<SEC-DOCUMENT>0001157523-19-001140.txt : 20190508
<SEC-HEADER>0001157523-19-001140.hdr.sgml : 20190508
<ACCEPTANCE-DATETIME>20190508070026
ACCESSION NUMBER:		0001157523-19-001140
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190508
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190508
DATE AS OF CHANGE:		20190508

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:			IL
		FISCAL YEAR END:			1229

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09973
		FILM NUMBER:		19805111

	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>a51981338.htm
<DESCRIPTION>THE MIDDLEBY CORP. 8-K
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2019 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 10pt; font-family: Times New Roman">
    <p>

    </p>
    <hr style="text-align: center; width: 85%; color: #000000; height: 3.0 pt">


    <p style="text-align: center">
      <font style="font-size: 14pt; font-family: Times New Roman">UNITED STATES</font><font style="font-size: 14pt; font-family: Times New Roman"><br style="font-size: 14pt; font-family: Times New Roman"></font><font style="font-size: 14pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-size: 12pt; font-family: Times New Roman">Washington,
      D.C. 20549</font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>FORM
      8-K</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>
      Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</b></font><br><br><font style="font-size: 10pt; font-family: Times New Roman">Date
      of Report (Date of earliest event reported): May 8, 2019</font><br><br><font style="font-size: 18pt"><b>THE
      MIDDLEBY CORPORATION</b></font><br><font style="font-size: 10pt; font-family: Times New Roman">(Exact
      Name of Registrant as Specified in its Charter)</font><br><br>
    </p>
    <div style="text-align:center">
    <table style="margin-left:auto;margin-right:auto; width: 100%; font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="text-align: center; width: 33%; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td style="text-align: center; width: 34%; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1-9973</b>
          </p>
        </td>
        <td style="text-align: center; width: 33%; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>36-3352497</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; width: 33%; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or Other Jurisdiction
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            of Incorporation)
          </p>
        </td>
        <td style="text-align: center; width: 34%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission File Number)
          </p>
        </td>
        <td style="text-align: center; width: 33%; padding-left: 0.0px" valign="bottom">
          <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%; font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="text-align: center; width: 67%; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1400 Toastmaster Drive, Elgin, Illinois</b>
          </p>
        </td>
        <td style="text-align: center; width: 33%; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>60120</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; width: 67%; padding-left: 0.0px" valign="bottom">
          <font style="font-size: 10pt; font-family: Times New Roman">(Address
          of Principal Executive Offices)</font>
        </td>
        <td style="text-align: center; width: 33%; padding-left: 0.0px" valign="bottom">
          <font style="font-size: 10pt; font-family: Times New Roman">(Zip
          Code)</font>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <b>(847) 741-3300</b><br>(<font style="font-size: 10pt; font-family: Times New Roman">Registrant&#8217;s
      telephone number, including area code)</font><br><br><b>N/A</b><br>(<font style="font-size: 10pt; font-family: Times New Roman">Former
      Name or Former Address, if Changed Since Last Report)</font><br>
    </p>
    <p style="text-align: left">
      <br>
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font><br><br>Indicate by check mark whether the
      registrant is an emerging growth company as defined in Rule 405 of the
      Securities Act of 1933&#160;(&#167;230.405 of this chapter) or Rule 12b-2 of the
      Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).<br><br>Emerging
      growth company <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font><br><br>If
      an emerging growth company, indicate by check mark if the registrant has
      elected not to use the extended transition period for complying with any
      new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act. <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font><br>
    </p>
    <div style="margin-right: 0pt; width: 100%; text-indent: 0pt; margin-left: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

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

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

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

        </div>
      </div>
    </div>
    <p style="text-indent: 30.0px; font-family: Times New Roman; font-size: 10pt">

