Year-over-year third quarter 2014 sales increased 6% to $245 million and Adjusted EBITDA increased 9% to $38 million
Maintained full year 2014 guidance for sales and Adjusted EBITDA
Free cash flow guidance increased to $45 million
PORTLAND, Ore., Nov.
Lawn and garden companies are feeling optimistic about 2015, according
to a survey conducted by GE Capital, Commercial Distribution Finance
(CDF). Twenty-two percent of respondents think sales will grow 15
percent or more, with an additional 22 percent expecting growth between
10-15 percent and 38 percent expecting growth between 5-10 percent.
Highlights GAAP revenue of $234.0 million and non-GAAP revenue of $235.5 million GAAP diluted earnings per share of $0.70 and non-GAAP diluted earnings per share of $0.89 Operating cash flows of $81.6 million GAAP operating profit margin of 38.8% and non-GAAP operating profit margin of 50.4% Repurchased 461,300 shares during the third quarter and 1,431,500 in the first nine months
Franklin Square to provide long-term investment capital and take equity position to support accelerated growth strategy
Investment in NewStar extends Franklin Square's reach into the lower middle market with senior debt focused platform
Relationship positions NewStar to provide larger capital commitments and more complete financing options to clients
BOSTON, NEW YORK and PHILADELPHIA, Nov.
- Increases Second Half Non-GAAP EPS Forecast to $6.60-$6.70 - - 158% Increase in Third Quarter 2014 Adjusted EBITDA to $1.3 billion - - North American Brands Revenues of $1.6 billion; North American Generics and International Revenues of $1.6 billion -
- Debt Repayment of ~$750 million During Quarter - - Business Development Initiatives Expand Portfolios; Significant Progress in Integration/Synergy Capture - - GAAP Loss Per Diluted Share in Third Quarter of $3.95 - DUBLIN , Nov.
By Barbara Kollmeyer, MarketWatch
MADRID (MarketWatch) -- Wall Street was poised for a stronger start on Wednesday, with stock futures gaining after Republicans retook control of the Senate after numerous victories in midterm elections.
The Middleby Corporation (NASDAQ: MIDD), a leading worldwide
manufacturer of equipment for the commercial foodservice, food
processing and residential kitchen industries, today reported net sales
and earnings for the third quarter ended September 27, 2014.
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