: left">
          Diluted
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          1.31
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          1.31
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          4.00
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          3.91
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#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-left: 0.0px; text-align: left">
          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; padding-left: 15.0px; text-align: left">
          Basic
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          55,577
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          56,810
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          57,070
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#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; padding-left: 15.0px; text-align: left">
          Diluted
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          55,577
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          56,810
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          57,070
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

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

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

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

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

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

        </td>
      </tr>
      <tr>
        <td colspan="10" valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>THE MIDDLEBY CORPORATION</b>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="10" valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>CONDENSED CONSOLIDATED BALANCE SHEETS</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="10" valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Amounts in 000&#8217;s, Except Per Share Information)
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="10" valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Unaudited)
          </p>
        </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" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: center">
          Sep 29, 2018
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: center">
          Dec 30, 2017
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          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="padding-left: 0.0px; text-align: left">
          Cash and cash equivalents
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          76,588
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          410,150
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          512,824
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          50,142
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          28,876
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          1,078,580
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          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="padding-left: 0.0px; text-align: left">
          Property, plant and equipment, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          311,741
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          1,823,258
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          1,275,142
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          39,483
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          50,405
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          4,578,609
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          3,125
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          197,750
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          373,297
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          574,172
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          1,955,243
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          110,984
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          298,628
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          65,949
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          1,573,633
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          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; padding-left: 15.0px; text-align: left">
          Total liabilities and stockholders' equity
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; border-bottom-width: 2.25pt; border-bottom-style: double; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          4,578,609
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

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

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

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td colspan="16" valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>THE MIDDLEBY CORPORATION</b>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="16" valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>NON-GAAP SEGMENT INFORMATION</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="16" valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Amounts in 000&#8217;s, Except Percentages)
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="16" valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Unaudited)
          </p>
        </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">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Commercial<br>Foodservice
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Residential<br>Kitchen
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Food<br>Processing
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Three Months Ended September 29, 2018</b>
        </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 valign="bottom" style="padding-left: 0.0px; text-align: left">
          Net sales
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          471,598
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          153,476
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          88,257
        </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">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Segment Operating Income
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          102,091
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          9,489
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          13,831
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <i>Operating Income % of net sales</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <i>21.6</i>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left">
          <i>%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <i>6.2</i>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left">
          <i>%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <i>15.7</i>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left">
          <i>%</i>
        </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">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Depreciation and amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          17,558
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          7,606
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Restructuring expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          1,224
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          10,655
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          232
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 15.0px; text-align: left">
          Acquisition related inventory step-up charge
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          4,556
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          125,429
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          27,750
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          16,272
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <i>Adjusted EBITDA % of net sales</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <i>26.6</i>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left">
          <i>%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <i>18.1</i>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left">
          <i>%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <i>18.4</i>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left">
          <i>%</i>
        </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">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Three Months Ended September 30, 2017</b>
        </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 valign="bottom" style="padding-left: 0.0px; text-align: left">
          Net sales
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          354,828
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          151,344
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          86,871
        </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">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Segment Operating Income
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          89,028
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          16,274
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          19,975
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <i>Operating Income % of net sales</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <i>25.1</i>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left">
          <i>%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <i>10.8</i>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left">
          <i>%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <i>23.0</i>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left">
          <i>%</i>
        </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">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Depreciation and amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          6,977
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          7,422
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          2,101
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Restructuring expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          2,621
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          1,261
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          336
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 15.0px; text-align: left">
          Acquisition related inventory step-up charge
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          300
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; text-align: right">
          51
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#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">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Segment adjusted EBITDA
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          98,926
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          24,957
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          22,463
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <i>Adjusted EBITDA % of net sales</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <i>27.9</i>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left">
          <i>%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <i>16.5</i>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left">
          <i>%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <i>25.9</i>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left">
          <i>%</i>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

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

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

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

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

        </div>
      </div>
    </div>
    <p>
      <b>NON-GAAP FINANCIAL MEASURES</b>
    </p>
    <p>
      The company supplements its consolidated financial statements presented
      on a GAAP basis with this non-GAAP financial information to provide
      investors with greater insight, increase transparency and allow for a
      more comprehensive understanding of the information used by management
      in its financial and operational decision-making. The non-GAAP financial
      measures disclosed by the Company should not be considered a substitute
      for, or superior to, financial measures prepared in accordance with
      GAAP, and the financial results prepared in accordance with GAAP and
      reconciliations from these results should be carefully evaluated. In
      addition, the non-GAAP financial measures included in this press release
      do not have standard meanings and may vary from similarly titled
      non-GAAP financial measures used by other companies.
    </p>
    <p>
      The company believes that the non-GAAP adjusted segment EBITDA measures
      are useful as supplements to its GAAP results of operations to evaluate
      certain aspects of its operations and financial performance, and its
      management team primarily focuses on non-GAAP items in evaluating
      performance for business planning purposes. The Company also believes
      that these measures assist it with comparing its performance between
      various reporting periods on a consistent basis, as these measures
      remove from operating results the impact of items that, in its opinion,
      do not reflect its core operating performance including, for example,
      intangibles amortization expense, impairment charges, restructuring
      expenses, and other charges which management considers to be outside
      core operating results. The Company believes that its presentation of
      these non-GAAP financial measures is useful because it provides
      investors and securities analysts with the same information that
      Middleby uses internally for purposes of assessing its core operating
      performance.
    </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>
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