    </p>
    <p>
      <b>Item 2.02. &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Results of Operations and Financial Condition.</b>
    </p>
    <p style="text-indent: 30.0px; font-family: Times New Roman; font-size: 10pt">
      On May 8, 2019, The Middleby Corporation (the &#8220;Company&#8221;) issued a press
      release announcing its financial results the first quarter ended March
      30, 2019. A copy of that press release is furnished as Exhibit 99.1 and
      incorporated herein by reference.
    </p>
    <p style="text-indent: 30.0px; font-family: Times New Roman; font-size: 10pt">
      The information furnished pursuant to Item 2.02 of this Current Report
      on Form 8-K (including the exhibit hereto) shall not be considered
      &quot;filed&quot; under the Securities Exchange Act of 1934, as amended, nor shall
      it be incorporated by reference into future filings by the Company under
      the Securities Act of 1933, as amended, or under the Securities Exchange
      Act of 1934, as amended, unless the Company expressly sets forth in such
      future filing that such information is to be considered &quot;filed&quot; or
      incorporated by reference therein.<br><br><br><b>Item
      9.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Financial Statements and Exhibits.</b>
    </p>
    <p style="white-space: nowrap">
      <b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(c) &#160;&#160;&#160;&#160;&#160;&#160;Exhibits.</b>
    </p>
<div style="text-align:left">
    <table style="width: 100%; font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt; width: 10%; border-bottom-style: solid; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Exhibit No.</b>
          </p>
        </td>
        <td style="text-align: left; padding-bottom: 2.0px; width: 2%; padding-left: 0.0px" valign="top">
          &#160;
        </td>
        <td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt; width: 88%; border-bottom-style: solid; padding-left: 0.0px" valign="top">
          <b>Description</b>
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

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

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

        </td>
        <td style="text-align: left; width: 88%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            The Middleby Corporation press release dated May 8, 2019.
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-indent: 30.0px; font-family: Times New Roman; font-size: 10pt">

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

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

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

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

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

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

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

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

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

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

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

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; width: 5%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Dated:
          </p>
        </td>
        <td style="text-align: left; padding-bottom: 2.0px; width: 45%; padding-left: 0.0px" valign="top">
          May 8, 2019
        </td>
        <td style="width: 6%">
          &#160;
        </td>
        <td style="text-align: left; padding-bottom: 2.0px; width: 4%; padding-left: 0.0px" valign="top">
          By:
        </td>
        <td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt; width: 40%; border-bottom-style: solid; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ Bryan E. Mittelman
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

        </td>
        <td style="text-align: left; width: 88%; padding-left: 0.0px" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; width: 10%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51981338ex99_1.htm">Exhibit 99.1</a>
          </p>
        </td>
        <td style="width: 2%">

        </td>
        <td style="text-align: left; width: 88%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51981338ex99_1.htm">The Middleby Corporation press
            release dated May 8, 2019.</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: justify">

