THE MIDDLEBY CORPORATION
Income Statement
| Line Item | FY2010 | FY2009 |
|---|---|---|
| Revenue | $646.6M | $651.9M |
| Cost of Revenue | $396.0M | $403.7M |
| Gross Profit | $250.6M | $248.1M |
| Gross Margin | 38.8% | 38.1% |
| Operating Expenses | ||
| Research & Development | $7.1M | — |
| SG&A Expense | $74.9M | $64.9M |
| Operating Income | $111.4M | $119.6M |
| Operating Margin | 17.2% | 18.3% |
| Interest Expense | — | — |
| Pretax Income | $99.7M | $104.2M |
| Income Tax Expense | $38.6M | $40.3M |
| Net Income | $61.2M | $63.9M |
| Net Margin | 9.5% | 9.8% |
| EPS (Basic) | $1.16 | $1.33 |
| EPS (Diluted) | $1.10 | $1.25 |
| Shares Outstanding (Basic) | 52.8M | 47.9M |
| Shares Outstanding (Diluted) | 55.7M | 51.1M |
| Dividends Per Share | — | — |