| Business Summary | | The
Middleby
Corporation,
through
its
operating
subsidiary
Middleby
Marshall
Inc.
and
its
subsidiaries,
is
engaged
in
the
design,
manufacture,
marketing,
distribution,
and
service
of
a
broad
line
of
cooking
and
warming
equipment
used
in
all
types
of
foodservice
operations,
including
quick-service
restaurants,
full-service
restaurants,
retail
outlets,
hotels
and
other
institutions.
The
Company's
products
include
Middleby
Marshall
and
CTX
conveyor
oven
equipment,
Southbend
ranges,
convection
ovens
and
heavy-duty
cooking
equipment,
SteamMaster
steam
cooking
equipment
and
Toastmaster
toasters
and
counterline
cooking
and
warming
equipment.
The
Company
has
delivered
and
installed
equipment
in
over
100
countries
throughout
the
world.
The
Company
conducts
its
business
through
two
principal
business
divisions:
the
Cooking
Systems
Group
and
the
International
Distribution
Division. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Middleby
is
engaged
in
design,
manufacture
and
sale
of
commercial
and
institutional
foodservice
equipment.
For
the
six
months
ended
6/30/01,
revenues
decreased
23%
to
$50
million.
Net
income
increased
8%
to
$1.2
million.
Revenues
reflect
lower
sales
of
conveyor
oven
equipment.
Net
income
reflects
decreased
S/G/A
expenses
due
to
savings
from
a
lower
cost
structure,
tightened
controls
on
discretionary
spending
and
lower
variable
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| William Whitman, Jr., 61 Chairman | $1.1M | Selim Bassoul, 44 Pres,
CEO | 1.5M | David Baker, 43 VP,
CFO, Sec. | 363K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|