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Middleby Foodservice Equipment Organic Sales Rise 8.6%

Written by The Ashton Report

Middleby reported strong 8.6% organic revenue growth for commercial foodservice equipment 1Q-21 vs. 1Q-20. Order rates are running more than 20% ahead of 1Q-20 and 4Q-20. The order backlog is more than 50% ahead of last year. Net revenues 1Q-21 were $481.2 million. Sales in the US and Canada rose 10.5% and increased 4.2% in…

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