    </p>
  </body>
</html>
<!--<!DOCTYPE html
     PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN"
     "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd">-->
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51981338ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2019 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 8pt; font-family: Times New Roman">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>The
      Middleby Corporation Reports First Quarter Results</b></font>
    </p>
    <p>
      ELGIN, Ill.--(BUSINESS WIRE)--May 8, 2019--The Middleby Corporation
      (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the
      commercial foodservice, food processing, and residential kitchen
      industries, today reported net sales and earnings for the first quarter
      ended March&#160;30, 2019. Net earnings for the first quarter were $69.0
      million or $1.24 diluted earnings per share on net sales of $686.8
      million as compared to the prior year first quarter net earnings of
      $65.4 million or $1.18 diluted earnings per share on net sales of $584.8
      million. Net earnings in the current quarter were negatively impacted by
      the transition costs resulting from the retirement of the former
      Chairman and CEO. Excluding these items, earnings per share would have
      been $1.38 for the 2019 first quarter.
    </p>
    <p>
      <u><b>2019 First Quarter Financial Highlights</b></u>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Net sales increased 17.4% in the first quarter of 2019 over the
        comparative prior year period. Sales related to recent acquisitions
        added 17.2% in the first quarter. The impact of foreign exchange rates
        on foreign sales translated into U.S. Dollars decreased net sales by
        approximately 2.1% during the first quarter. Excluding the impacts of
        acquisitions, closure of a non-core business and foreign exchange
        rates, sales increased 2.9% in the first quarter.
      </li>
      <li style="margin-bottom: 10.0px">
        Net sales at the company&#8217;s Commercial Foodservice Equipment Group
        increased 27.1% in the first quarter of 2019 over the comparative
        prior year period. During fiscal 2018, the company completed the
        acquisitions of Firex, Josper, Taylor and Crown. During fiscal 2019,
        the company completed the acquisition of EVO. Excluding the impacts of
        acquisitions and foreign exchange, sales increased 3.4% in the first
        quarter.
      </li>
      <li style="margin-bottom: 10.0px">
        Net sales at the company&#8217;s Residential Kitchen Equipment Group
        increased 0.4% in the first quarter of 2019 over comparative prior
        year period. Excluding the impact of foreign exchange rates and
        closure of a non-core business, sales increased 5.5% during the first
        quarter, led by continued double digit sales growth at Viking.
      </li>
      <li style="margin-bottom: 10.0px">
        Net sales at the company&#8217;s Food Processing Equipment Group increased
        4.4% in the first quarter of 2019 over the comparative prior year
        period. During fiscal 2018, the company completed the acquisitions of
        Hinds-Bock, Ve.Ma.C and M-TEK. Excluding the impacts of acquisitions
        and foreign exchange rates, net sales decreased 3.2% during the first
        quarter.
      </li>
      <li style="margin-bottom: 10.0px">
        Gross profit in the first quarter increased to $257.3 million from
        $211.6 million and the gross margin rate increased from 36.2% to
        37.5%. The increase in gross margin rate for the quarter was primarily
        related to improved profitability at the Residential Kitchen Equipment
        Group.
      </li>
      <li style="margin-bottom: 10.0px">
        Operating income in the first quarter increased to $101.1 million from
        $87.0 million in the prior year period. The transition costs resulting
        from the retirement of the former Chairman and CEO also negatively
        impacted the quarter by approximately $10.1 million.
      </li>
      <li style="margin-bottom: 10.0px">
        Operating income included $26.2 million of non-cash expenses during
        the first quarter, comprised of $9.0 million of depreciation expense,
        $16.1 million of intangible amortization and $1.1 million of share
        based compensation. Prior year first quarter non-cash expenses
        amounted to $19.8 million, including $8.2 million of depreciation
        expenses, $11.5 million of intangible amortization and $0.1 million of
        share based compensation.
      </li>
      <li style="margin-bottom: 10.0px">
        The provision for income taxes in the first quarter amounted to $20.7
        million at a 23.1% effective rate in comparison to $21.3 million at a
        24.5% effective rate in the prior year quarter.
      </li>
      <li style="margin-bottom: 10.0px">
        Diluted net earnings per share was $1.24 in the first quarter as
        compared to $1.18 in the prior year quarter. Net earnings in the
        current quarter were negatively impacted by the transition costs from
        the retirement of the former Chairman and CEO. The impact of these
        costs reduced earnings per share by $0.14 for the first quarter.
      </li>
      <li style="margin-bottom: 10.0px">
        Operating cash flows during the first quarter amounted to $33.9
        million in comparison to $44.7 million in the prior year period.
      </li>
      <li style="margin-bottom: 10.0px">
        Net debt, defined as debt less cash, at the end of the 2019 fiscal
        first quarter amounted to $1,811.1 million as compared to $1,820.4
        million at the end of fiscal 2018. During the first quarter, the
        company invested $12.4 million to fund 2019 acquisition activities.
      </li>
    </ul>
    <div style="margin-right: 0pt; text-indent: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

