What does food processing group — restructuring charges mean?

The total one-time costs incurred to reorganize or streamline the Food Processing Group segment.

How do you interpret food processing group — restructuring charges?

Higher charges indicate aggressive operational restructuring, which may temporarily depress earnings but often signals a proactive effort to improve future margins.

How does food processing group — restructuring charges compare across companies?

Comparable to 'Restructuring and Impairment Charges' found in the income statements of diversified industrial and manufacturing companies.

Middleby MIDD Food Processing Group — Restructuring Charges

Discontinued — last reported Q4 '18

Similar metrics at other companies

GISUS Retail And Convenience Stores And Foodservice Segments — Restructuring Charges

$9.2M—

CCKOperating Segments — Restructuring Charges

$3.25M+8.3%

IFFFood Ingredients — Restructuring Charges

$2M-33.3%

RPMSpecialty Products Group — Restructuring Charges

$1.54M+1.4%

IPCorporate — Restructuring And Other Related Charges

-$5.25M-131%

PKGCorrugated Products Facilities — Restructuring Charges

$175K0.0%

Other financials

Income statement

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Revenue$839.9M+15.0%

Gross profit$323.2M+10.5%

Operating income$133.4M+3.0%

Net income-$50.1M-154%

EPS (diluted)-$1.06-163%

Balance sheet

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Cash & equivalents$177.1M-76.2%

Total debt$1.9B+131%

Total equity$2.4B-36.3%

Total assets$5.4B-26.7%

Cash flow

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Operating cash flow$65.6M-53.5%

CapEx$7.9M-70.0%

Free cash flow$57.7M-49.7%

Valuation

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Market cap$7.79B-7.9%

Enterprise value$9.51B+15.1%

P/S2.4×-0.4×

Profitability

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Gross margin31.3%-0.4pp

Operating margin17.1%-3.2pp

Net margin-12.7%-26.6pp

FCF margin15.2%-5.2pp

Returns & leverage

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Return on equity-13.8%-26.1pp

Debt / equity0.8×+0.6×

Current ratio2×-0.8×

Where this comes from

Reported directly by Middleby in its filing.

Tagged under the XBRL concept us-gaap:RestructuringCharges.

The official record: Middleby’s 10-K, filed February 27, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does food processing group — restructuring charges mean?: The total one-time costs incurred to reorganize or streamline the Food Processing Group segment.
How do you interpret food processing group — restructuring charges?: Higher charges indicate aggressive operational restructuring, which may temporarily depress earnings but often signals a proactive effort to improve future margins.
How does food processing group — restructuring charges compare across companies?: Comparable to 'Restructuring and Impairment Charges' found in the income statements of diversified industrial and manufacturing companies.