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

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

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

        </div>
      </div>
    </div>
    <p>
      Timothy FitzGerald, Chief Executive Officer, commented, &#8220;At the
      Commercial Foodservice Equipment Group, we reported growth both
      domestically and internationally. In the U.S., we continued to benefit
      from sales momentum with our restaurant chain customers, as they adopt
      our latest product innovation. International growth reflects improved
      market conditions in Latin America and Asia, although we continue to
      face challenging conditions in Europe and U.K. with uncertainty from the
      impact of Brexit. We continue to work closely with our customers on
      solutions to address current operator challenges of labor cost and
      availability, space constraints and rising operating costs, while
      providing flexibility for menu updates. In particular, we continue to
      see demand in the areas of beverage, ventless cooking and automated
      conveyor equipment. Our focus remains on positioning Middleby for
      long-term growth through strategic investments in technology and our
      global manufacturing, sales and support capabilities.&quot;
    </p>
    <p>
      &quot;We continue to make progress on the integration of commercial
      foodservice acquisitions completed over the past several years. At
      Taylor, EBITDA margins improved to approximately 25% in the quarter and
      added to our earnings by approximately $0.04 this quarter. Investments
      to achieve our longer-term profitability goals will be ongoing. Most
      importantly, these efforts include the development of new product
      innovations for the market in the frozen beverage and dessert
      categories, which we anticipate will generate future growth and margin
      enhancement opportunities.&#8221;
    </p>
    <p>
      Mr. FitzGerald added, &#8220;At our Residential Kitchen Equipment Group, we
      continued to see favorable progress and market share gains with our
      brands domestically. Viking again reported double-digit sales growth in
      the quarter and there is steady interest and momentum with new,
      innovative product lines including the Viking Virtuoso line which was
      introduced in the first quarter. Additionally, we expanded our
      refrigeration offering and are excited to launch a new generation of
      under counter refrigeration from U-Line. Investments in the residential
      business are ongoing with the recent grand opening of our New York City
      Residential Showroom and third residential showroom planned for Southern
      California in 2019. Outside of North America, we were pleased to also
      see modest growth in the AGA Rangemaster business during the quarter,
      reflecting initial benefits of new product introductions. However,
      challenging market conditions persist in the U.K. and we anticipate
      consistent growth will be difficult until the market conditions improve.&quot;
    </p>
    <p>
      Mr. FitzGerald further noted, &quot;At the Food Processing Equipment Group,
      the absence of large projects due to market dynamics, remains a
      challenge, particularly in the meat processing business. We continue to
      introduce innovation to the market and launch new products to address
      growing market categories and trends such as pet foods, dried meats and
      jerky, and sous-vide cooking and remain optimistic that positive results
      are achievable in the coming quarters.&quot;
    </p>
    <p>
      Mr. FitzGerald concluded, &#8220;We recently announced the acquisitions of the
      Standex Cooking Solution Group and PowerHouse Dynamics. Through the
      Standex acquisition, we are excited to add the highly-respected brands
      Ultrafryer, BKI, APW and Bakers Pride to the Middleby family as this
      acquisition further extends our technologies in frying, cooking and
      warming within our Commercial Foodservice Equipment Group. With the
      addition of BKI, we are now strategically well-positioned to serve and
      penetrate the growing retail and convenience store market segment. The
      acquisition of PowerHouse Dynamics significantly adds to our IoT and
      Cloud-Based offerings and capabilities. This acquisition, as an addition
      to our current Middleby Connect technology, expands our solutions
      platform allowing customers to remotely monitor and operate a broad set
      of operations for restaurants, allowing our customers to achieve gains
      in labor efficiency, energy conservation, food cost and enhanced food
      safety.&#8221;
    </p>
    <div style="margin-right: 0pt; width: 100%; text-indent: 0pt; margin-left: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

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

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

        </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,
      May&#160;8, 2019 and can be accessed by dialing (888) 391-6937 or (315)
      625-3077 and providing conference code 6871299#. 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 6871299#.
    </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;, APW Wyott&#174;, Bakers Pride&#174;, Bear Varimixer&#174;, Beech&#174;,
      BKI&#174;, Blodgett&#174;, Blodgett Combi&#174;, Blodgett Range&#174;, Bloomfield&#174;,
      Britannia&#174;, Carter-Hoffmann&#174;, Celfrost&#174;, Concordia&#174;, CookTek&#174;, Crown
      Food Equipment&#174;, CTX&#174;, Desmon&#174;, Doyon&#174;, Eswood&#174;, EVO&#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;, SiteSage&#174;, Southbend&#174;, Star&#174;, Sveba
      Dahlen&#174;, Taylor&#174;, Toastmaster&#174;, TurboChef&#174;, Ultrafryer&#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;, Fired Earth&#174;,
      EVO&#174;, Heartland&#174;, La Cornue&#174;, Leisure Sinks&#174;, Lynx&#174;, Marvel&#174;, Mercury&#174;,
      Rangemaster&#174;, Rayburn&#174;, Redfyre&#174;, Sedona&#174;, Stanley&#174;, TurboChef&#174;, U-Line&#174;
      and Viking&#174;.
    </p>
    <p>
      For more information about The Middleby Corporation and the company
      brands, please visit&#160;<u>www.middleby.com</u>.
    </p>
    <div style="margin-right: 0pt; width: 100%; text-indent: 0pt; margin-left: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

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

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

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

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

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="9">
          <b>THE MIDDLEBY CORPORATION</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="9">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="9">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Amounts in 000&#8217;s, Except Per Share Information)
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="9">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Unaudited)
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="7">
          Three Months Ended
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="3">
          1st Qtr, 2019
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="3">
          1st Qtr, 2018
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Net sales
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          686,802
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          584,800
        </td>
        <td>

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

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          429,490
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          373,167
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          257,312
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          211,633
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          145,793
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          122,948
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Former Chairman and CEO transition costs
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          10,116
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

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

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          342
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,693
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="bottom">
          Income from operations
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          101,061
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          86,992
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          20,520
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          8,823
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (7,761
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (9,705
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          Other (income) expense, net
        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (1,413
        </td>
        <td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,173
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          89,715
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          86,701
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          20,702
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          21,281
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          69,013
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          65,420
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          1.24
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          1.18
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          1.24
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          1.18
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          55,601
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          55,573
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          55,601
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          55,573
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; text-indent: 0pt; margin-left: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

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

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

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

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

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

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

        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="8">
          <b>THE MIDDLEBY CORPORATION</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="8">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>CONDENSED CONSOLIDATED BALANCE SHEETS</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="8">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Amounts in 000&#8217;s, Except Per Share Information)
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="8">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Unaudited)
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="3">
          Mar 30, 2019
        </td>
        <td>

        </td>
        <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          Dec 29, 2018
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          ASSETS
        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          81,210
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          71,701
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Accounts receivable, net
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          388,333
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          398,660
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Inventories, net
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          580,174
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          521,810
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Prepaid expenses and other
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          54,339
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          50,940
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          Prepaid taxes
        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          7,089
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          18,483
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="bottom">
          Total current assets
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,111,145
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,061,594
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          318,212
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          314,569
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Goodwill
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,738,737
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,743,175
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Other intangibles, net
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,371,385
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,361,024
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Long-term deferred tax assets
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          30,562
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          32,188
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          Other assets
        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          118,076
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          37,231
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          4,688,117
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          4,549,781
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          3,017
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          3,207
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Accounts payable
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          194,911
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          188,299
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          Accrued expenses
        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          363,629
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          367,446
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="bottom">
          Total current liabilities
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          561,557
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          558,952
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,889,294
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,888,898
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Long-term deferred tax liability
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          115,937
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          113,896
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Accrued pension benefits
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          253,233
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          253,119
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Other non-current liabilities
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          142,037
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          69,713
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,726,059
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,665,203
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          4,688,117
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          4,549,781
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; text-indent: 0pt; margin-left: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

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

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

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

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

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

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

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

        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="13">
          <b>THE MIDDLEBY CORPORATION</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="13">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>NON-GAAP SEGMENT INFORMATION (UNAUDITED)</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="13">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Amounts in 000&#8217;s, Except Percentages)
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>Commercial</b>
        </td>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom">

        </td>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>Residential</b>
        </td>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom">

        </td>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>Food</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">

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

        </td>
        <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>Foodservice</b>
        </td>
        <td style="text-align: center; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">

        </td>
        <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>Kitchen</b>
        </td>
        <td style="text-align: center; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">

        </td>
        <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>Processing</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Three Months Ended March 30, 2019</b>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          457,531
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          136,797
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          92,474
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Segment Operating Income
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          96,811
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          18,771
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          12,586
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <i>21.2</i>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <i>%</i>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <i>13.7</i>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <i>%</i>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <i>13.6</i>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <i>%</i>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          Depreciation and amortization
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          16,180
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          5,359
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3,524
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          Restructuring expenses
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          151
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          56
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px" valign="bottom">
          Acquisition related inventory step-up charge
        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          133
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

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

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>113,275</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>24,265</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>16,166</b>
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <i>24.8</i>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <i>%</i>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <i>17.7</i>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <i>%</i>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <i>17.5</i>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <i>%</i>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Three Months Ended March 31, 2018</b>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          359,904
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          136,324
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          88,572
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Segment Operating Income
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          82,546
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          6,589
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          10,678
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <i>22.9</i>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <i>%</i>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <i>4.8</i>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <i>%</i>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <i>12.1</i>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <i>%</i>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          Depreciation and amortization
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          8,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          7,509
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          4,047
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px" valign="bottom">
          Restructuring expenses
        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          953
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          740
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>91,499</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>14,838</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>14,725</b>
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <i>25.4</i>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <i>%</i>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <i>10.9</i>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <i>%</i>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <i>16.6</i>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <i>%</i>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

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

    </p>
    <p>
      CONTACT:<br>Darcy Bretz, Investor and Public Relations, (847) 429-7756<br>Bryan
      Mittelman, Chief Financial Officer, (847) 429-7715
    </p>
    <p style="text-align: center">

    </p>
  </body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
